The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-06-01

MulCn uIulutHCe ~ III lue MuEuA buu ukuIe'
following, lo'WiI;
AN ORDINANCE, to provide Tor the Issue Rnt
sale OF bonds OF the City oil Wheeling, 70 b.
known as wheeling Greek Bridge BOndS," (Or
Main Htreot and Tor tho redemption and pay
ment thereof.
WHEBIAs, The stone bridge OF Main street, II
the City OF Wheeling, over Wheeling creek, wa
recently destroyed by tFeshet lheEelni
Be u Ordained by the Council Of he ClyCJ Whe.l
Ing;
SEC, /. For the purpose Of providing mean
for the construction Of . pGTmanent new Stont
bridge, on Main street, IN the City Of Wheeling
over Wheeling creek, the Mayor aud Clerk Of thu
City OF Wheeling arc hereby authorized and In
Stricted 10 make and on the 18th day OF June
1889, or as soon thereafter w. practicable, 10 do
liver TO the Commissioners, hereinafter named
and appointed, the bonds o. the City OF Wheel
lug, dated the lst day Of July, 1881, for "
amount aggregating seventy five thousand dol
lars, which bonds shall be OF the following de
nominations, viz; one hundred Of the sale
bonds shall DO Of the denomination OF one hun
dFed dollars each; one hundred OF the said bond
shall be Of the denomination Of five hundret
dollars CACh and the residue Of Mld bond
shall DO OF the denomination Of one thopSant
dollars each. Slid bonds shall be numbered
from 10 gl5 Inclusive, Tho said bonds shall b.
made payable on or before the LIST day OF July
A, d, lggl at the Bank OF the Ohio Valley, In Til
City Of Wheeling, with Interest Of tho nate Of !
per Centum per Rnnulp, payable annually VI
The LIST day Of July 1850, and on the lst day o
July, in each year thereafter, untll and lnClld
inS the year lDS, al the said Bank Of the 0hlr
Valley, In tho City OF Wheeling, i0r which Inter
EST coupons In proper form EhRll be attached Il
each bond, with the signature OF tho Clerk o.
tho City Of wheeling engraved thereon. ThI
said bonds shall be signed by the Mayor, copn
tGrsigRed by the CLERK Of said city, aud sealed
with the seal Of the City OF Wheeling, 10 be 1t
tRched thereto BY the mayor Of the city, Meth
or tho said bonds nor the coupons thereto shall
be subject 10 taxatiOA under tue authority o.
tho City OF Wheeling.
sEC, 9, Beh further ordained BY The Council q
he Ciiy Of Wheeling, That +, T. JepSon, NJ. Jeiitli
appointed Commissioners, aud empowered Ant
Instructed 10 sell tho sail bonds NJ not less that
their par value, and tho manner provided II
chapter ~ Of the Acts Of 1878, OF the LegiSla
ture Of West Virginia.
SEC, 0, The said bonds shall DO issued only fO
the following purpose: FOrpAying for MATERIAL
used In tue construction OF aud LOT labor RnC
other necessary expenses incurred In aud abou
the construction Of a permanent stone bridge OF
Main LtrCGt, In the City u Wheeling, Owe
Wheeling creek. The proceeds RrlsinR from TIL
sale Of said bonds shull DO paId out BY the sale
Commissioners TO tho amounts for which II i
herelubGioIe provided that they shall DO lSsuet
for the purpose herein provided, and 10 Eucl
persons or person as the Council OF said city Bhal
from time 10 time direct, but only for tho plIr
pose Aforesaid.
time that the annual levy Of city taxes for othe
purposes Ii made, until all the bonds issued un
der the provisions Of the ordinance ara paid, I
direct tax upon all the real estate aud persona
property assessed by the said city for taxes
which direct tax shall by levied asa separate ta'
am In al In Al A nj Ia IN
levied for the benefit Of the oily, and which
shall DO sufficient 10 produce Ia each year until
and including the year W., q sum sufficient Il
pay tho interest annually AccFuing upon III
said bonds, and which levy shall alter the yen
1898 until the said bonds shall be fully redeeintt
aud satisfied, besulllClent to pay annually TIL
interest On such Of said BONDS as shAl DO unrc
deemed, and In addition thereto, to redeem Il
each year thereafter, the onptWenty.tith Of sale
bonds Issued hereunder aud not paid before TIL
18th day Of June, 1900. The said taxes shall bl
collected In such manner AZ Is, or may be pro
yided by law aud the ordinances oil tho city FOL
the collection OF Other taxes on real estate Rnt
personal property. The collector OF tho cit!
shall pay into the treasury at the same time anC
In the same manner rs he Is now required By
law TO pay over taxes collected for said city fol
general purposes, the total amount Of the lake
levied and pS' Used In pursuance 10 the require
ments Of this ordinance which shall have beer
The collector, while In his possession, and BY tht
city depository into which the same are paid
kept and accounted for separate from all othci
m6neys o. the cry Of Wheeling,
before tho 10Th day. Of June, 1900, and on or DO
fore the 18th day Of June In each and every yeai
thereafter, until the bonds Issued thCreundol
arc fully paid of, pay 10 the said Commissioner,
all moneys which shall have heretofore beer
paid into the treasury upon account Of the d.
la.
