|
� , .
<br /> y
<br /> , , 1
<br /> Section 10. Tax Levy. For the purpose of providing funds required to pay the
<br /> interest on the Bonds promptly when and as the same falls due, and to pay and discharge the
<br /> principal thereof at maturity and as subject to mandatory redemption, there is hereby levied
<br /> upon all of the taxable property within the City, in the years for which any of the Bonds are
<br /> outstanding, a direct annual tax sufficient for that purpose; and there is hereby levied on all
<br /> of the taxable property in the City, in addition to all other taxes, the following d'uect annual
<br /> taxes (the Pledged Taxes):
<br /> FOR THE YEAR A TAX SUFFICIENT TO PRODUCE TI�SUM OF:
<br /> 1995 $1,900,000 for interest and principal up to and
<br /> including April 1, 1997 (net of debt
<br /> service on the Prior Bonds)
<br /> 1996 1,900,000 for interest and principal
<br /> 1997 1,900,000 for interest and principal
<br /> 1998 1,900,000 for interest and principal
<br /> 1999 1,900,000 for interest and principal
<br /> 2000 1,900,000 for interest and principal
<br /> 2001 1,900,000 for interest and principal
<br /> 2002 1,900,000 for interest and principal
<br /> 2003 1,900,000 for interest and principal
<br /> 2004 1,900,000 for interest and principal
<br /> 2005 1,900,000 for interest and principal
<br /> 2006 1,900,000 for interest and principal
<br /> 2007 1,900,000 for interest and principal
<br /> 2008 1,900,000 for interest and principal
<br /> 2009 1,900,000 for interest and principal
<br /> 2010 1,900,000 for interest and principal ��
<br /> 2011 1,900,000 for interest and principal '
<br /> 2012 1,900,000 for interest and principal
<br /> 2013 1,900,000 for interest and principal
<br /> Such levy shall be extended for collection in such amount as to provide for payment to the
<br /> City in a timely manner of the amount levied after provision has been made for loss and cost
<br /> (if any) of collection.
<br /> -25-
<br />
|