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NOTICE : The signature to this transfer and assignment must cor- <br /> respond with the name of the Registered Owner as it <br /> appears upon the face of the within Bond in every par- <br /> ticular , without alteration or enlargement or any change <br /> whatever . <br /> Section 8. Tax Levy <br /> For the purpose of providing funds required to pay the <br /> interest on the Bonds promptly when and as the same falls due , <br /> and to pay and discharge the principal thereof at maturity, there <br /> is hereby levied upon all of the taxable property within the <br /> City, in the years for which any of the Bonds are outstandings , a <br /> direct annual tax sufficient for that purpose ; and there is here- <br /> by levied on all of the taxable property in the City, in addition <br /> to all other taxes , the following direct annual taxes ( the <br /> "Pledged Taxes" ) : <br /> For the Year A Tax Sufficient to Produce the Sum of : <br /> 1987 $ 350 , 475 for principal and interest <br /> up to and including January <br /> 1 , 1989 <br /> 1988 326 , 900 for principal and interest <br /> 1989 314, 500 for principal and interest <br /> 1990 301 , 500 for principal and interest <br /> 1991 288 , 000 for principal and interest <br /> 1992 274 , 000 for principal and interest <br /> 1993 259 , 700 for principal and interest <br /> 1994 245 , 200 for principal and interest <br /> 1995 230, 400 for principal and interest <br /> 1996 215 , 400 for principal and interest <br /> Interest or principal coming due at any time when there <br /> are insufficient funds on hand from the Pledged Taxes to pay the <br /> same shall be paid promptly when due from current funds on hand <br /> in advance of the collection of the Pledged Taxes herein levied ; <br /> and when the Pledged Taxes shall have been collected , reimburse- <br /> ment shall be made to said funds in the amount so advanced. <br /> -17- <br />