City Council shall annually levy a sum sufficient to pay the interest, bond retirement fund, and retirement charges on all bonds and notes of the City of Middletown, heretofore or hereafter authorized to be issued, and the expenses incident thereto. This entire levy shall be outside of limitations provided in this Charter, but subject to limitations imposed by general law and placed before and in preference to all other levies. Amounts certified under the laws of Ohio as necessary for such purpose shall not be subject to change by City Council.
(Amended 11-6-1951; 11-7-2000)