Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-01-17
Asit Advertisements.

seal Of the city. Neither the said bonds nor the
coupons thereto attached shall be subject 10 tax
alton under the authority Of the City OF Weeel-
ing. 49,.
Hubbard, P B. Dobbins and W. G. Wilkinson be,
and they are hereby appointed, Commissioners
and empowered and instructed TO sell the SAID
bonds at not less than their par value ana IN the
manner provided by chapter III OF the Acs OF
lS72-7S Of the Legislature of West Virginia
SECTION 3. The said bonds snail De issued OIL!
for the following purposes:
First-For payint for materials used In the con
struction OF, and for labor ana other necessH!
expenses incurred in and about, the contraction
of a permanent stone bridge on Main street, IN
the City of Wheeling, over Wheeling creek Oonus
TO the amount of $4,000. =,
.SecoRd-For paying and redeeming the unpaid
bonds Of 1877, including interest accrued ana IN
paid thereon, bonds issued and sold under TINS
ordinance TO the amount Of SOL, OD.D.
Taird-For Strengthening and improving Cad
wells Run. bonds 10 the amount of SIS, 10000.
The proceeds arising ffom the sale OF said bOnds
shall be paid out by the said commissioners 10
the amounts for which tits herein before pl divided
that they shall be issued for the purposes herein
provided and to such person or persons as the
Council of the said city shall from time 10 time
direct but only for the purposes Aforesaid TO the
amounts provided for such purposes respective
| ly, but no bonds in excess OF sll5,OOO thereof,
| that Is TO say only one hundred, five hundred
dollar bonds and l25 one thousand dollar bonds,
| shall be issued uuder this ordinance until Inc
owners OF the property adjacent TO the pOflel OF
| the Run 10 be improved, (which portion shAll De
designated by Council, on the rec mmendation
of the Board Of Public Works of the city, shall
donate 10 the city fifteen feet in width OF ground
| along the Run In addition TO the ground when
has been or was to be granted 10 the city, accord
ing to the plan or map of any Dedication or pro-
posed dedication of land along said Run, or any
portion thereof in the city, Tor streets ana until
such donation has been made no money arising
from the sale Of bonds under this ordinance shall
be applied 10 Strengthening or improving Cald-
Wells Run.
II the holders Of any Of the bonds of 1877 shall,
at the sale of bonds issued under this ordinance
| as authorized by section Of chapter III Of the
| Acts Of 1928 have offered TO pay for bonds OF
this issue in said bonds Of 1877, the said commits
| siOners may in their discretion upon considering
| the terms OF such oher, exchange the new Tor the
old bonds, exchanging bond for bond, so that not
more than par and accrued interest shall be al
| lowed for the old bonds.
And provided also that the last mention
ed bonds shall not be sold until the own
| ers Of the real estate abuttng on the street
| through which Caldwelrs Run is 10 be improved
| and changed in the manner contemplated by
| this ordinance shall in writing give their con
sent to such improvements or changes as the city
may make IN said Caldwells Run, and shall also
| release the City of Wheeling from all claim for
damages by reason of such Improvements or
| changes
| SEcTIoN 4. There shall be annually levied by
| the Council OF the City Of Wheeling at the same
time that The annual levy of city taxes for other
purposes Is made, until all the bondsissued under
| the provisions OF this ordinance are paid, di-
rect tax upon all the real estate and personal
property assessed by said city for taxes, which
direct lax shall he levied as "A separate tax and
in addition TO all other taxes that may be levied
| for the benefit OF the City, and which shall be
.uiicient TO produce in each year until and in
| Guiding the yesr 1922, sum suflcient 70 pay the
| interest annually accruing upon the said bonds;
/ and which levy shall, after the year 1895 until
the said bonds shall b. fully redeemed and sat
| isfed be sufficient 10 pay annually the interest
| OF such of said bonds as shall be unredeemed,
and in addition thereto to red EN- in each year
thereafter the One-twenty fifth of the bonds IS
sued hereunder and not paid before the first day
| Of February, 1899. The said taxes shall be col
lected in such manner as is or may be provided
by law and the ordinances Of the city for the cole
lection ofOther taxes on real estate and persO al
property. The collector Of the city Shall pay INTO
| the treasury at the same time and in the same
manner as he Is now required by law 10 pay over
taxes collected for said city for general purposes
the total amount OF the taxes levied and assessed
| in pursuance Of the requirements Of this Ordi
| nance which shall have been collected by him.
The SAL taxes shall be by the collector while in
his possession, and by the city depository, into
which the same Is paid, kept and accounted for,
| separate from all other moneys Of the city.
