Evening journal., 1889-04-01
ORDINANCES.
A N ORDINANCE
10
AUTHORIZE THE ISSUANCE OF GER
m. - IL

A n ORDINANCE
! AUTHORIZE THE ISSUANCE OF GER
TAIN SINKING FUND BONDS OR GER
TIFiCATES OF INDEBTEDNESS.
Whereas, There ars now certain bonds "a
the city.of Wilmington to the amount Of S72.
VVV,fallinRdue ON the Isl day OF April a. D i8sp
payment Of which must be made out Of The
proseeds oi tse sale Of sinking fund bonds OF
eording di'ss oi ihdebtedness, TO be issued &C,
vnuruiiik 70 the terms, conditions and
| provisions Of An act 10 provide i
sW,niksng Wis,,nlg fInd for the payment Of the city OF
/ Wilmington ~ passed at Dover. February II
/ ieoo and the various ampndmenfa ss-,d s,,,
PIGMENTS thereto and
~ tMsiHERrAs The Finance Committee Of
sioneeso,u eouleii and the Sinking Fund Commits
s,o"els o", appointed under the provisions OF the
| 49, 80 aforesaid. hnve under the powers con.
| ~ ~ red on them by the said a. and the varions
dered 10 be issnaa nna supplements thereto, or
| ~ I'm t,iilinklun or certificates Of indebtness ont
uaa.i y, NY nfoeeeds Of which provision is Ia be
/ ~ NVfi,ninis ,s payment OF the bonds OF the city
| said, and Ai'e uay 81 Aprll afore-
.,'sl MhE.hEAs, The Council are authorized n
/ cert itleotos issuea the aforesaid new bonds or
conditions ard provisions of an "act " ee,irls ,i
i, siue Z hlhking fund for the payment nf the
/ 1l.ti ~ -. - Milmington,n passed al Dover
ana supplements thereto oiuihohis
| Now therefore
be L. ordained by the Council OF Wilmington
| -, SEseIloN 4 Ihat the Finance Commitfee ~
lne council and the Sinking Fund Comn,is
rlohers are hereby authorized and dirertad II
endse nd 20 ne Issusd n the name OF the Mayor
Gates Of Indebtedness fo the nmnnnt ~ sl5 I
~. which said bonds or certincafs,s
o9ls OH, l4aeotedness shall be denominated
SINKING Iund four per cent loan 4
anu the credit OF the city IA herehv nieds.s,a
iur the payment OF the same.
dahtgi.s hatgiloN y said bonds or certificates OF in
other sinking fund bonds or eerfiacatas ~ 4, ~
s .issuleuness, and shall bear interest al the rate
~ tbo i3Hr frs, pSg cent payable ,semi-annually on
and ass.r,, usys oI April and October In each
OF indebtedness shall be paid
SECTION .. Said bonds or certificates ~ ~
ddnpieuhess shaii be issued in amounts 10 fail
NY, uuo uha became payable with any interest
iAt .iAt may nc due thereon In manner folln,,rin,y
~ ae r. u y! say one or said bonds or certificates
ma n ~, ior the sum OF eight ehousand
PIC october |, 1925; una of said bonds az reyti
llehtef OF Indebtedness for the enfn ~ nia,,s.r
,, dnousahd ,,a and three hundred dollars To faii
iai, uue huu % 9eeone payable April 1, 1909; one of
hslu bonds or certificates Of tndebtness far
wy, Wy sum OF eleven thousand and six hundred
hh"ria's hor s 20 fail due and become payable Octo-
lndtbthess for the sum of twelve fbansand
dollars 70 fall due and become pavahle Anrii
!, tsv,i one ot said bonds or certificates of In
- thll t1hhA VI Twelve Thousand
and three hundred dollars 10 fali sIue a,a he
%, come hayane October ], 1897; ono OF said bonds
Ya eertlneates q Indebtedness for the sum Of
WE'VE Thousand and seven hundred dollars 10
,, di ~, upe ahq become payable April l. 1909; and
one pl SAID bonds or certificates of indcktad-
ness Tor the sum OF four thousand and dstv
Der ], 1SQS.n f"s"''o oeto-
SECTION 4. The said bonds or certificates of
ihnaseIntedness hereby caused 20 be issued shall
~ IN Z, ,l,pV5eu 9i w the Finance Committee and
the SlnkinR Fund Commissioners nprAenhlv IA
e the directions q the said "rhe Connciln and
,rs. me proceeds thereof shall be paid 10 the
treasurer OF the city OF Wilmington. and sneh
proceeds shall be applied to the redemption of
leAls :, m ol the city ~ Wilmington to the amount
oi eeNenty-tWo thousand doilars fallinr due
on the LIST day OF April, A. D., 1852 being loans
said city as 10, II, l2 ana nj -
fassed at City Hall March 20 1880
JOHN q. FARRA
49,. =, -. President OF the Gauncil
Mayors office, March 2a lSsQ.-Re Reepectfullv
approved. AUSTIN HARRf Nt3l lrt1Si WY
Mnyor.