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Section 11. Tax Levy. For the purpose of providing funds required to pay the interest
<br /> on the Bonds promptly when and as the same falls due, and to pay and discharge the principal
<br /> thereof at maturity and as subject to mandatory redemption, there is hereby levied upon all of
<br /> the taxable property within the City, in the years for which any of the Bonds are outstanding, a
<br /> direct annual tax sufficient for that purpose; and there is hereby levied on all of the taxable
<br /> property in the City, in addition to all other taxes, the following direct annual taxes (the Pledged
<br /> Taxes as hereinabove defined):
<br /> FOR THE YEAR A TAX SUFFICIENT TO PRODUCE THE DOLLAR SUM OF:
<br /> 2004 $2,060,778.76 for interest and principal up to and including
<br /> March 1, 2006 (net of lawfully available moneys)
<br /> 2005 $2,055,028.76 for interest and principal
<br /> 2006 $2,043,778.76 for interest and principal
<br /> 2007 $2,047,153.76 for interest and principal
<br /> 2008 $2,049,778.76 for interest and principal
<br /> 2009 $2,046,653.76 for interest and principal
<br /> 2010 $2,047,153.76 for interest and principal
<br /> 2011 $2,048,641.26 for interest and principal
<br /> 2012 $2,048,828.76 for interest and principal
<br /> 2013 $2,048,228.76 for interest and principal
<br /> 2014 $2,045,628.76 for interest and principal
<br /> 2015 $2,051,028.76 for interest and principal
<br /> 2016 $2,049,028.76 for interest and principal
<br /> 2017 $2,049,828.76 for interest and principal
<br /> 2018 $2,053,228.76 for interest and principal
<br /> 2019 $2,059,028.76 for interest and principal
<br /> 2020 $2,062,028.76 for interest and principal
<br /> 2021 $2,070,047.50 for interest and principal
<br /> 2022 $2,072,485.00 for interest and principal
<br /> 2023 $2,075,570.00 for interest and principal
<br /> The Pledged Taxes and other moneys (excepting proceeds of the Bonds) on deposit
<br /> (collectively, the "Bond Moneys") in the Bond Fund shall be applied to pay principal of and
<br /> interest on the Bonds as follows:
<br /> -23-
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