The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-01-06
Il be Issued only for the

disappointed Commissioners, ana they are hereby
empowered and instructed 70 sou Wy ~
provided by Chapter Of tho Acts Of loi2S Of Ihe
Legislature Of West VI, giniA, -, ..,..,,...,..
SIC. g. The said bonds shall De bSued on! ZOE tne
FIntEPayiiig the outstanding city orders and
other floating Indebtedness OF tho city win inter
est thereon, amounting TO two hundred aud seven
Recommendations and rcdccming tho unpaid bonds
Of The loan OF June 18Th, 1871 with interest thereon
amounting to seventy.slx thousand dollars;
NJ thH Gan ~ MsFch lT. iSsS with interest there
or, amounting to ten thousand dollars
Fourth-Iaying the due and unpaid Interest on
che loan OF August q. 1851. amounting TO seven
The saId Commissioners shall devote out Of the
proceeds arising from the Sale q said bonds an
amount not exceeding said sum otsOI wv the pay
tu6nt VI Outstanding orders and other outstanding
indebtedness OF the city, and interest thereon,
which money so devoted ~ tue payment Of the
outstanding floating III iebtedncS shall DC paid BY
said Commissioners to such poison o. petsJns ~
the Council OF said CITY shall from time TO time
direct.
ii tho holders Of any Of tho bonds lssued under
said ordinance Of June 18Th, 1871, and March I'm,
1870 shall at the sale OF bonds issued under this
ordinance Us authorized by Section Nine OF Chapter
III o; tho acts OF isT35 have, offered 70 pay for
bonds OF tins issue In bonds Issued lander said or.
dinAuces Of 1871 and lST5 tfc
may In their discretion, upon considering the
terms Of such otferi exchange the new for the old
bonds
For tho redemption OF such Of tho bonds Is.
sued under said ordinances OF 1871 and 1915 aS thRl
not be exchanged, and can not DO purchased Of
their par value, the said Commissioners shall hold
sufficient quantity Of the bonds iSsned under this
ordinance until by the terms Of said ordinances Of
1871 and 1875 respectively, tchnlte amount shall
be required sinking fund for said loans OF lsIl
and 1875 respectively; and they shall then sell a
sufficient number OF the bonds To produce tho
amount required for such sinking funds, and pay
the same TO the Co nnsSiOneTa OF said loans OF 1871
and 1875, as tho circumstances may require. II by
reason OF part OF the bonds Issued under said or
dInAnces oflSn aud 1875 having been surrendered,
q reduced amount Of money should be needed 70
satisfy the demands OF the annual sinking funds
required by said ordinances, the said Commission.
ems shall sell only so many Of the bonds Issued
under this ordinance and reserved for the purpose,
as may By necessary TO pay y proper proportion OF
the said former issues Of bonds.
Council Of the city Of Wheeling, at the same
timO that the annual levy o. city taxes for
other purposes Is made, until all the bonds
are paid. direct tax upon all the real estate
and personal property assessed by, said city
for taxation, which direct tax shall no levied as
separate tax and IN addition all other taxes that
mar DO levied for the bonelt o. thccity, and which
sh1ll bCSuiciCnt TO produce In each year until and
Including the year 1883 the sum Of thirteen thou.
sand i've hundred dollars, with which 70 pay the
interest annually accrllng upon the said bonds;
aud which levy shall, after the year 1SS until tho
said bonds shall DO fully redeemed and satisfied DO
sufficient 10 pay annually the Interest on such OF
said bonds as shall be unrceeincd ind III addition
thereto 70 redeem In each year bonds Issued under
this ordinance amounting at their par value 10 the
sum Of twelve thousand dollaa. II In any yoaT at
the tiln0 Of making the annual levy the Council
should neglect or fall TO make tho levy az required
By this section It shall be the duty Of the id Conf
msSiUners, or their successors, 70 apply to court
Of competent Jurisdiction fora WIFI q mandamus
such levy. The slld tax shall be collected In such
manner as Is or may be, provided by law aud tho
ordinances Of the city for the collection Of other
taxes on real estate and personal properly. The
Collector Of the city Ehlll pay 10 tho Receiver OF
the city on each second Friday tho total amount OF
the taxes levied and assessed In pursuance Of tho
requirements Of this ordinance which shall have
Heretofore been collected by HIM The said tai shall
be by tile Collector while In his possession, and By
the Receiver Of the city whom paid 10 him, kept
I9nd accounted ioFl separate from all Other moneys
SIC. s. Tho Receiver OF the City shall, on or BIO.
