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Section 13. Taz Levy. For the purpose of providing funds required to pay the interest on
<br /> the Bonds promptly when and as the same falls due, and to pay and discharge the principal ;
<br /> thereof at maturity, there is hereby levied upon all of the taxable property within the City, in the �
<br /> years for which any of the Bonds are outstanding, a direct annual tax sufficient for that purpose;
<br /> and there is hereby levied on a11 of the tal�able property in the City, in addition to all other taxes,
<br /> the following direct annual taxes (the "Pledged Taxes"):
<br /> FOR THE YEAR A TAX SiJFFICIENT TO PRODUCE TI-iE SUM OF NOT TO EXCEED:
<br /> 2003 $2,500,000 for principal and interest up to and
<br /> including March l,2005
<br /> (net of lawfully available moneys)
<br /> 2004 $2,500,000 for principal and interest
<br /> 2005 $2,500,000 for principal and interest
<br /> 2006 $2,500,000 for principal and interest
<br /> 2007 $2,500,000 for principal and interest
<br /> 2008 $2,500,000 for principal and interest
<br /> 2009 $2,500,000 for principal and interest
<br /> 2010 $2,500,000 for principal and interest
<br /> 2011 $2,500,000 for principal and interest
<br /> 2012 $2,500,000 for principal and interest
<br /> 2013 $2,500,000 for principal and interest
<br /> 2014 $2,500,000 for principal and interest
<br /> 2015 $2,500,000 for principal and interest
<br /> 2016 $2,500,000 for principal and interest
<br /> 2017 $2,500,000 for principal and interest
<br /> 2018 $2,500,000 for principal and interest
<br /> 2019 $2,500,000 for principal and interest
<br /> 2020 $2,500,000 for principal and interest
<br /> 2021 $2,500,000 for principal and interest
<br /> 2022 $2,500,000 for principal and interest
<br /> 2023 $2,500,000 for principal and interest
<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:
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