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and used solely to pay the cost m o.t amid improvemeuts and ibr the other pncpwes
specified in said ordinance. Ot the reamalatas premeds of Sewing said bonds,
$ and also the aocr interest to be received upon delivery of
said bonds shall be credited and paid lit* this 20provement hood Redemption Auld of
the Village.
k. In accordance with said eaerdinance, it is.he�by estimated that !Ap-
proximately $1,335,630 principal amt of sneciaL' essesemeets vill be levied on
account of slid Sanitary and Storm Sever and Street Heburfreion improvement upon
properties within the area assessable far sail iagtonerat, as heretofore estsb-
lishsd by the resolnutl oes orderia g the seer, lad rill be available for credit to
the Improvement Hand Redemption ] a><': m r tine east a the improvement is paid in
full; *doh assessments will be paid in 30 equall, annual in stellmeets, oolle otible
with general. taxes of the Vil.' aes is enmeecutive ors somm eating in 1966, with
interest • ct the rate a! 6% per 41004 41. it IS ferthrr estimated that app r oodmate1,y
principal eeaca a t oar speolal aMsesissnls viU be levied=
of the other improvements financed 111 the bonds herein authorised to be Issued,*
and will be aysilab`l+s for credit to the Upr+a!ve■ net Mond Redemption Food after We
cost of such improvements is paid in !OW ehidh asp+ ants will be paid in 15
equal a nnus►l .iastallmenta collectible with gsas sl texas s o! the Yillege in conse-
cutive year' oommeaaing in 1966, with interest at the sate of 6% per annum. T!b
the first installment shall be added interest on the satire easement oo each
property proierty from the' date of adoption► thereof of . until December 31 0! the year in rhi
the first installment is payable, and to each sUbsiguset inetellment shall be
added interest for one rear am the then maid boleros of the assessment. All
moneprs collected therefrom Shell be sand are berg. >paeisted to the Avis
said movements sod to the l ovetsut loud Sedlantlan 7 d, and shall be
accounted for and expended Lithe messier in Olydiaike Ito. 68. The
faith and credit of the Village is also p M for the moat of said bonds and
interest as provided in said off.
5. There is hsrebg nevi 4 s geaeerpl ad tapir Von
property iii the Village flow the ger poise o! perils primaipal of and interest on
bonds hsreia. authorised, *hie* 'shall be weed Sam the saarcyunts pad collectible in
the yours as t llons :
The oollsctions o! said . tames sb U bar crs4 tad mei . Ship tine l eravunent Mond
Redw San Fund of the Village. it Ss, bsrito• stint the collections o!'
the special assesneaeats deseribed4npesegvegit is hereof said taf the taxes
levied, and all ether taxes and esssemmmea. beI et fore levied and appropriated
to said 2nd, vill produce at least fie par oat in mese at the amounts
each year to meet rhea due the principal aced Interest pateiseets ap the bonds
authorised, and an all other bends a! the Villade.pgyible from ibeleproviexst
Bond SedelPtion P.
The notion f r the adoption o! the toregaiag resolution vas dnly
by Number 70t-
, and won Vets being taken thereon, the
voted in