The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-01-16
ACKNOWLEDGEMENTS
ELECTION NOTICE
To the Qualihed Voters Of the
CITY OF " heeliuG.

To the Qualihed Voters Of the
Cily OF N heeling.
WHEREAS, The Council OF the City OF
Wheeling did, on the 9Th day OF January,
lsT, adopt an ordinance In words and
figures as follows, thai 10 70 say: ..
An ORDNANCE to provide for the issue and
sale Of bonds by the City Of Wheeling,
and for the payment and redemption
thereof:
SEC. i. Be il Ordained by the oOunca o,
the CITY OF Wheeling: That for the purpose
OF providing means tor the payment OF the
outstanding and unpaid city orders, and
the payment OF the overcheck OF the Re
ceiver OF the City OF Wheeling on the Elk
change Bank OF Wheeling, the Mayor
aud Clerk OF the City Of Wheeling be aud
they are hereby authorized and directed
TO MAKE, and on the LIST day Of March, A.
u, ISL, or as soon thereafter as practlca-
Bile, deliver 70 the commissioners herein
after appointed the bonds OF said city, in
sums OF sou each, 10 the amount OF One
Hundred and Twenty Thousand Dollars,
payable on or before the LIST day Of March,
A. D., 1877, at the Exchange Bank OF
Wheeling, in the City Of Wheeling, with
interest ~ the rate of six per cent per an
day Of March ana September in each year,
at the said Exchange Bank, Tor which
interest coupons in proper form shall be
attached to each bond, with the signature
OF the Clerk OF the city engraved thereon;
the said bonds 70 be signed by the Mayor,
countersigned by the Clerk, and sealed
with the seal OF the city. The City CT
Wheellng5hereby reserves the right 70 re-
deem AT It's par value any one or more OF
said bonds on or at any time after the lst
day OF March, A. D.. Isl.
SEC. 2. Be further ordained, That Nor.
gan L. OFT, Elijah J. Stone and samuel
Laughlin be and they are hereby APP
pointed Commissloners,audt they are here
by instructed and empowered 10 sell said
bonds in the manner provided by chapter
one hundred and forty one OF the act OF
1878, OF the Legislature OF West Virginia;
provided, however, that no bond than be
sold al less than its par value In cash.
SEC. 3. That the proceeds arising from
the sale OF said conds shall be paid out 10
such person or persons as the Council OF
said city shall from time to time order or
direct: privided, however, that no part OF
the same shall be paid out by them for any
other purpose than in payment OF the
outstanding city orders and the overcheck
of the Receiver of said city on the Ex-
change Bank OF Wheeling.
SIC. l. That 70 secure the punctual pay
ment Cf said bon 5 and &C upons accord
ing 10 their tenor and effect, the Receiver
OF said city shall, on the 18th day OF
August, lS0, and on the 18th day Of febru-
airy, and 18th day 81 August in each and
every year thereafter, pay TO said COM
missioners out OF any monies in his hands
10 the credit Of the said city until said
bonds shall have ber fully paid
the sum OF three thousand and six
hundred dollars; and that the said Re-
clever shall also, on the 18th day OF Febru.
airy, ISL, and on the 18th day OF February
in each and every year thereafter until
said bonds shall have been fully paid
out OF any monies In his hands 10
the credit OF said city, pay 20 the said
Commissioners un addition to the afore.
mentioned suml the um OF six thousand
dollars. The receipt OF said Commission
ers tor said monies shall be d ed with the
Clerk of the city by the Receiver.
