Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-05-16
PROCLAMATION !
To the Qualified votsrs uf the City
Of wheeling.


Bz II KNOWN that the Council of tie City Of wheel
ing did, on the l2th day Of Nay, 1ssS, adopt an
ordinance In words and fsures rs follows. that Is
tsay:
AN ORDINANCES, to provide for the issue and sals
Of bonds Of The City OF Wheeling. to be known -
Bonds Of iss5 and for the redemption and pay
ment thereof. and providing for the payment INTO
the City Treasury Of certain amounts rom the rev.
enues Of the Gas and Water Works.
Be q orSsiasd By ds CSusea Of the ciy u Rae5ia1'
SECTION I. For the purpose OF providing means for
paying outstanding city orders and other Ecaung tn
debtedness Of the City Of Wheeling, with accrued in
terest thereon, and such OF the bonds issued under
the loan ordinances adopted Juno IL, ISL, rs are
the commissioners appointed by or under said o5di.
nance. the Mayor Ind llerk Of the Cit, OF Wheeling
are he1by artb1riIei aud instructed Ia make, and
on the nrst IA, Of July A. D. lSSl or Is soon thete
after as prv tcahle, deliver - the commissioners
hereir afy named and appointed, the bonds OF INC
Saty oil Wheeling. dated The hrst Jay OF Jay ~ u
1870, II an amount ayyre,a,lns trse hundrodthoa-
'Iollars which bonds shan ee .; INC ,o.ios.hS
re dissemination oil Eve hundred doilars each, Two
hundred and forty nine Of said bonds to De OF tae
4 denomination Of one thousand dollars eaeh' anu
Of said bonds 10 lie Of the den"m'" ,,n,, L.,T.
died dollars eseh -, n,,s. .Ssii y, n,,,hr-s
nom 'ln TO $50, inclusive The aid hand. sssn
- pay aS.e on or before the irst dsy OF July, A. D.
1919, AT the Bank Of the Ohio valley, with Interest AZ
the rate Of five per cent per AMMAN, paJablc an.
nualy on the Inst day Of July, 1856, and the rst
day OF July in each year thereafter until and ipcHd
ing the year 1912 n the said Bank OF the Ohio Val
l.y for which inter 81 coupons in proper form shall
lie attached 20 each bond with the signature OF the
/ Clerk of the city engraved thereon The said bonds
shall be signed BY the Mayor, counteTSigned by toe
Clerk and sealed with the seal OF the city. Neither
the aid boads nor The coupons thereto attached shall
lie subject 10 taxation under the authority OF the
| City OF " Wheeling
SIC. . Be il further ordained. That ALFRED Csld.
well Z. 2, Jepson and y. Wilkinson h. and they
and instructed To ~" the said bonds at not less than
their par value and in the same manner provided by
chapter l4l of the Acts OF ls OF the legislature OF
West VirgiIia.
SIC. g. Jhe said bonds shall b. issued only Tor the
following purposes:
Fint-Paying outstanding city orders and other
eating Indebtedness OF the city with interest there
CD, TO the amount OF two hundred and .wcnty -iJIr
thousand dollars
SecOnd-Pay ing and re,seemlng the unpaid bonds
OF the 10 Of June Is, ISL amounting 10 scventy-six
thcusSnd dollars
The Said commissioners shall devote out OF the pro-
cccds arising the sale OF said bOnds amount
not exceeding said sum Of two hundred and Iwenty
four thousand dollars TO the payment OF outstanding
orders and other outstanding boating Indebtedness
Of the city, and interest thereon which money 60 de-
voted 10 the payment Of the said orders and other
outstanding floating indebtedness shall b. paid by
said commissioners 10 such person or persons a. the
Council OF sail city shall irUm time 10 time dircc
Ii the holders OF any OF the bonds issued under
said ordinance Of June lS 1871 shall, at the sale Of
bon ds Issued under Il l. ordinance authorized by
,ection Of chapter III Of the Acts Of le125, have
offered paw for bonds OF this issue In bonds issued
under said oTinacce Of 1871, the sid commissioners
nay IN their discretion, upon considering tho terms
Of such Offer exchange the new for the old bonds,
exchanging bond for bond ~ that 40 moTT than par
shall be allowed for the oil bonds.
For the redemption Of such OF III" bonds issued un'
der said ordinance OF 1871 shall not lie exchanges
and not he purchased al their par value the >ad
commissioners shall hold sufficient quantity OF the
bonds Issued under this ordinance, unit! nv the
terms OF said ordinance oil ISL, definite amount
.hRil he required - sTkIUg fund FOR the said l,u
u 1871, and they hail hen tell efficient number
Of the nnds io produce The nmoGnt riurcd pr such
sIrling fund md uay the SAINT t. the commissioners
of sud pah Of Isl nc the Circumstances NAV I,Iura
II nv reason ~ part Of Tire bonus -su,d under sid
ordinance OF 1871 having Lyru "a rendered. reduced
amount o money should lc necdoel 20 Sausiy tho lie
mards Of tlU annual sinking ilnd required by latl
ordinance, the said commissioners shall sell UTl' -
many Of the bonds Issued under this ordnance ard
reserved Tor the purpose rs may b' necessary 10 nnI
proper proportion oil tho said icrmer Issue oil
bonds.
sEC. T. There shall IT, annually levied 10y the
Council Of the City Of Wheeling, o. the 'ane i'm"
that the annual levy oi city taxes for other purpO.
