Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-05-27
PROCLAMATION
To the Qualified Voters Of the City
Of Wheeling.

Be IT KNOWN that the Council Of the City OF Wheel
ing did, on the 18th day OF May, ISIS, adopt an
ordinance In words and figures Is follows, that Is
tesay:
OF bonds OF the City Of Wheeling TO be known a.
Bonds Of 1885 and for the redemption and pay
ment thereof. and providing for the payment into
tie City Treasury OF certain amounts from the rev.
erues OF the Gas ard Water Works.
Be ordained By De Council Of Tie CS.y Of WAeeiay:
SECTION !. For the purpose OF providing means for
paying outstanding city oroers and other floating In
deeieoness Of the lily OF Wheeling with accrued in
teres thereon, and such Of the bonds issued under
the ican ordinances adopted June Is, 1871,
not yet paid provided for by funds in the handso
the commissioners appointed by under said ordi-
nance, the Mayor and tlerk OF the Iity oiWheeling
are hereby authorized and instructed TO make, and
on the first day OF July, A. ID. 1855, there
after as practicable, deliver to the commissioners
herein after named and appointed the bonds Of the
City OF Wheeling, dated the first day OF July, A. ID.
1852 Tor an amount asgregatIng three hundred thou
sand dollars; which bonds shah he Of the following
denominations: One hundred of said bonds to be OF
the denomination Of five hundred dollars each, two
hundred and forty nine OF said bonds TO be OF the
denomination OF one thousand dollars each, and ten
of said bonds 10 be of the denomination OF hun
died dollars each. Said bonds shall be numbered
from 'l TO 1883, inclusive. The said bonds shall
be pay able on or before the first day OF July A. d.
1919 at the Bank OF the Ohio Valley, with interest at
the rate OF i've per cent per AMMAN, payable an
nuay on the irst day of July, 1886, and tue first
day OF July in each year thereafter until and incud
ing the year l9l9 CT the said Bank OF the Ohio VAL
ley, for which inter- ST coupons in proper form shall
be attached 10 each bond with the signature OF the
Clerk OF the city engraved thereon. The said bonds
shall be signed by the Mayor, countersigned by the
Clerk and sealed with the seal OF the city. Neither
the said bonds the coupons thereto attached shall
be subject 10 taxation under the authority OF the
City OF Wheeling.
q d. ID H,ll
we'll, +. p. Jepson and N wilkinson he and they
hereby appointed commissioners and empowered
and instructed to sell the said bonds at not less than
their par value and in the manner provided by
chapter lil OF the Acts OF 1878 OF the Legislature OF
West Virginia.
SEC s. The said bonds shall be issued only for the
following purposes:
First-Paying outstanding city orders and other
Heating indebtedness of the city, with interest there
on, to the amount OF two hundred and twenty-iolr
thousand dollars.
second-Paylng and redeeming the unpaid bonds
OF the loan OF June Is, lsIl amounting TO Seyentysx
thousand dollars.
The said commissioners shall devote out of the pro-
ceeds arising from the sale OF said bonds an amount
not exceeding said sum Of two hundred and twenty
four thousand dollars to the payment OF outstanding
orders and other outstanding floating Indebtedness
Of the city, and interest thereon, which money de-
voted 10 the payment OF the said orders and other
outstanding floating Indebtedness shall be paid by
said commissioners to such person persons as the
Council Of said city shall from time 10 time direct
Ii the holders OF any OF the bonds issued under
said ordinance OF June 49, 1871, SHALL at the sale OF
bonds issued under this ordinance as authorized by
section Of chapter al Of the Acts OF 1928, have
offered pay for bonds OF this issue in bonds issued
under said ordnance OF 1871, the said commissioners
may In their discretion, upon considering the terms
OF such offer, exchange the new for the old bonds,
exchanging bond for bond, so that no more than par
shall be allowed for the old bonds.
For the redemption OF such OF the bonds issued un.
der said ordinance OF 1871 as shall not be exchanged
and can not he purchased their par value the said
commissioners shall hold a sufficient quantity OF the
bonds issued under this ordinance, until by the
terms Of said ordinance OF 1871, definite amount
shall be required rs sinking fund for the said loan
Of 1871 and they shall then sell sufficient number
Of he Ouos iu produce the amount required for such
hnking fund and pay the same 10 the commissioners
OF said loan oil 1871 the circumstances may require
II 10y reason of part OF the bonds issued under said
ordinance OF 1871 having been surrendered, reduced
amount OF money should he needed 10 satisfy the de-
mands OF the annual sinking fund required by said
ordinance the said commissioners shall sell only
many of the bonds issued under this ordinance and
reserved for the purpose as may he necessary TO pay
4 proper proportion OF the said former issue Of
bonds.
