Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-05-23
PROCLAMATION



BIZ IT KNOWN that the Council Of the City Of Wheel
ing did, on the nth day Of May, ISIS, adopt an
ordinante In words and figures Is follows. saas IS
tosay:
AN opnrr ,Srr al -.
nj honds Of tbe fS',~ * Va hs.iins 10 ~ Known al
Eonds Of IsS5 and for the rademption and nav
ment thereof and nnnvijing Tor he nayment into
the civ TnasIyv q ss,.sin ir,m the rey-
enuSs ~ he s;.. an. " Me-, Mo,Ss AVN '-
n .,,.-,,., - 90, o., MS,
DC """1".'u 20 nse e"aAou" "'e Guy "''s'"s.
SECTION ]. For the purpose OF providing means for
paying city orders and otner Eoaung IN
deotedness OF the Siiy Of wheeling, with accrued IN
teresi thereon and such OF the bonds issued under
the loan ordinance. adopted June g. ISL, IS are
Lot !e' pAo OF Pro'iueu iot oy iunus iu inc
the commissioners appointed by or under said orii-
nance, me MAYOR and tleIk OF the ei. o. heeiing
are esp! SuthOrifed ana ihsuue'eo 10 MAKE, anu
on the uIst "a! OF uli ~. ~ lsoS, Vi "a SSyI sAe'e
after as practicable, deliver TO the commissioners
S, hnMel ana appoinIed, ine sNn1s ne
ny " "Heeins, u1'eu tue ms uey VI SsI! a. ~
1855 for an amount agSregatIng three hundred thou
sAhd COLLARS; Nhlch bonds shau te OF the following
denominations: One hundred oil aid honis 10 re OF
the denomination OF hVe hundreo COLLARS eseh, Two
hundred and iorty nine oil said bonds 10 De OF tne
uenomlnatoa OF one thousand dollars eacn, anu Ten
OF said bonds 10 he OF the denomination OF one hun
died doi4GrS each. said bonds shall be numbered
rom ~ 10 1859, inclusive. The said bonds shall
be P2yahc on or before the inst day OF July, \. D.
1919, al the Rank OF the ohio Valley with Interest at
the rate o. five per cent per AMMAN, payable an
nualy on Tie INST day OF JG!y 1885, ana on tue hrst
Gay oi July IN each yer thereafter until and lncnd
rg the year 1919 At the said Bank of the Ohio Val.
Icy, Tor which Interest coupons in proper form shall
OF attached TO each oond, WIN tue slSnsiure OF me
Clerk OF the city engraved thereon. The said bonds
shall b. signed by The Mayor countersiSned ny the
CLERK and sealed with the seal OF the city. Neither
the ssid bonds the coupons thereto attached shall
lie subject TO taxation under the authority OF the
City of " keellng
SIC . lie IA further ordained That ALFRED Cald.
well, r T. JepSon and " Wilkinson he and they
hereby appointed commissioners and empowered
and instructed 10 sell the said bonds al less than
their mar value and in the same manner provided by
hapter lII al he Acts of lS73 of the legislature OF
West SirgiIia
SIC & lie said bonds shall be issued only for the
TolIoyirp purpcsrs:
FjrSt-Iaying outstanding city orders and other
H.air indrhtTine,s OF the city with interest there
ON In In, s,pnnnt of Two huudre,i and tyenty-l,ur
thnrsani fril,Ts
srr~nJ r.xi,, and releeminp tho upnaid h,ntls
nj The To- Of lime ia ISL amounting 10 seyenty-six
Ihousgnu collar.
The SaId commissioners shall devote out OF the pro-
c,,,, arising rom the sale OF said bonds an amount
moi exceeding sad sum Of two hundred and twenty
,our thousand dollars TO the payment OF outstanding
orders and other outstanding floating indebtedness
the CITY and interest thereon which money % de.
voted TO the payment OF the said orders and other
outstanding floating Indebtedness shall b. paid by
~ 10 such pcrSon or psr,ons rs the
C,,ci ~ "a cSty sb,II finn, lima IN lime direct
II the holder, Of any of the bonds isSuel under
said ordinance of June l3 1871 SHALL at the sale OF
lnrI iSsuAi uuIAT this ordinance authorized by
,cction of chupter lil of the Acts Of 1919 have
e,cJ "a nay Inv bonds of this issue In bombs issucl
under said oTnacce OF Is7i, the said commissioners
nav I'm 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 rs shall not he exchanged,
and can not Ice purchased their par value the said
commissioners shall hold n sufficient quantity OF the
bonds issued under this ordinance, until by the
terms Of said ordinance OF 1871, definite amount
shall be required us sinking fund Tor the said 10 "a
OF 1871 and they shall then sell sufficient number
Of the ondS produce the amount required Tor such
sinking fund and pay the same Ia the commissioners
OF said loan OF 1871 As the circumstances may require
If Nv reason OF part vi the londs issued under sid
ordinance OF ISL having been surrendered reduced
amount OF muney should he needr 10 satisfy the de-
luapds of IN, annual sinking iund r,quircd by sad
ordinance The said commissioners shil sell only 80
many of the bonds issued under this ordinance aud
rteTvcd Tor the purpose rs may he necsssIy 10 pay
4 proper proportion OF the said former issue oi
b"n1s.
SIC. 4. There shall hc annually levied by the
Council oi the City OF Wheeling, at the same time
that the annual levy OF city taxes for other purpo
fcs is made, until all the bonds Issued
under the provisions OF this ordinance
gir Maid direct tax upon all the real estate
md nrrsoua prop, rty assessed hy said city for taxa.
t,,n which dirrct tax shall b. levied As separate
,or nb In adIitinn Ia YiI nj her taxes that NAV b,
. We'd Tor the h.nedt of the city and which shall De
,utiicicnt 10 produce in each year until and nclud
ing the wear 1873 sufficient TO pay the interest
annually accruing upon the said bonds; and which
Ivy >l$l, after the year 1884, until the said bonds
shall he fully redeemed and satisfied be- sufficient 10
lay annually the inlercS, on such OF said bonds rs
ihall lie unrCdcCmcd and In addition thereto to
deem in each year thereafter the twenty fifth OF
The Ionds issued hereunder aud not paid biorr the
mt ay OF July 1895 The said tax shall be collected
IN such manner As is or may bc provided by law and
the ordinances of the city for the collection OF other
taxes ou real estate and personal property. The col
hector of the city shall pay into tie treasury each
scCnnd Friday the total amount Of the taxes levied
aud assessed IN pursuance Of the requirement Of this
0rdiuauce which shall have Their. to(rrc been collected
Inv him The said tax shall hr by the collector while
in his possession, and by the city depository into
which same is aid kent and accounted tor sepa.
rate from all other moneys Of the city.
the fitrenth day Of June, A. D. 1856 aud on or be-
fore the iccnih day Of June IN each aud every year
thereafter until the bonds issue hereunder fully
IIid pay 90 The said comini'sionrrs Eu The moneys