Sos is made, until all the bondS issued
under the provisions OF this ordinance
are paid. direct tax upon oil the real estate
and personal property aEsc,,'d 10y sid city Tor TAXA
tax and In addition tO sll other taxes that may b"
levied for the benefit Of the cty aud which shall be
sufficient 20 produce In each year until and inclui-
ing the year 1919 sum 81 Cieni Ia Jay tho inlerst
annually accruing upon al" said bonds; and which
levy shall, after the year 1885, until the said bpnis
shall lie fully redeemed and s'ti,ad br sufficient 10
pay annually the interest on sirh NJ aid bonds
shall be up redeemed and In addition thereto Ia
deem In each year ther CATER thu 0rs-tWcnty fifth of
tho bonds issued hereunder aud not pail b. forc the
hst day OF July, 1895 The aid tax hall b9 collected
in such manner a. is or may bcprovlicd hy law and
the ordinances Of the city for thu collection OF other
tnres on real estate and personal property. The col
cc0r Of the city shalt pay into the treasury o each
second Friday the total amount 81 The taxes levied
and assessed IN PURSUANCE vi the requirements VI this
ordinance which shall lave thsr oorc been collected
10y him. Tho said tax shall be- by the collector while
in his possession, aud by the city depository, into
which same Is paid, kent aud accounted TORI sepa
rate from all other moneys Of tue city.
Sac y The receiver OF the city shall, on or leirrc
the fifteenth DAY oi June, A. o. 1886, and On or be-
fore the eCnih day II June a. each ani every year
thereafter until the bonds ssuei hereunder arr fully
paid pay I" the sail commissioners all the moneys
which shall have heretofore b"cn paid into the
trIGSury IN account oi thu direct tax levied In
pursuance q! the requirements II this 0rdi-
nance. Whilo aid funds rcmIin in the treasury II
shall lie the duty NJ Council to keep the same deP0s-
tod In some bank pr bank, IN tho CITY OF wheeling
at the bCst rate Of interest they can obtain which
iDterst shall he accounted for and paid over into the
treasury upon making payment 10 the commission.
CrS 81 the principal OF the luBd derived from said
tax. The receipts OF said con missioner for the said
moneys shall bc filed by the receiver with the clerk
OF the city and stall lr pm serre'l by him.
SIC 6. The said commissioners. out Of the moneys
received by them under this ordinance, shall pay
The coupon issued with said bonds rs they bccome
due.
On tho Gr.t day ri July, A. D. 1885, aud on the
CIR, dry of July IN each year thereafter until the
boud- ssuch hereunder fully paid they shall pay
the interest coupons coming due and on the first
dag OF July, A. ~ 1898, and the GrSt day 81 July
in each year therea',e until the b1ns issued here.
under are iUlly paid, they shall apply tho money
coming into thcr hnuds for the purpose, 10 tho psy
mcnt II the outstanding bonds Issued hereunder alta
getI"r ihsn their par value. n pJnI' {,
bC redeemed tha 10 determined ~ lot by Tho cIn-
missionrrs auruully btts'Pu tho Hs.t and tsrlth
day o. June IN tho wear 1925 and between h fret
ard twelfth day Of juno in zach year ihcrrtiter, "a.
iil tie b"BdE sued hereunder are fully paid an /
SAID commissioners shall h"rcupHn Immediately give
notice 10 the ho'dcrs thereof. BY adrcrtb em"n, pub
liNhCd daily, SUNDAY rNcrpud iOr tao sorks la toe
diiy newspapers pTintHd Va the CITY OF Wheeling,
stating the number Of ia" bond, 10 b. redeemed ssii
that he will b. redeemed Il ssiI Eank ol Toe
Ohio Valley or and alter tie ist dal Of July neSI
suCCgcdug and will 10 tear Intsrtst from iB
day and aid bonds shalt ConsA g. brsT interest fro
the GIst dan Oi tho next month after the co'Hr.tiDB
d such publication. il provided, however, thsiii
the holders OF all the bonds - drawn by lot shn bs
known 10 the said commissioners, the said commis |
sionRTS may give actual notice In whiting 10 such |
hOldc'a within ten days after such draEing, which
notCr shall b. the sans hat herein otherwise
quirtd TO b. publ bod and such actual noIicp shall
have ihe sano effect II Sc had b.cn Published in
the mspner before Ssi iOTih II snail Ne stated
the face ri sad-ous that they are. any Il them,
liable to redemption at their par yaluc on ald at aoT
time after the hbi day 0f July, A. u. ibSj. The
City OF bosliDg hereby pledges and ohsat's iissil
pay each year alter the year 1894 and until said
bOnds fully paid the One-tScuty-hIth Of all 81
s1id boEds not paid before The FIRST day Of July,
1895. /
81. I II shall hc the duty o. the said oounis.
si0ners 10 cancel they redeemed the byuds and
couIons paid by thin and they shall. ono In every
year. aud oiener II required 81 tao CounCI, deliver
10 the city clerk Of the city all reiestDsd All can
osled bords and coupons Ia their baDds, aud the I
clerk shall preserve tue sArle IN q hoax 10 he pro-
yijed COX that purpose.
sEc 6. II shall Be Ihe duty Of the commissioner |
10 kerp q true account Of thetr receipts and dis
burrep niSsns report the sssne 70 CoJnsi Anndziiy
in the month OF April, and 81 such other times -