Of this ordinance. While the said funds remain
In the treasury, 4 shall DO the duty Of the Copn
ell and tho CITY RecplYer 10 keep tho same dc
posted III some hank or banks OF tho City oil
Wheeling, a. tho best rate Of interest they Car
obtain, which interestthRll boaCcounted for and
paid over Into the treasury, upon making pay,
mcnt TO tho Commissioners Of tho principal o.
the funds derived from said taxes. The receipt
OF said Commissioners for money shall DO filed
by tho Receiver with the Clerk Of the city aud
shall b. preserved by him.
Bee. Q. The sald Commissioners, out OF the
moneys received by them under this ordinance
lssu6duider this otdlbAnCE gs they BECOME due.
On tho irIt day OF July, iSb0, aud on thG hist
day Of July In each aud every year thereafter
until the bonds Issued hereunder are fully paid,
they shall pay the interest coupons coming due;
aud on the first day OF July 1900, aud on tho first
bonds Issued hereunder are fully paid oil, they
.hGll apply the money coming Into their hands
for the purpose, TO the payment OF the outstand.
Ing bonds Issued hereunder at rate not greater
than their par value with Interest, II any accrued
and unpaid, The bonds TO be redeemed shall DO
ally, on the 18th day Of June, ID The year ISVl,
and on the 18th day Of June In each year there:
after, until the bonds Issued hereunder are fully
paid, and tho said Commissioners shall there.
upon Immediately give notice 70 the holders
thereof, by advertisement published daily, Sun.
pSbers pfiStSi in tilS CITY Of Wheeling, stating
the number Of bonds 10 DO fed0Oned and that
the same will be redeemed at said Bank OF The
Ohio Valley, In the City Of Wheeling, on and
after the first day OF July next succeeding, and
will cease TO bear Interest from that day. and
S nv ~ S Sat 70 ANY tbS from Sm
plHtlOn Of tho said publication. i 10 provided,
however, that II the holders Of all OF the bonds
10 drawn by lot shall DO known 10 the said Com.
plMionpB, thp S1td COlnmiMl ongrs may give
lCtugl notice ID writing 70 such holders within
zen days after such drawing, which tiotice shall
DO published, aud such actual notice shall have
he same effect as II Il had been published IN
Inc manner hefelnbeiote set forth. II shall DO
ItAtcd on the face Of each Of said bonds that Il
hal! DO liable 10 redemption at It's par yRlue
With Interest, i any, accrued and vnpaid, on
500 The City Of wheeling hereby pledges and
,bligateA ltgn 70 pay each and every year alter
hO year 1895, and tin(ll said bonds are fully bald
~, the one.lwOnly.hilh Of BAlt bonds not paid
before the ifst day Of July, 1890.
SIC, I. II shall DO the duty Of tho said Com.
nlsAl toner's 10 cancel, a. hey are redeemed, tho
bonds and coupons paid BY them, and they
hall, on or before first day oil August In every
rear, and ollener, II required by Council, do.
liver to the CLERK Of tho city Rll redeemed and
,Ancel He'd bondh and coupons IN their hands,
md tho Clerk thall preserve The same In book
o be provided for that purpose.
SEC. >, II shall bc the duty OF tho Commission.
~ 10 keep q true account Oi their receipts and
disbursements, and report the same 10 Council
annually III tho month Of August, and Of such
)lhGr time a. Council shall order.
SIC. .. Tho Council Of fAld city may, for cause,
cinovC any OHIO or more Of the said Commits.
l0notF or thelt successors, md The Com.
nissloners, Of thelt successors, may tbIgn, by
lotlCo given In whiting 10 The Mayor or ClGfk Of
Tho city. Any vacancies shall DO illlCd BY Coun.
III Ia Joint session.
SEC, 10, No person shall act AS Commissioner
Under this ordinance until after he shall have
llve1 bond, With good security, approved BY
ho Cnnncll, In tho penalty Of ten thousand dol.
ArG, which bond shall DO payable 10 the City Of
wheeling, aud shall bO conditioned 10 tho fol-
owing elieot The condition OF The above obli.
latlOn 10 such, that whereas, the above bound
has bgtn duly appointed o
under an ordinance 81 tho City
u Wheeling, entitled IAN ordinance 10 provide
OF Tie Issue and sale OF bonds nj the CITY OF
wheeling, 10 bl known As Wheeling UfeBk