Laserfiche WebLink
<br />11. To provide moneys for the payment of said <br />principal and interest there is hereby levied upon all of <br />the taxable property in the Village a direct annual ad <br />valorem tax which shall be spread upon the tax rolls and <br />collected with and as part of, other general property taxes <br />in said Village for the years and amounts as follows: <br /> <br />Year of Tax Year of Tax <br />Levy Collection Amount <br />1972 1973 $64,050 <br />1973 1974 35,850 <br />1974 1975 37,750 <br />1975 1976 391500 <br />1976 1977 4l,100 <br />1977 1978 42,550 <br />1978 1979 43,950 <br />1979 1980 45,200 <br />1980 1981 49,200 <br />1981 1982 81,100 <br />1982 1983 79,300 <br />1983 1984 77,400 <br />1984 1985 75,450 <br />1985 1986 73,450 <br />1986 1987 71,300 <br />1987 1988 69,050 <br />1988 1989 66,700 <br />1989 1990 64,350 <br />1990 1991 85,250 <br />1991 1992 80,950 <br /> <br />Said tax levies are such that if collected in full <br />they, together wi th es timated collections of special assess- <br />ments and other revenues pledged for the payment of said <br />bonds, will produce at least five per cent in excess of the <br />amount needed to meet when due the principal and interest <br />payments on the bonds. <br /> <br />Said tax levies shall be irrepealable so long as <br />any of said bonds are outstanding and unpaid, provided that <br />the Village reserves the right and power to reduce the levies <br />in the manner and to the extent permitted by Sec. ~75.61(3) <br />f'.1.S.A. <br /> <br />For the prompt and full payment of the principal <br />of and interest on said bonds, as the Dame respectively become <br />due, the full fai th, credit and taxinp; powers of the Villa[",e <br />shall tJe and are hereby irrevocab ly pledged. <br /> <br />-8.- <br />