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<br />. . <br /> <br />. <br /> <br />~ <br /> <br /> years shown below and with interest on the deferred balance <br /> of all such assessments at the rate of at least I.aa % per <br /> annum : <br />. Improvement <br />Designation Amount Levy Years <br /> 77-1 ''N',... 1"'-llt7 <br /> 77-2 111,n. 1"....1'" <br /> 71-1 I7f,7U 1171-1lt7 <br /> <br />Said special assessments are such that if collected <br />in full they, together with estimated collections of other <br />revenues herein pledged for the payment of said bonds, will <br />produce at least five percent in excess of the amount needed <br />to meet when due the principal and interest payments on the <br />bonds. <br /> <br />11. For the prompt and full payment of the principal <br />of and interest on said bonds, as the same respectively be- <br />come due, the full faith, credit and taxing powers of the City <br />shall be and are hereby irrevocably pledged. If the balance <br />in the Debt Service Fund is ever insufficient to pay all <br />principal and interest then due on the bonds payable there- <br />from, the deficiency shall be promptly paid out of any other <br />funds of the City which are available for such purpose, and <br />such other funds may be reimbursed without interest from the <br />Debt Service Fund when a sufficient balance is available <br />therein. <br /> <br />. <br /> <br />l2. The Clerk Administrator is hereby directed to <br />file a certified copy of this resolution with the County Auditor <br />of Ramsey County, Minnesota, together with such other infor- <br />mation as he shall require, and to obtain from said Auditor <br />his certificate that said bonds have been entered in the <br />said Auditor's Bond Register. <br />