The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-01-19
ACKNOWLEDGEMENTS
ELECTION NOTICE

ELECT TON NOTICE
TO the QualIfied Voters Of tn,
City OF wheeling.
WHEREAS, The Council OF the City o
! 1877, adopt an ordinance In words ant
figures as follows, that In to say: Iiaa1 g
| An ORDINANCE to provide for the issue ant
sale Of bonds by the City Of Wheeling
and for the payment and redemption
thereof: r3sI H aJGFU Uas. ]. Ta
SEC. 1. Be u Ordained by the Council o
the Guy OF Wheeling: That for the purpose
of providing means for the payment OF thu
outstanding and unpaid city orders, and
the payment Of the oyercheck OF the Re
ceiver of the City OF Wheeling on the Ex
aud Clerk of the City Of Wheeling be and
they are hereby authorized and directed
to make, and on the LIST day Of March, A
D., 1871, or as soon thereafter as practical
after appointed the bonds Of said city, in
sums Of $500 each, 70 the amount OF One
Hundred and Twenty Thousand Dollars,
payable on or before the LIST day Of March,
A. D., 1907, at the Exchange Bank OF
Wheeling, In the City Of Wheeling, with
mum, the interest to be payable on the lst
day Of March ana September in each year,
at the said Exchange Bank, Tor which
interest coupons In proper form shall be
of the Clerk OF the city engraved thereon
the said bonds TO be signed by the Mayor,
countersigned by the Clerk, and sealed
with the seal OF the city, The City OF
Wheelinahereby reserves the right TO re.
deem at It's par value any one or more OF
said bonds on or at any time after the LIST
day OF March, A. D.. 1887. o..
SEC. 2. Be IL further ordained, That Nor.
gan l.. OFT, Elijah j. Stone and samuel
Laughlin be and they are hereby ap.
pointed COMMISSIONERS and they are here
by instructed and empowered to 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 thall be
sold at less than Its par value In cash.
SEC. 3. That the proceeds arising from
the sale Of said bonds shall be paid out TO
such person or persons as the Council OF
said city shall rom time TO time order or
direct; provided, however, that no part OF
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.
SEC. 4. That to secure the punctual pay
ment of said bonus and &C upons accord.
OF said city shall, on the 18th day oil
August, 1877, and on the 18th day OF Febru.
airy, and 18th day Of August In each and
every year thereafter, pay TO said COM
missioners out OF any monies In mis- hands
TO the credit of the said city until said
the sum of three thousand and six
hundred dollars; and that the said Re-
clever shall also, on the 18th day OF Febru-
airy, 1887, and on the 18th day OF February
: =. n or nj
said bonds shall have been fully. paid
out OF any monies in his hands 10
the credit of said city, pay to the said
Commissioners I'm addition TO the afore.
mentioned sum) the sum OF six thouta and
dollars. The receipt OF said Commission
ers for said monies shall be fled 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, 1887,
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, to the
redemption Of the outstanding bonds
ssued under this ordinance, at a rate not
greater than their par value. lfsaid bonds
cannot be redeemed with the consent Of
the holders at their par value Tor less,(
zen 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 adver.
tisement published for two weeks in some
newspaper printed in the City OF Wheel
ing, OF the numbers of the bonds to be re-
deemed, and such 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 to deliver TO the Clerk Of the city the
bonds and coupons paid by them, at least
once in every year, or ofLner II SO required
by Council, and the Clerk shall preserve
the same in q book to be provided Tor that
purpose.
missioners to keep true account OF thelr
same to Council annually, and at such
other times as Council shall order
SEC 8, The Council of said city may for
cause remove any one or more OF said
Commissioners or their successors, and
the Commissioners or theirsuccessors may
resign by giving notice in writing 10 the
nayor or Clerk of the city. Any vacancy
shall be filled by the Council.
SEC. 8. That no one shall act as Com.
missioner under this ordinance until
he shall have given bond with secu-
rity to be approved by Council In the
uenalty 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 COMMISSIONER
under AN ordinance of the City of Wheel
ing, entitled "Au ordinance 10 provide for
the issue and sale of bonds by the City OF
Wheeling, and for the payment and re-
demption thereof, and hath accepted SAID
appointment: Now, therefore, II the SAID
10 Conn
missioner, shall in all things faithfully
and diligently discharge the duties OF such
Comm SSioner, aud shall well ana truly
account for and pay over to such person
or persons as may be emitted 10 receive
the same, all moneys which shall come
into his hands or control as such Commits
sioner, then shall the foregoing obligation
be void; otherwise TO remain in iull force
and virtue.
IN Issioners to enforce each and every pro-
vision OF this ordinance (relating To his
duties) according to its true intent and
meaning, and any failure upon the part OF
any one of The commissioners to comply
with and perform any duty prescribed by
this ordinance shall be deemed forfeiture
SIC. ii. That before the Commissioners
shall make any sale OF said bonds they
shall advertise in the German paper ana
the daily newspapers OF the CITY or Wneel-
ing, the Tune anu pldce YIN Saiu oityJ thae
they will receive bids for said bonds.
Should the bids exceed the amount OF
bonds to be issued, the commissioners
shall apportlon them among tnose DID,
ding the greatest price,
SEC. IL. The Commissioners shall re-
ceiye as a compensation for their services
one-halt of one per cent. on the amount
disbursed by them under this ordinance;
provided however, that shey shall not be
entitled to 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
of the City of Wheeling.
SEC. H. This ordinance shall take ehect
from aud after its ratification by the qnali-
fled voters OF the City OF Wheeling, at an
election to be held on the 18th day OF
January, A. ID. 1877.
And Tiereas, II is provided by the third
section of an act of the Legislature OF West
Virginia, entitled IAN act authorizing
municipal corporations to issue bonds,
approved December I'd. 1879 that when
The Council of any city should deem II eX-