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sold in such manner and have such other details as are deemed necessary or advisable. .The City may sell all or part of the Bonds along or contemporaneously with any other general obligation bonds or with any general obligation bond anticipation notes of the City. 2. The full faith and credit of the City shall be and hereby is irrevocably ~ledged to the payment of the principal of and interest on the Bonds as the same become due. In each year while the Bonds, or any of them, are outstanding and un~aid, there shall be assessed, levied and c~llected, upon all property within the City subject to taxation by the City a tax sufficient to provide for the payment of the principal of and interest on the Bonds as the same become due. 3. The p~oceeds of sale of the Bonds shall be applied to the payment of the costs of the public improvement projects described below in substantially the amounts set forth opposite the descriptions of the respective projects: PROJECTS AMOUNT Drainage, Curb, Gutters and Street Improvements $415,000.00 provided, that if any such project shall require less than the entire respective amount set forth above, the difference may be applied to pay the cost of any other project so set forth. 4. In anticipation of the issuance of the Bonds and the receipt of the proceeds thereof, the~e are hereby authorized to be issued and sold four hundred fifteen thousand dollars ($415,~0~) aggregate principal amount of general obligation bond anticipation notes of the City (the "Notes"). The proceeds of the Notes shall be applied for the same purposes and in the same respective amounts as are specified in paragraph 3 with respect to the application of the proceeds of the Bonds. The Notes may be issued in their entirety at one time, or in part from time to time, at any time; shall mature and be payable within two years from their date; and shall be sold at competitive or negotiated sale at not less than par plus interest accrued thereon from the date thereof to the date of the delivery thereof and payment therefor and on such other terms and conditions as are determined by the Director of Finance o~ the City. The City may sell all or part of the Notes alone or contemporaneously with any other general obligation notes or with any general obligation bonds of the City. There may be prepared and distributed a preliminary and a final Official Statement relating to any Notes in such fo~m as shall be approved by the Director of Finance. The issuance and details of such Notes shall be governed by the provisions of Section 15.1-223