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The County covenants and agrees that each year it will include
in its budget and levy annually a tax upon all the property 1n the County
subject to taxation in an amount sufficient to pay the principal of and
interest on the Bonds as the same shall become due. All of such taxes
so collected shall be paid into such Bond Redemption Fund.
The County hereby irrevocably pledges that the annual tax
provided for herein to be levied for the payment of such principal and
interest shall be within and as a part of the tax levy permitted the
County without a vote of the people, and that a sufficient portion of
such annual tax to be made by the County prior to the full payment of
the principal df and interest on the Bonds will be and is hereby pledged
and appropriated for the payment of the principal of and interest on the
Bonds as aforesaid.
The full faith, credit and resources of the County are hereby
pled~ed for the annual levy and collection of such tax and for the
prompt payment of the principal of and interest on the Bonds as the
same shall become due.
Section 8. The Jefferson County Auditor is hereby authorized
and directed to advertise the Bonds for sale in the manner required by
law,
Upon the sale of the Bonds the proper County officials are
hereby authorized and directed to do everyth~ng necessary for the prompt
execution and delivery thereof and for the proper application and use
of the proceeds of such sale.
PASSED by the Board of County Commissioners of Jefferson
County J Waohlni~ton J at n rcr;ula:r meeting thereof held thls 2lnt dny
of July I 19(,9,
7.
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