SEC. 5. The Commissioners, out OF the
monies received by them from the Re
clever under This ordinance, ihall pay the
coupons issued with said bonds, as they
become due, and after payment OF the
same shall, on the LIST day OF March, 1857,
and on the LIST day Of March in every year
thereafter, apply the residue OF the
monies then remaining in their hands.
together with any further sums placed
under their control for the purpose, 70 the
REDEMPTION of the outstanding bonds
ssued under this ordinance, at a rate not
greater than their par value. II said oonds
cannot be redeemed with the consent OF
the holders at Their par value Tor less,l
tb en- In such case the bonds TO be redeemed
shall be determined by lot by said Com
miesiOners, who shall thereupon give
notice TO the holders thereof, by adyer-
tisement published for two weeks in some
newspaper printed IN the city OF Wheel
deemed, and sucn bonds shall cease TO bear
interest from the first day OF March OF the
same year.
SEC. 8. /; shall be the duty Of the Com
missioners To cancel as they are Redeemed,
and t. deliver 10 the Clerk OF the city the
bonds and coupons paid by them, at least
once in every year, or Of ner II so required
by Council, and tRe Clerk shall preserve
the same in book 10 be provided tor that
purpose.
missioners to X. ep a true account OF their
receipts and disbursements, and report the
same 10 Council annually, aud at such
other times as Council shall order.
SEC. S. The Council OF said city may lot
cause remove any one or more OF said
OF their successors, and
the Com issioneIs or theirsucceSsors may
resign by giving notice in writing 10 the
1ayOr or Clerk OF the city. Any vacancy
shall be filled by the Council.
SIC. 9. That no one shall act as a Com
missioner under this ordinance until
he shall have given bond with secu-
rity 10 be approved by Council In the
penalty OF fifteen thousand dollars, which
bond shall be conditioned TO the following
effect:
The condition OF the above obligation is
such that. whereas, the above bound A. Il.
has been duly appointed a Commissioner
under an ordinance of the city OF meet
ing, entitled An ordinance 10 provide LOT
the issue aud sale OF bonds by the City OF
Wheeling, and for the payment and re-
dempi ON thereof, and hath accepted said
Now. therefore, II the said
A. B. during his continuance as SUCH ON
missioner, shall in all things faithfully
and IIiEently discharge the duties OF such
>Sioner, aud shall well and truly
account for and pay over TO such person
or persons as may be entitled 10 receive
the same, all moneys which shslI come
into his hands or control as such tonnls-
sioner, then shall the foregoing ooligation
be void: otherwise 10 remain in iuIl force
and virtue.
SEC. II. II shall be the duty OF the Com
misSioners TO enforce each and every pro-
vi ,ion OF this ordinance trelating 10 ms
duties according 70 It's true intent aha
any one OF The Commissioners 10 comply
with and perform any duty prescribed by
this ordinance shall be deemed forfeiture
OF his bond. "
shall make any sale OF said bonds th'y
shall advertise In the German paper and
the daily newspapers OF the City OF wheel
ing, the time and place tin said city that
they will receive bids for said bonds.
should the bids exceed the amount OF
bonds to be iSsuei. the commissioners
shall apportlon Them among those DID,
ding the greatest price.
SIC. II. The Commissioners shall re-
ceive as a com pensatiou for their services
one-hali OF one per cent. on the amount
dishursed by them uAder this ordinance;
provided however, that shey shall not De
entitled 10 any compensation for the dis
bursement OF the proceeds OF the sale OF
the bonds
SEC. IL. That the bonds and coupons Is
sued under this ordinance shall not be
subject u taxation by or under authority
-. IN - f'ffv uf Wheeling.
SEC a. This ordinance shaii take enec'
from and amer its ratification by the qnsli-
ted voters OF the City OF Wheeling. AZ an
election to be held or the 18th day OF
January. 4. n. is11.
And tChersdI. IL Is provided by the third
section of an act OF tue Legislature of West
Virginia, entitled IAN act authorizing
muTIcipal corporations 10 issue bonds,
approved December ID, 1873 that when
The Council Of any city should deem II ex-
paSiient to issue any binds OF sub city,
that an ordinance specifying the purpose
and amount ior which such bonds are 70 re
issued, shall b. adopted By such Council.
a. H.. ~ In n