The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1877-02-17
The Sinking Fund order.
Passed February 4. 1877

Passed February 4 1871.
Be II Ordered BY tie A1yor, Recoy
der men Of the Tom Of Weston, Tha
in order to provide permanent mean
10 meet tho principal Of the bonds o
tho town Of Weston, issued in paymen
of its subscription Of six thousand dol
lars heretofore made to the capita
stock Of the Weston and West FOyl
Railroad Company, for The redemption
Of which tho faith Of the town is here
by pledged, q fund TO be called thr
Weston Sinking Fund, is hereby crea
atcd and established. For tue purpose
of managing, preserving and applying
said fund, W. G. Bennett, u. W.
Harrison aud Allen Simpson are here.
by appointed Commissioners. to DO
called commissioners Of the Weston
Sinking Fuad," to continue such until
removed by the Council aud any va.
caucy therein shall DO filed b. tho
Council.
To sustain said fund there shall au-
uually, until the liquidation of said
debt, at the same time at which the
ordinary levieS are laid, b levied on
the taxable property Of the town a tax
sufficient to produce SUN equal to Eve
per centum Of the amount Of the dlbt,
10 order that the principal may DO
sunk in 20 years, unless that per
ccu.um, or part Of it, should DO de-
rived from the towns stock 10 said
Company, 10 which case said levy may
be less. Said levy shall be collected as
other lcvies, and BY the same officer /;
and said officer shall make With the
Council a settlement separately ofsucb
Sinking Fund levy at the same time
annually with bis settlement Of other
lsyies, 20 that the Council may have
at all times an exhibit Of said fund
And The proceeds thereof shall be due
from such officer a. the same time as
the proceeds Of other leyies. And all
dividends On the stock Of tho town in
said Railroad Company, shall g. into
said fund.
Tho proceeds Of said levies and the
said dividends shall be paid 10 the
Commissioners Of the Sinking Fund.
Sail Commissioners shall keep tho
moneys Of said fund on deposit in the
National Exchange Bank Of Weston,
until another depository DO designated
by the Council, to the credit Of the
Commissioners Of the Weston Sinking
Fund; and the same shall be subject
to the orders of said Commissioners.
The said fund ia hereby pledged and
set apart, and shall DO applied by said
Commissioners, until the liquidation of
said debt, in discharge of the principal
Of said bonds. or to tho redemption Of
any Of them at any time a. tho lowest
rate, not more than par, attaiuable
Said Commissioners may give notice
by publication 10 u newspaper Of this
county, requiring tho holders Of any
specific bonds by their number to pre-
sent the same for redemption,a limo
aud place 10 DO designated, and alter
such time such particular tonds shall
cease to bear interest
Two Of said Commissioners shall
constitute a quorum for business
They shall keep a record Of their pre-
ceediugs, and shall for each year eud.
ing on the 3lst Of December, report to
tho Council in detail tho state Of said
fund, showing the amount paid into
their hands. tho disposiIi W thereof,
and such other matter as will fully ex-
hibit the condition Of the fund All
bonds redeemed BY said Commissioners
shall be at once thoroughly cancelled
by cutting through, and be returned to
the Council. aud preserved.
This order shall be deemed part OIL
tho contract between tho town Of Yves.
ton and the holders Of its said bonds
A copy from the journal.
J. NJ. HAMILTON, Recorder.
- Dr.. A. VI. DBNr has located
permanently in Weston for the practice
Of bis profession. Having attended a
thorough course Of lectures at Sterling
Medical College, aftOr an experience
Of twelve years as practical druggist,
the Doctor has obtained not only az ac-
curatO knowledge Of diseases. but also.
frnrn his lnnr AZ nnrienca ns n Hrnnnisf