Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1860-11-30
80 years 100 1901.

II the city purchase or redeem at q rate below
par, the canceIng to be in aratio lHrger. TbeWhOle
yearly levy, moneys other means 50 to he created
and set apart uEed benefit of this flrFs
per cent. issue only The first purchase or redemp-
ton of said bonds to take place twelve months from
first day of July, eighteen hundred and sixty. that
being the date of the three bonds and there
after to continue regularly, yea by year. m ratio Of
plan provided; If city does not elect to redeem aud
cancel these three per csntum BOiils earlier nd
the city has also agreed In of one years
detanitt payment OF interest tcase of years
default in redeentng annually the proportion of the
principal according TO agreement, the three percent
bonds shall stand and payable on demand
Withinterest from date of rxt DEFAULT at the rate Of
six per cent per annum; mud has also agreed to make
no better terms Of eompromfse, than iHese compro-
conditions offer or R1OWn, with holders OF other
of said old bonds Of the class here Compounded be-
fore the redemption of the new SIX per cent and
three per cent bonds before mentioned; and has also
agreed that the money levied and collected for sink
ing and cAncelfng of the issue of bonds by this 0T
nance PROVIDED for. s9l be kept separate from all
other city funds and shall be applicable exclusively
for the purpose of said sinking funds agreed to be
provided or which in this ordinance Is mentioned;
and that all redeemed and purchased bonds shall be
forthwith cancelled, in some usual and sftectual5
mode, and that the city will execute any other or
turthar deed deeds of trust or conyeyance yrfe
may be deemed advisable OF necessary hefeafe. ms
I'll all th6 bonds are redeemed or pdi. And where
a. ~ was also agreed that the city should also make
provision Tor the amount of said six per cent new
bonds payable in twenty years BIZ Ieyying snfdcient
tax OF otheFise to meet the interest accrung there
on han %eaEy and m annual sinking fund Sufficient
tne ho!e amount OF sad SIX per cent bonds
within their maturity to be held solely Bic TO
o. SAID sig per cent bonds and TO create
trust % receive The money 70 be raised by taxation
or other wise to pay interest as it falls due and to
vest annual the sinking fund In said six per cent
ponos, ~ ths rate ut which they can bepnrchasel
SIC. 8. be It fnl Their ordained that said agree
Inents or contr3ets together yith such as ans en-
dotSed on the bonds 6eloF6 and oyer+lIe
names ctthe Mayor and Clerk are approved and rati-
ned and that TO provide and maintain afd FfJkIn0
payment OF Interest and redemption Of
principal according to the tenor aud effect Of said
bonds and the agreement and endorsement thereon
te CITY doth pledge Itself its revenues income and
SIC. Ne it further Ordained, hat it shall be tho
the Gouucti OF the city yearly to create and
set apart such sinking fund, and make all proper
Orders in good nn proper and suffIcient form and
time for ding paying and placing the sameiu
possesSion and OF lid tTIstoes or I5srsilns
,layinS charge Of said siIiStnp 1Ind md f+1st
s9eh trustees or trnStee to the commissioners OF
Of sinking fund and that it shall be
In the ordnance mentioned arc faithfully executed
anu proAptly from time to time, to apply the same
s @ interest ms the coupons become
as t g me and payment of the Irin-
epal OF the debts according 10 the intent and mean
ing o. what y In this ordinance mentioned and de-
Bee s. Be It further ordained that 1t shall be the
9nty Of the city keep separate aud
etstinet decount Of the revenues taxes aid money
from time to time apart and devoted to d sinE
ing tLud l0r made part thereof =
zSECG. cit further Ordained, that Co secure the
creation and preseEvati said ami
the phnetua payment Of coupon or sefffanDIlan In
sta!ments Interest nccruing said bonds aud to
secure the redenip of the said bonds
as we'll rs the coupons 10 the feSor md
elect thereg and faithful application Of asntdtient
incomes and taxes other
monies Or effects Of the. pay said interest and
% pay 4ait bonds; a5 q:
OF the Mayor OF the city e hereby directed
ana authorized to seal acknowledges for record anl
deliver Scent deed or inStrli6snt
soDle3Els Brady and IS trustees in
snen usual pEovisions for
sac M trust In as IS pro-
S!ge18 the code ana e1n
ana may