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<br />9. To provide moneys for the payment of said principal and <br />interest there is hereby levied upon all of the taxable property <br />in the village a direct annual ad valorem tax which shall be <br />spread upon the tax rolls and collected with and as part of, other <br />general property taxes in said Village for the years and in the <br />amounts as follows: <br /> <br />Year of 'l'ax Year of 'l'ax <br />Levy Collection Amount <br />1968 1969 . 45,600 <br />1969 1970 47,300 <br />1970 1971 48,200 <br />1971 1972 47,100 <br />1972 1973 46,000 <br />1973 1974 44,900 <br />1974 1975 43,800 <br />1975 1976 42,600 <br />1976 1977 41,500 <br />1977 1978 40,300 <br />1978 1979 39,200 <br />1979 1980 38,000 <br />1980 1981 36,800 <br />1981 1982 35,600 <br />1982 1983 34,400 <br />1983 1984 33,200 <br />1984 1965 31,900 <br />1985 1986 30,700 <br />1986 1987 29,400 <br />1987 1988 28,200 <br />1988 1989 26,900 <br />1989 1990 <br /> <br />Said tax shall be irrepealable so long as any of said bonds <br />are outstanding and unpaid, prov:Lded that the Village reserves <br />the right and power to reduce the levies in the manner and to the <br />extent per.mitted by Sec. 475.61 (3) M.S.A. <br /> <br />For the prompt and full payment of the principal of and <br />interest on said bonds, as the same respectively become due, the <br />full faith, credit and taxing powers of the Village shall be and <br />are hereby irrevocably pledged. <br /> <br />-7- <br />