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Principal Amount Number of Year of Collection <br />Name of Improvement of Assessments Installments of First Installment <br />1968 -2 Improvement <br />(including 1969 -1) 40,000 5 1970 <br />1969 -3 Improvement 55,000 20 1971 <br />1969 -4 Improvement 110,000 20 1971 <br />To the first installment shall be added interest on the entire assessment on such <br />property from the date of adoption thereof until December 31 of the year in which <br />the first installment is Payable, and to each subsequent installment shall be <br />added interest for one year on the then unpaid balance of the assessment. All <br />moneys collected therefrom shall be and are hereby appropriated to the funds of <br />said improvements and to the Improvement Bond Redemption Fund, and shall be ac- <br />counted for and expended in the manner provided in Ordinance No. 68. The full <br />faith and credit of the Village is also pledged forthe payment of said bonds and <br />interest as provided in said ordinance. <br />5.. It is hereby estimated that the collections of the special assess- <br />ments described in paragraph 4 hereof, and all other taxes and assessments hereto" <br />fore levied and appropriated to said fund, will produce at least five per cent in <br />excess of the amounts needed each year to meet when due the principal end interest <br />payments on the bonds herein authorized, and on all other bonds of the Village pay- <br />able from the Improvement Bond Redemption Fund. <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Member Hodges <br />voted in favor thereof: <br />and upon vote being taken thereon, the following <br />Hodges, Rustad, Johnson and Blanchard; <br />-5- <br />