An annual tax of up to $0.55 per $100 of assessed value is levied
upon all real estate located within the boundaries of the Stoney Creek
Sanitary District, which is subject to local taxation, for the purpose
of constructing, maintaining and operating the water supply and sewerage
systems, to pay the interest on and principal of any bonds issued
by the District, to increase the sinking fund provided for the payment
of any bond issued by the District and for any other purpose permitted
by law.