If the tax first levied shall prove insufficient to complete the improvement or to pay the bonds, both principal and interest, issued by the board of commissioners for such improvement, as the same shall become due and payable, the board of commissioners shall, from time to time, report the amount of the deficiency to the chancery court; and said commissioners shall make such levy or levies upon the property previously assessed for a sum or sums sufficient to complete the improvement and to pay the bonds and interest in the manner as the first levy above provided.
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