Wilmington daily commercial., 1875-05-08
fsersDual.
- EAIOVAl.
city Ordinances.
A n ORDINANCE,

A \ ORDINANCE,
AT IIlORlXlNG A LOAN UF ONE III NDKED
MD TWENTY-FIVE THOUSAND DOiLAhS
Foh THE CoHSTRt CTION OF A NEW WA
rER REsERVulR, IMPROVING The WATER
Mohks on THE CITY, AND FOR uTiiER
PURPOSES.
,, Mnkhsis, 1ne At OF the General Assembly en-
tilied An additional supplement 10 tile act, emit
Ilru AN drt 10 limit the rlty debt NJ Wilmington and
70 provide Tor the discharge thereof p1sser
harch J, l9l' authorized and empowered the Mayor
% n, ~. ,Uuicii oi ningtOn, under an ordnance OF
lht 'liy council, TO borrow slm Or sums OF money
NO. exceeding N The aggregate one Hundred AID
Iwtniy1tiN Thousand Dollars, IN ad ,illon to Tie
lulti dcbt OF the city Heretofore author ze,i for
new water reservoir ana Tor improving the water
VOTES ot me clly, ANA tor other purposes in said at
mentioned
ARD MHEREts, I'm additional loan is neres.or,
~ ~ pufpose ni constructing ana completing th,.
rsseIvnt' and other oonvenlences Required inr ihe
supply oi wafer 10 lhc cily therefore
Be 4 ordained Iy the Citg CouacR or gPnjot, ,,,o.
MU"s N az He "iembcrs thereof coIturrfdJ:
SEC !. The Finance Committee is hereby nuthor
Heu M M a ilecie 10 ca ise to be Issued. in the name
oi tle mayor and Council OF Wilmington hnn,ls IA
me aggregate amount Of one hundred and twentS
hNc lhUusah dollars aud tie faith and credit Of Ie
same. i''V Va ti'e
sto .. said bonds shall he IN the form now used
or me- pafpost shan he issued In snms OF nfty do
ials' or IA inuhipes Of NIFTY NOT exceeding tlrIy.
hNc hl'lletl dollars. and shall bear If5ftr, Nj INA
da,c @ ~ slA prr celltum per annum, ptt ihe seml-
"nhUlls' On me HIST day Uf Seplpmjt Al i4 ,irst
uhy ol March IA ea' year. clear oi ayes which
may ~ ltEHu upon tie PRINCIPAL nr iutrt,-I i.r,.
" "uthully OF til- state or rt fur NJ ed SI+t,.
SIG ). lie principal Of satd nouI. ii ~ IN. ,,4r
ble as io o"s, to-wit; Thirty hyc uut e. iar.
on ne Hrst DAY nI september, \. H. eighteen, NM,
area hhil setchiN-'lN, Hl Ike iut ui ut,.ty,.
huhuTtd do'lalS on ihc hist gay oi sct,u n.r il,
.hoh an every year there after gnt ami brlndin,,
me lllst cav ui September, A. H. nineteen htlnd,p
hu" zen, and the reilainng sun of twenty-five nm
uftun IafS on tue irst day Of SepIrIIllrr A II |
hIhctetli huhfeh amt eleven: aUd said bonds sha
oe irslle IN series according 10 the time when they
sHaI! seVeIaliS he payable as aforesaid
ehV' 4. FOR the payment and red uDtIon of tha |
pIlhtipil OF The dent Whcn may be contra rtcl nm
ucl thIs OfunhAce, there shhl he appropriated ami
hpple IN The year eighteen hundred and seventv
siA' hHu III eacA year thereafter, until and nc ldn,
ule ytur nineteen hundred and ten he sum or thirtv
IVt hundrtd dollars, aul ia the year nineteen 6nn
l'u al" rltNtu ihe sum OF TWENTY-FIVE hundred
said act, W '''' n'oi.-
SEQ 2. Al money which may be borrowed unf,ur
ths ouluantc Is Hereby anprOaii and Al ali he
applen anu expended for The construction of a nev |
"dteI reservoir, improving the water works Of ihe
.nt, hcIeAslhg ana enlafglng The unyeniences fnr
hup ~ ui Wal-i 10 the city, and for such Other
said act. " "a '''o eiofe-
SEC q. The Financc Committee tx hereby autbn, |
IAsu, ~ lts op ION, 10 dispose Of said bonds Nv snh
~ or To sGli the same ~ public auction 10 me
nlRhest iddef--pIuvldru thut % 1T Thereof sl,au
pe slletl or y III for less than HE par value ''
Pissed at The Clfy Hall, May is,5
JOSHUA MARlS
. President Of the City Connect
AHest-WM'S HAYES CLERK. mavs2i