Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-05-15
PROCLAMATION
To the Qualified Voters of the City
of Wheeling.

tsay:
| AN ORDINANCE, to provide for the issue aud sale
OF bonds OF The City OF Wheeling, 10 be known n
Bonds Of 1856, and for the redemption aud pay
ment thereof. and providing for the payment into
the City Treasury OF certain amounts from the rev
enues Of the Gas and Water Works
Beb OridiRod BY the C5HAea Of The City Of FAecliRg:
SECTION /. For the purpose OF providing means for
paying outstanding city orders and other floating in
deotedness Of the City Of Wheeling, With accrued IN
terest thereon, and such OF the bonds issued under
the loan ordinances adopted June lS ISL rs are
not yet paid provided for by funds in the hands OF
the commissioners appointed by or under said ordi-
nance the Mayor and Ierk Of the City OF Wheeling
are hereby authorized and instructed to make, and
the first day of July, A. d. 1855, soon there
after practicable, deliver to the commissioners
City Of Wheeling. dated the first day Of July, A. D..
1855, for an amount aggregatng three hundred thou
sand dollars which bonds shall lie OF the following
denominations: One hundred Of said bonds 10 be Of
the denomination OF five hundred dollars each Two
hundred and iorty nine Of said bonds 70 Be OF the
denomination Of one thousand dollars each, and ten
al aid bonds 10 be Of the denomination OF ode hun.
| dIed dollars each. Said bonds shall be numbered
from "l TO 1859" inclusive The said bonds shall
be payable on or before the first day OF July, A. D..
1919 AZ the bank Of the Ohio Valley, with interest At
the nate o. i've Per cent Per sHnam, pay able an
LAY OF July in each year thereafter until and includ.
ing the year 1919, at The said Bank OF the Ohio VAL
ley Tor which inter- 81 coupons in proper form shall
De atIacD6o 10 CeCn DOnu, Win Vi
Clerk OF the city engraved thereon. he said bonds
shall be signe by the Mayor, Counorsigned by the
Clerk and sealed with the seal OF the city. Neither
the ssd bonds the coupons thereto attached shall
he SUBJECT 10 taxation under the authority o. the
City OF Wheeling.
SIC g BE 10 further ordained, That Alired Csld-
well, f. p JepsOn and N Wilkinson lie and they are
hereby appointed commissioners and empowefci
and instructed to sill the said bonds at not les than
their par value and in the same manner provided by
hapter I ~ the Acts OF 1878 Of the Legislature OF
| West Virginia.
skc. s. Ih. said bonds shall b. issued only for the
following purposes:
Firt-Paying outstanding city orders aud other
hoatipg Indebtedness Of the city, with interest there
on, 10 the amount OF two hundred AMI tWcnty-Ioar
thousand dollars
second-Paviug and redeemiug the uupaid bonds
OF the To- OF June 49, ISL, amounting seventy-sx
L thousand dollars.
The said commissioners shall devote out Of the pro-
cecds arising rol the OF said bonds an allOuht
not exceeding said sum Of two hundre' and tWent,
four thousand dollars 70 the payment Of outstanding
orders and other outstanding Heating Indebtedness
of the city, and interest thereon, which money 80 de-
voted 10 the pay uent 0i the said orders and other
outstanding floating Indebtedness shall BE- paid by
said commissioners such person or persons q the
Council OF said city shall from time to time Glrect;
II the holders OF any OF the bonds issued under
said ordinance Of June II, 1871, SHALL ut the sale OF
bonds issued under tits ordinance a. authorized ny
section OF chapter III Of the Acts Of 1878, have
offered 10 pay for bonds of this issue in bombs issued
under said ordinacce of lS7 the said commissioner
may In their discretion upon considerins 'c 'ertl'
such 9er exchange the new ioT 'ne TiI ns
hall be allowed for the old bonds.
For the redemption OF such oi the bonls issued un.
der said ordipance OF 1871 rs shall not lie exchanged
aud can no. I've purchased al their par vauc, the Nsid
commissioners shall hold sufficient quantity OF The
! bonds issued under this ordinance until BY the
l terms Of said ordinance OF 1871, definite amount
shall be required a sinking fund Tor the said loan
OF 1871, and they shall then sell sufficient number
L NJ rpnuifpl for such
sinking fund and pay the same To the commissioners
of said loan OF 1871 the circumstances may require
II by reason of part OF the bonds issued under SAID
ordinance 1871 having been su rendered. reduced
amount OF money should lie needed 10 satisfy the de.
niands 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 neceS'ry to pay
proper proportion oil the said loflner Issue Oh
bonds.
SEC. l. There shall he annually levied by the
| Council of the City oil Wheeling, at the same time
that the annual levy OF city taxes for other purpo
ses is made, until all the bonds issued
under the lon n, th the S CTdna1GS
and personal property assessed by said city for taxa
tion which direct tax shall be levied as separate
and in addition to al other taXe' that may be
levied for the brneht Of the city and which shall lie
sufficient to produce in each year until aud incld-
ing the year 1919 sufficient 10 pay the Interest
annually accrning upon the slid bonds; and which
levy shall, after the year lS9l, until The saln bond
u
pay annually the interest on such OF said bonds as
shall be uDrcdeemcd. and In addition thereto 10 re-
deem in elch year thereafter the one-twc Nv NTH OF
the bonds issued hereunder and not paid before The
r,t day Of july 1895. The said tax shall be collected
in such manner rs Is or may be- provided nv law and
the ordinances Of the city for the collection OF ohcr
taxes real estate and personal property. Inc col
lcCt0r OF the city shall pay into the treasury Oh each
second Friday the total amount OF the taxes levied
and assesced In pursuance OF the reluirementsoi thi
ordinance hch shall have Their tonr" BEEN cplleCtcd
aI,n1lt ls.Nl nh
in his possession aud by the city depository, into
which same is paid, kept (and accounted for sepa
| rate from all other moneys ot The city.