SFCUOS s. The Receiver of the City shall on
| or before the 18th day Of February. A. D. 1890,
and on or before the 18th day Of February in
| each and every year thereafter until the bonds
| issued hereunder are fully paid, pay TO the said
L rave
Heretofore been paid into the treasury on account
OF the direct tax levied in pursuance of the re.
quiremens OF this Ordinance. While said funds
remain in the treasury II shall be the duty OF
Council and City Receiver 10 keep the same de-
posted in some bank or banks in the City Of
heeling at the best rate OF interest they can
obtain which interest shall be accounted for and
paid over into the treasury upon making pay
ment 10 the Commissioners Of the principal Of
the funds derived from said taxes. The receipts
OF said Commissioners for the said moneys shall
be filed by the Receiver with the Clerk OF the
City and shall be preserved 10y him.
SECTION 6. The said Commissioners out OF the
moneys received by them under this Ordinance,
shall pay the coupons issued with said bonds
issued under this Ordinance as they become due.
On the first day of February, A. ID. 1890, and on
the first day OF Fetrusry In each year thereafter
until the bonds issued hereunder are fully paid,
they shall Jay the interest coupons coming due;
and on the first dag Of February, A d. 1893. and
on the first day OF February in each year there
after until the bonds issued hereunder are fully
paid, they shall apply the money coming into
their hands for the purpose. TO the payment of
the uts,anding bonds issued hereunder at a rate
not greater than their par value, with inter
est II any, accrued and unpaid. The bonds TO be
redeemed Shall be determined by lot by the Com
missiOners annually between the first and the
twelfth dsys Of January in the year 1859, and be-
tween the Inst and twelfth days January in each
year thereafter until the bonds Issued hereunder
are fully paid and said Commissioners shall
thereupon Immediately give notice to TIE hold
ers thereof, by advertisement published daily,
sunday excepted. for two weeks, in the daily
newspapers printed in the City Of Wheeling
stating the number of bonds TO be redeemed and
that the same will be redeemed at said Dollar
Savings Bank on and after the frs. day OF Feb
ruary next succeeding, and Will cease to bear in
tereSt from said day; and sad bonds slall cease
TO bear inter, st from the fret day of the next
month after the completion Of such publication.
II is provided however that II the holders OF all
of the bonds so drawn by l0tshall be known TO the
said Commissioners the said Commissioners may
give actual notice in writing to such holders
within ten days after such drawing. Which no
tice shall be the same a. that herein otherwise
required to be published, and such actual notice
shall have the same effect as II It had been pub
lishod in the manner heTeinbefore Set forth. u
shall be stated on the face OF each OF said bonds
that 1t fhall be liable 70 redemption at It's par
value with intere I, II any, accrued and unpaid,
on and at any time after the first day OF February,
A. D. 1893 The City of Wheeling hereby pledges
and oh igetes itself TO pay each year after the
year 1873, aud until said bonds are fully paid,
the one-twenty-1fth Of all OF said bonds paid
before the first day Of February, 1899.
SECTION Z. II shall be the duty Of said Com
missOners TO cancel as they are redeemed the
bonds and coupons paid by them, and they shall
on or before the 18th day OF March in every year,
and oitener II required by Council deliver to
the CLERK of the City all redeemed and cancelled
bonds and coupons in their hands and The Clerk
shall preserve the same in a book TO be provided
for that purpose,
sioners TO keep true account OF their receipts
and disbursements and report the same to Coun-
ell annually in the month Of March and at such
other time as the Council shall order
SECTION g. The Council OF said city may for
cause remove any one or more OF the Commits
siOne-s or their successors, and TIE Commission
eTs or their successors may re- ign by giving no
tice in writing to the Mayor or Clerk Of the city.
Any vacancies shall be filed By the Council in
Joint session.
SECTION 10. No person shall act as a Commits
sioner under this ordinance until after he shall
have given bond with security approved by the
Council in the penalty Of ten thousand dollars,
which bond shall be payable 10 the City of
Wheeling and shall be conditioned 10 he follow
ing effect:
The condition Of the above obligation is such
that, whereas the above bound has been duly ap-
pointed Commissioner under an ordinance Of
The City of Wheeling, entitled "Au ordinance 10
prOvi le for the issue and sale of bonds by the
City of Wheeling, and for the payment and re-
demptOn thereof passed and has accepted the
said appointment: now, therefore, II faid --,
during his continuance rs such Commissioner,
shall in all things faithfully and diligently dis
charge his duties as such COmmissiOner and shall
well and truly account for and pay over 10 such
penon or persons as thall be entitled 10 receive
the same, all moneys that shall come into his
hands or In his control as such COmmiSsi 0ner,
then shalt the foregoing Obligetion be void other
wise TO remain in full iorce and virtue.
SECTION II IL shall be the duty OF the Commits
sioners to enforce each and every provision Of this
ordinance in relation 10 their duiy, according 10
its true intent and meaning and any failure OF
any one Of the Commissioners 10 comply with OF