fore the fifteenth day Of February, A. u, 1885, and
on or before the fifteenth day Of February III each
soners all The moneys which shall have heretofore
been paid to HIN on account OF the direct tax
levied IN pursuance Of the requirements OF this
ordlnAnsc. While said funds rGmain III tho charge
OF the Receiver II shall be his duty 10 keep tie
sntuo deposited IN some bauk or banks In the city
Of Wheeling at the best rate Of interest ho eau OBJ
tain, which interest he shall account for and nay
over to said comniNiOnenupon making payment
70 them Ot the principal OF the fund derived from
said tax. The receipts Of said Commissioners for
the Ild moneys shall be hle1 by the Receiver with
SEC. O. The said Commissioners out az Tho 4
moneys received by them from the Receiver under
this ordinance, shall pay the coupons Issued with
said bonds as they become due, aud any moneys
received by them prior to the first day Of March,
4. D. 1895, IN excess Of tho amount required to pay
the said interest coupons a. they shall become due,
thCy shall deposit In some bank In the CITY al |
Wheeling " tic best rate Of interest they can oh.
TAIN and they shall report TO tho Council mud nav
Into the treasury o. the city all the moneys they
on the HrSt day OF March, A. D. isgS and on the
rst day OF March IN each year thereafter until tho
bonds Issued hereunder afc fully paid they ShGlI
after aEt paying the Interest coupons coming due,
Apply the residue OF the moneys th0ii remaining In
their hands, together With any further sums placed
under their control for the purpose, 10 the redemp.
ton OF tue outstanding bombs Issued under this or
dInancQ ~ rate not greater thin their nar value
The bonds to be redeemed shall DO determined ~
lot by the said COmmISSi oNCI annually letWeen M
first and twelfth day OF February In the year 1896
and between The iESt and twelfth day Of February
In each year until the bonds Issued here
under are fully paid, and said Commissioners Shail /
theroupon Immediately give notice to tho holders
thereof BY adyesr 81 published daily Sum
pens printed IN the City Of Wheeling, stating the
numbers OF the bonds 10 be redeemed and thGt Inc
Iane VIII DO redeemed at said Commercial bank on
and after the inst day OF March next succeeding /
and will cease to bear interest from said day aIId
aid bonds shall cease TO bear interest from Tic rSt
day OF the next month after the mpoti0n q such
odss q all q he Goads Sc dTSwS 81 ea 5sSi r.
known 70 the said Commissioners, tho aid Commit.
Bioners may give actual notice Ia writing 10 such
holders within ten days after uch.dmWing, which
notice shall be tho llne ~ that herein Otherwise
required 10 DO published, aud such nctIhl nbtics L
hall have the same effect rs II II had been Tuhlsh
I'd In the manner hereinbctore set forth. II shall
be stated on the face Of eid bonds that they are All
Or any Of them, liable 70 redemption Of thcIr mar
value on and a. any time after the fnt Of March, II
y. lSSA 49,,
IIoners TO cancel, as tkOy arr redeemed the hords
aud coupons paid by them, and they shall, once IN
lvery year, aud 0fteuer II required by the Councl
deliver 70 the Clerk OF tho city all redeemed and
he Clerk shall preserve the same In book TO be
provided for that purpose,
SIC, s. II shall be tic duty OF the Commissioners
o keep true account Of their receipts and ans.
aud report the same to Council an.
lullIy In the month OF April, and at such other
lines rs the Council shall order. 80 =.
enpye any ono or more Of tho Commissioner. o.
heir SUCCESSOR, and the Commissioners or theif
2 the Mayor Or CLERK o. tho city. ANY vacancy
SEC. 10. No person shall act as a Commissioner
inder this ordinance until he shall have given
,ond with security 70 be approved BY the Council,
hall be payable 10 the City o. Wheeling and shall
70 conditioned to the following effect:
1.-THE condition Of tho above obligation Is such
July appointed a Commissioner under an ordi.
Anee o. the City OF Wheeling. entitled IAN oral.
ance to provide for the issue and Elle Of bonds Of
be City o. Wheeling 10 be known as bonds Of 1855,
nd for the redemption and payment thereof and
aS accepted the taid appointment, now. therefore.
said A. b, during hES continuance a. such Com.
loneF, shall In all thing faithfully and dill.
entity discharge his duties IS such Commissioner
nd shall vol and truly account for and pay over
such pcEsnn or persons may DO entitled 70 te-
five the samoa moneys which shall come into MS Il
auds or under his control AZ such Commissioner 4
hen shall the foregoing Obligation be void other y
tse 10 remain In full force and virtue" la
SEC. II. II shall 10 She duty Vi the Commission.
s 70 eniotcc each and every provision II this or
nance I'm relation TO their dutleal according 10 n
~ t ~ ,hn sesS Gn9 and any failure o. any