SICG The receiver OF the city shall, on or heinrt
the fifteenth day of June A. D. 1885, and ou or be-
fore the fJ,- day IL June IN each aud every veal
thereafter unit the bonds issued hereunder ar" lrlly
paid, pay Ia The said commissioners all thr money
which shall have heretofore bcn paid into Ia
| treasury on account Ol the direct tax levied ~
pursuance Of the requirements II this ORR
l Dancc. While said funds remain in the treasury d
shall lie the duty oi Council to keep tn" same dsp0s
| tied in some bank or hanks IN the CITY OF Wheclln
at the hest rate OF Interest they can obtain, viii
ipterrst shall be accounted for aud paid over into ia
treasury upon making payment Ia the commission
~ of The principal OF the fund derived from SalJ
tax The receipts OF said mmissionerN for the sal
moneys shall I've filed by the receiver with the clcrI
| Of The dty and shall lie preserved by him.
| Skl G. The said commissioners, ont oil the money
| received 10y them under this ordinance shall pr.
1 thr Coupons issued with said bonds as thoy I'com
due.
Il OL the mt day OF July, a. ~. 1856, anu Ou IN
first DAY OF July IN each year thereafter until tn
bonds isFucd lercuI der arr fully paid they shall pa
| the interest coupons coming due; and on the ms
day OF July A. D. 1895, and on the frSt day Of Jull
| in each year thereafter until the bond, issued here
under are fully paid they shall apply The mpnel
coming into their hands for the purpOSe, 10 the pay
ment oi the outstanding bonds issued hereunder att
1 rate greater than their par value. he bond, &
| lie redeemed shall bc determined hy lot by she cbn
| mtsSiopcrs annually hetgoen the first add tvcl'tl
day OF June in the year 1895 and bctF 'en toe ar'
and twelfth day OF juno In each year therciier IN
Il III tie bonds issued hereunder are nliy pai1 an
said com uis,ioners sha thereupOn Immediately give
notice 10 the holders thereof, by advertisement pub
ished daily, sunday excepted Tor two weeks 10 III
iaily newspapers printed In the city OF Wheeling
stating the numh+r Of the bonds 10 b. redeemed ans
tEat saine the will BE- redeemed ut sail Bank OF ia
/ pho Valley and after the fra dayof Juy mex
,ucceding. and will cease 70 bear interest from S1id
FAY and said bonds shall cease ~ bear uecrst TO
the FIRST day Of the next month after the completion
Of such publication. II is provided however, that
he holders Of ai the bonds 80 drawn by lot shall b.
1 known TO the "a d commissioners, the said commits
sioners may give actual notice In VT ting to such
holders within ten days after such drawing, which
notice shall be- the sans o. that herein otherwise re-
l luired TO he puhi he'd, and such actual nolcn sha
have the SIme elect a. II II had heen published 10
the mapDcr hercinhebre set Orh. u snail lie stated
on the lace Of aid bonds that they are, any 81 them
liable 10 redemption at their par value on I'd al auy
| time after the hrst day OF July, A. u. lst1. Iht
City OF wheeling hereby pledges and obiigacs isel
10 pay each year altar the year 1894 and until sad
bond; are fully paid, the one-t#entyhfth Of all 81
said bonds not raid before the inst day di July
| ISIS.
sEc. T. 1t shall be the duty Of the said conne.
sopers 10 cancel rs they redeemed the bonds and
COUPONS paid by them and they SHALL onor In svsry
year aud oftener il required oJ the Council deliver
10 the city clerk OF the city all reieemSd AMI can
| oelst bonds and coupons IN their hands, and the
| clerk shall preserve toe sane in book 10 be pro
| yided for that purpose.
No. 8 n shall Sc the duty Of the comuissioneu
| 10 keen n true account Of their receipts an DIS
! bursementss nd report the same 10 C0antl annuNiS
in M, mouth OF April, and at such other times a
| the COuLCi shall order
| SEC y. The Councl oil said city may. Tor - ne
| remove INV one or more OF the commissioners OF
their suecesor and the ceumisi or their .uc-
&c sors may resiSn by giving notice In sritns th-
| mayor or clerk Of the city. Any vacancy shal B.
| died by the Council In Joint session.
| kRc 10 No Ie-son shall act As a comm seI0ne'
under thI, ordnance until he shall hRTeg gwen bond
With security 10 be approved by the Couoel, In the
| usnalty Of ten thousand dollars, uh ca bosd shall
| ie paJable 10 the lily OF wheeling, and shaii De
| Conditioned 10 the following eaeci:
| "Ths coudit on OF the shove oh cation Is such
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