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area assessable with respect to the improvement will be in a principal amount not less than $2,OOO,GqOpayable in installments with interest as described in those resolutions. For the purpose of providing, with the estimated collections of said special assessments, and capitalized interest, annual sums appropriated to the Water Improvement Bond Sinking Fund not less than 5~ in excess of the amounts required to meet each year when due the principal and interest payments on all bonds now and heretofore issued for this improvement, an ad valorem tax is hereby levied upon alL of the taxable property within the corporate limits of the Village, to be spread upon the tax rolls of each of the years 1963 to 1982, inclusive, in the following respective amounts: Year Amount Year Amount -- 1963 .120,000 1973 $110.000 1964 110,000 1974 110,000 1965 110,000 1975 110,000 1966 110,010 1976 110,000 1967 110,000 1977 110,000 1968 110.000 1978 110,000 1969 110,000 1979 110,000 1970 110,000 1980 110,000 1971 110.000 1981 110,000 1972 110,000 1982 110,000 The foregoing tax levies are in substitution for and not in addition to those con- tained in paragraph 5 of the resolution adopted February 25, 1963, entitled "RESO- LUTION AWARDING SALE OF $1,250,000 WATER IMPROVEMENT BONDS, SERIES 2, AND ESTABLISH- ING THE FORM AND TERMS AND DIRECTING THE EXECUTION AND DELIVERY THEREOF AND LEVYING TAXES THEREFOR". The proceeds of said tax levy are hereby appropriated to the Water Improvement Bond Sinking Fund, together with the special assessments collected afLer the improvement is ccmpleted and the cost thereof paid. The full faith and credit of the Village is pledged for the prompt and full pa.yment of the principal of and interest on the bonds, including any additional bonds issued to complete payment of the cost of Water Improvement No. 62-1, and the Village covenants and agrees with the holders thereof that it will do all acts and things required for the levy and collection of said special assessments, and of any taxes required by law, by reason of the issuance of such additional bonds, all as more fully set forth in said reso- lutions dated November 7, 1962. 6. The Village Clerk is hereby authorized and dire~ted to file a certi- fied copy of this resolution with the County Auditor of Ramsey County, together with such other information as he shall require, and to obtain from said County Auditor a certificate that said bonds have been entered on his bond register. 7. The officers of the Village and the County Auditor of Ramsey County are hereby authorized and directed to prepare and furnish to the purchaser of the bonds and to the attorneys approving the legality of t.he issuance thereof certified copies of all proceed1D.ll:s and records relating to said bonds tUld to the financial affairs of the Village, '1od such other affidavits, certifieates and information an ..8-