The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-12-04

THos. HUGHES,
NJ. L. Orr,
ALoSzo LoRlSs.
November 25, 1872.
Since the foregoing was signed mos'
Of the drawings, together with complete
specifications, have been received from
Mr.. Lineville. He accompanies the
papers with a proposition to build the
bridge complete for $650,000 stipula'
ting that the proposition must be &C
cepted before January |, 1873. If &C
cepted, he believes be can build the
bridge next year, and such bridge as
will be equal, and in some respects
superior, to the Baltimore and Ohio
railroad bridges at BeIlsire aud Par
kersburg.
Respectfully, R. II. COCHRAN,
Sec'y w. and o U. K. r. Co.
WHEELING. Dec 3, 1872.
AN ORDINANCE authorizing and direct
| Ing a subscription for and on behalfo OF the
City OF Wheeling to the Capital Stock OF
| the Wheeling and Lake Erie RAILROAD
| Company.
| SECTION Be IL ordained by the Council
the city OF Wheeling that as Com
mi>Sioners in the name on brhaD OF
the city OF Wheeling, subscribe for and take
six thousand shares OF fity dollars each,
| of the cap tai srock OF the Wheeling and
Lake Erie Railroad Company, upon the fol-
| living terms and conditions, VIZ:
First. said subscription shall BE- expended
on that part OF the road OF said Ompany
between the city OF Wheeling and the point
| OF crossing OF the p. Z. and ~. l.. Rsilroad.
| Second. said Company shall construct It's
said road into said city and make It's eastern
terminus, and have It's depot grounds and
| buildings thereon, within the corporate
| limits said city, east OF the east channel
OF the ohio river.
SEC. 2. AS guarantee for the perform
anc- OF the conditions before named, the
| said company Is hereby required TO sub
scribe Tor, take and pay for, four thousand
shares OF the capital stock OF The Wheeling
| and Ohio Union Railroad Company, and
until said subscription IL made by said
company this subscription shall not be
binding.
SEC. 3. The amount OF the subscription
authorized by the Il st section Of this ordin-
| ance shall be paid In The bonds OF the city
| OF Wheeling. at par; and the payments
made by said commissioner, AZ the said
COMP ny sh all progress In the constr uctiOn
o. sad part OF itssald road, on the monthly
estimates OF its Chief Engineer, OF the actual
cost Of the tame.
Provided, however, that II the said com
pany 80 elect, The said commissioners shall
negotiate and dispose OF the said bonds for
the purposes OF this subscription, at the best
price or prices that can be obtained, subject
To the approval OF the said company and
the said commissioners shall, with the
avails thereof, make or cause TO De made
the payments on the estimates aforesaid.
Provided the paymeUk by said commis-
sioners shall not be made any faster than
private subscriptions 10 railroad companies
are required TO be made by the laws OF
Ohio.
SIC. 4. Said bonds shall he payable thirty
| (D) years alter date, in the city OF New
place, al the rate OF seven ~ per cent per
annuIn, payable semi-anDually, free from
city taxation, and for said lnte ct coupons
shall be attached TO each OF said bonds and
shall be delivered on demand ~ said com
any, subject TO the provisions OF secIlon
one i'd commissioners first detschIng
| therefrom aud csnceIling any coupons
which may have maIured.
SEC. ). The guarantee required in section
second Of this ordinance shall be deemed
sufficient, If one-half Of the subscription
therein named shall be made and taken
by the Valley Railway Company Of OHIO
SEC. @. This ordinance shall DC in force
from and after It's passage.
AN ORDINANCE, authorizing and direct
ing subscription for and on behalf OF
the City Of Wheeling 10 the capital stock
OF the Wheeling and Ohio Union Rail-
road Company.
SECTION /. Be 1t ordained by the COun-
Gil OF the city of Wheeling that --a as
com missioner, in the name and on behalf
OF the city OF Wheeling, subscribe for and
take three thousand shares Of one hundred
dollars each OF the capital stock OF the
Wheeling and Ohio Union Railroad Com
pany.
SEC 2. Such subscriptions shall, pro rata
with other subscriptions 10 said company,
be paid in the bonds OF the city OF Wheel
ing, and the payments made by said COM
ml>siOners as said company shall progress
in securing right OF way and In the con-
struction OF It's bridge and railway APP
proaches on the monthly estimates OF lLs
chief engineer. Provided, however, that
II said company so elect, the said commis-
sioners shall negotiate and dispose Of the
said bonds, for the purposes OF this sub
scriptions at the best price or prices that
can be obtained, subject 10 the approval OF
the said company, and the said coTnmiss-
toners shall, with the ayails thereof, make
or cause To be made the payments On the
estimates Aforesaid.
SEC. 3. said bonds shall be payable thir
ty years after date, in the city o. New
York, with interest, payable at the the
same place, al the rate OF seven per cent
Der anuum, payable semi-annually, free
4
| coupons shall be attached 10 each OF said
| bonds and shall be delivered on demand
| OF said company, when an amount equal
and in addition 10 said three hundred
! thousand dollars shall have been bona
| fide subscribed TO the stock OF said COM
pany by other party or parties, said COM
| Inissioners first detaching therefrom and
cancelltng any coupons which may have
| matured.
SEC. 4. This ordinance shall take effect
] 3v1t ND affn tfE
AN ORDNANCE, Providing for the issue,
disbursement and redemption Of the
TO the Wheeling and Ohio Union Rail
road Company" and the Wheeling and
Lake Erie Railroad Company"
SECTION /. BE IL Ordained by the Coun-
Gil OF the City Of Wheeling that -
be and they are hereby appoint
ed Commissioners for and on behalf Of the
City Of Wheeling 70 prepare and cause ~
be printed in proper form three hundred
thousand dollars Of the bonds Of the city,
payable 10 the Wheeling and Ohio Union
Railroad Company or bearer, and three
hundred thousand dollars Of the bonds oi
the city payable 70 the Wheeling and
Lake Erie Railroad Company or bearer
said bonds shall be Of the denomination
of - dollars each, payable thirty
years from their date, al --,i in the
City OF New YORK, with interest, pay able
al the same place, al the rate OF seven pei
cent. per annum, payable semi-annualIy
for which said interest coupons in proper
form shall be attached 70 each OF said
bonds with the signature Of the Clerk o
the City engraved thereon. On presenta
. ton by said Commissioners for that pur
pose, said bonds shall be signed by IN.
Mayor, countsrsigned by the Clerk and
| sealed with the common seal Of the city
and re-deliyered TO said Commissioner
| after the Clerk shall have taken an account
Of the denomination and number Of said
bonds.
SEC. 2. Before such re-deliyery Of SAID
bonds 70 said Commissioners, they shal
each give bond with security, 70 be ap
proved by ths Mayor, In the penalty o