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<br />1 <br /> <br />any, then on deposit in the Interest and Sinking Fund to pay the <br /> <br /> <br />interest and principal, if any, scheduled to come due on the Cer- <br /> <br /> <br />tificates on the next interest payment date. The Interest and <br /> <br /> <br />Sinking Fund shall be used to pay the principal of and interest <br /> <br /> <br />on the Certificates as such principal matures and such interest <br />comes due. <br /> <br />1 <br /> <br />Section 10. All ad valorem taxes levied and collected <br /> <br /> <br />on account of the Certificates shall be deposited, as collected, <br /> <br /> <br />to the credit of the Interest and Sinking Fund. During each year <br /> <br /> <br />while any of the Certificates or interest coupons appertaining <br /> <br /> <br />thereto are outstanding and unpaid, the City Council of said City <br /> <br /> <br />shall compute and ascertain a rate and amount of ad valorem ta.x <br /> <br /> <br />which will be sufficient to raise and produce the money required <br /> <br /> <br />to pay the interest on the Certificates as such interest comeE; <br /> <br /> <br />due, and to provide and maintain a sinking fund adequate to pay <br /> <br /> <br />the principal of the Certificates as such principal matures (but <br /> <br /> <br />never less than 2% of the original principal amount of the Certi- <br /> <br /> <br />ficates as a sinking fund each year); and said tax shall be based <br /> <br /> <br />on the latest approved tax rolls of said City, with full allowance <br /> <br /> <br />being made for tax delinquencies and the cost of tax collection. <br /> <br /> <br />Said rate and amount of ad valorem tax is hereby levied, and is <br /> <br /> <br />hereby ordered to be levied, against all taxable property in said <br /> <br /> <br />City for each year while any of the Certificates or interest <br /> <br /> <br />coupons appertaining thereto are outstanding and unpaid; and said <br /> <br /> <br />tax shall be assessed and collected each such year and deposi,ted <br /> <br /> <br />to the credit to the Interest and Sinking Fund. Said ad valorem <br /> <br /> <br />taxes sufficient to provide for the payment of the interest on <br /> <br /> <br />and principal of the Certificates, as such interest comes due <br /> <br /> <br />and such principal matures, are hereby pledged irrevocably for <br /> <br /> <br />such payment, within the limit prescribed by law. <br /> <br /> <br />It is specifically provided that to the extent necessary <br /> <br /> <br />the payments into the Interest and Sinking Fund as hereinabove <br /> <br /> <br />required shall be made from funds derived from taxation. The <br /> <br /> <br />amount of taxes to be provided annually for the payment of principal <br /> <br />I <br />