SIC 4. There shall be annually levied by the
Council OF the City OF Wheeling, at the same time
that the annual levy Of city taxes for other purpo
SEES is made until all the bonds s,, issTeS
are paid, direct tax upon all the real estate
and personal property assessed by said city for taxa
ton, which direct tax shall be levied q separate
and addition 20 all other taxes that may DE
levied FOR the benefit Of the city, and which shall be
sufficient 10 produce in each year until and nclud-
ing the year 1919 sum sufficient 10 pay the interest
annually accruing upon the said bonds; and which
levy i all, after the year 1884, until the said bonds
shall be fully redeemed and satisfied be sufficient 10
pay annually the interest such Of said bonds as
shall he unredeemcd and in addition thereto 10 re-
deem in each year thereafter the one-twenty 'th oil
the bonds issued hereunder and not paid before the
INIT day Of July 1895. The said tax shall be collected
in such manner as Is or may be provided by law and
the ordinances Of the city for the collection OF other
taxes on real estate and personal property, Ihe col
ector OF the city shall pay into the treasury on each
second Friday the total amount OF the taxes levied
and essed in pursuance OF the requirements OF this
ordinance which shall have Their, toOrc been collected
by him. The said tax shall be by the collector while
in his possession, and by the city depository, into
which same is paid, kept land accounted for sepa'
rate from all other moneys OF the city,:
SIC. D. The receiver OF the city SHALL on or before
the fifteenth day OF June, A. d. 1885, aud on or be-
ore tho fifteenth day o June In each and eyry year
thereafter until the bonds issued hereunder are fully
Iaii, pay 10 the said commissioners all the moneys
which shall have heretofore been paid into the
treasury on account OF the direct tax levied in
pulsuance of the requirements oil this ordi-
nance. While said funds remain in the treasury II
shall lie the duty Of Council 10 keep the same depos-
ted in some bank or banks in the City OF Wheeling
at the best rate Of interest they obtain, which
interest shall be accounted for and paid over into the
treasury upon making payment to the commission,
Of the principal OF the fund derived from said
moneys shall he filed by the receiver with the clerk
OF the city and shall he preserved by him.
SIC 4. The said commissioners, out OF the moneys
received by them under this ordinance, shall pay
the coupons issued with said bonds IS thOy become
due
On the first day Of July, A. D. 1886, and on the
first day OF July In each year thereafter until the
bonds issued hereunder arefully paid they shall pay
the interest coupons coming DUE and on the first
day OF July, A. d. 1895, and on the first day olJuly
In each year thereafter until the bonds issued here
under are fully paid, they shall apply the money
coming into their hauds Tor the purpose 10 the pay
ment OF the outstanding bonds Issued hereunder alta
rate not greater than their par value The bonds to
be redeemed shall he determined by lot by the com
missiOners annually between the hrst aud twelfth
day OF June In the year 1885, and between the first
and twelfth day OF June in each year thereafter, I'M
iii the bonds issued hereunder are fully paid, and
said commissioners shall thereupOn Immediately give
notice TO the holders thereof, by advertisement pub
lished daily, Sunday excepted, Tor two weeks IN the
daily newspapers printed In the city Of Wheeling,
stating the number OF the bonds 10 be redeemed and
that same the will b. redeemed ut said Bank Of the
Ohio Valley on and after the 6rst day OF July next
succeeding and will ase TO bear interest frombaid
Ioy anu said bonds shall ~ bear interest from
The Rrst DAY OF the next month after the completion
Of such publication. 1t is provided, however, that
the holders of all the bonds 20 drawn by LOT shall be
known 10 the said commissioners, the said commits.
sioners may give actual notice In writing to such
holders within ten days after such drawing, which
notice shall he the sans O. that herein other wise re-
qured 10 be publ he'd, and such actual notice small
have the same effect as II II had been published In
the manner hereinbeo set forth. u shall he stated
on the face of said bonds that they are, any Of them
liable TO redemption at their par value on and At any
time after the first day Of July, A. ID. 1875. The
Cty Of beeling hereby pledges and obigates Itself
to lay each year after the year 1894 and until said
bonds are fully paid the One-twenty-hfth OF all Of
said bonds NOT paid before the frst day Of July,
1896.
SIC. 7. II shall be the duty Of the said commits.
ioners 70 cancel as they redeemed the bonds and
coupons paid by them, and they shall onoe In every
TeaT and ofteper il required By the Council, deliver
10 the city clerk Of the city all redeemed and can
,pled bonds and coupons in their hands, and the
clerk shall preserve the same in n book 10 be pro.
vided for that purpose.
sSc s. 1t shall be the duty OF the commissioner
In keen A true account Of their receipts and dis
snd report the same TO Council annually
in the month OF April, and at such other time, a.
the Council shall order
SIC. ., The Council Of said city may, for cause.
remove any one or more Of the commissioners or
their successor and the oonmlSi )ners their
ceSors may resign BY giving notes In writing 70 the
MAYOR or clerk OF the city. Any vacancy shall b.
r. In AZ N gafa0n