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perform as soon as they may be done, all acts and things <br />necessary for the final and valid levy of such special <br />assessments, and in the event that any such assessment be <br />at any time held invalid with respect to any lot, piece <br />or parcel of land due to any error, defect, or irregular- <br />ity, in any action or proceedings taken or to be taken by <br />the Village or this Council or any of the Village officers <br />or employees, either in the making of such assessments or <br />in the performance of any condition precedent thereto, the <br />Village and this Council will forthwith do all such further <br />acts and take all such further proceedings as may be required <br />by law to make such assessments a valid and binding lien upon <br />such property. Said assessments shall be payable in equal, <br />consecutive, annual installments, with general taxes for the <br />years shown below and with interest on the deferred balance <br />of all such assessments at the rate of % per annum: <br />Improvement <br />Designation Amount Leyy Years <br />10. It is hereby determined that the estimated <br />collections of said special assessments for the payment <br />of said bonds will produce at least five per cent in excess <br />of the amount needed to meet when due the principal and <br />interest payments on the bonds. <br />For the prompt and full payment of the principal <br />of and interest on said bonds, as the same respectively <br />become due, the full faith, credit and taxing powers of <br />the Village shall be and are hereby irrevocably pledged. <br />11. The Village Clerk is hereby directed to file <br />a certified copy of this resolution with the County Auditor <br />of Sherburne County, Minnesota, together with such other infor- <br />mation as he shall require, and to'obtain from said Auditor <br />his certificate that said bonds have been entered in the said <br />Auditor's Bond Register. <br />12. The officers of the Village are hereby autho- <br />rized and directed to prepare and furnish to the purchaser <br />of said bonds, and to the attorneys approving the legality <br />of the issuance thereof, certified copies of all proceedings <br />0 -7 <br />