12-01-1969 VCM - Laserfiche WebLink

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be done, all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessment be at any time held invalid with respect to any lot, piece or parcel of land due to any error, defect, or irregularity, in any action or proceedings taken or to be taken by the Village or this Councilor any of the Village officers or employees, either in the making of such assessments or in the performance of any condition precedent thereto, the Village and this Council will forth- with do all such further acts and take all such further pro- ceedings as may be required bylaw to make such assessments a valid and binding lien upon such property. 9. To provide moneys for the payment of said principal and interest there is hereby levied upon all of the taxable property in the Village a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of, other general property taxes in said Village for the years and in the amounts as follows: Year of Tax Year of Tax Amount Levy Collecti'on 1969 1970 $ - 1970 1971 1971 1972 3,000 1972 1973 3,000 1973 1974 5,000 1974 1975 5,000 1975 1976 5,000 1976 1977 3,000 1977 1978 1978 1979 , " Said tax levies are such that if collected in full they, together with estimated collections of special assess- ments for the payment of said bonds, will produce at least five per cent in excess of the amount needed to meet when due the principal and interest payments, on the bonds. Said tax levies shall be irrepealable so long as any of said bonds are outstanding and unpaid, provided that the Village reserves the right and power to reduce the levies in the manner and to the extent permitted by Sec. 475.61(3) M.S.A. For the prompt and :tuIl payment. of'~- the-: p,rincipaL_ of and interest on said bonds,; as' 1;he: same-: r_e-sp~ecti::vely" -6-