The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-01-17

due; and on the first day Of February, A, D
low, ANA on the Inst day OF February In eaCl
year thereafter until the bonds issued hereunder
are fully paid, they shall apply the money com
Ing into their hands for the purpose to the pay
ment OF the outstanding bonds issued hVT6un
der ~ lrAte not greater than their par value
WIN Interest II any, accrued and unpaid, Thi
bonds 20 be redeemed shall be determined By
lot by The. Commissioners annually between tht
tiTst and the twelfth days Of January in the year
1879, and between the list aud twelfth days 81
January In each year thereafter, until the bonds
Issued hereunder arc fully paid, and said Com,
miHsiOncrs shall thCieupOi Immediately give
notice TO tho holders thereof, by advert SemGnt
published daily. sunday excepted, for two
weeks, ~ the daily newspapers printed In the
cllS OF wheeling, Atatigg tte number n bonds
deemed Ut said Dollar Sayings hank on aud
after tho nrst dry, OF February next
succeeding, aud Will cease 10 bear IN.
terest from said days aud said bonds shall cease
month after the completion Of such publication.
II IL provided, however, that II the holders Of all
o. the bonds 80 drawn by lot shall DO known to
the said Comm iAsioncF9, the Ald Commissioners
may give actual notice In writing 10 such holders
within leu days after such dnwing, Which no.
tlcc shall bC tho same ~ that herein otherwise
| required 10 DO published and such actual notice
shall have tho same effect ~ IL 1t had been pub.
lIshsd 10 lho manner heFeinbetore set forth. Il
shall ho stated on tho iaCG Of each OF said bonds
that II shall be liable 10 redemption ut It's par
value with interest, II any, accrued and unpaid,
GU and ~ any tiIaC after the inst day OF February
a, p, l@9, The CITY Of Wheeling hereby pledges
aud ohlgAtes ItAelf 70 pay each year. after the
year 1893, and until said bonds are fully maid,
the onC.twGnty'tith u all Of Aaid bonds not paid
before the tlrst day Of February, 1880
sECrlON 7. II shall be tho duty Of said Com.
mlsSlOncFs to cancel NJ they arc redeemed the
bonds and coupons paid by them. and they shall
OH or bui0re the fifteenth day VI March In every
year, Rnn 0itener II required by Council, deliver
TO inc CLERK Of the City all redeemed and can.
celled bonds and coupons In their hands, and
tie CLERK shall preserve the same In book to be
provided for that purpose.
SECTION ~ II shall DO the duty Of tho Commits
si0nCrS 10 Keep u true account Of their receipts
NM disbursements and report the same 70 COlin'
ell annually In every month Of March md ut such
| other time rs the Council kllall order.
SECTION .. The Council Of said city may for
cause remove my one or ni9fG OF the Commits
slollets, Or thGlr successors, mud the Commission.
oIA or their successors may resign by giving
notice III writing to the Mayor OF Clerk Of Inc
ely. ANY vacancies shall be filled by the COun
ell In Joint session.
SEc1lnS ~, No person shall act rs n Commits
sloner under tllS ordinance until after he shall
nave gwen BOND with security approved BY the
Council IN the penalty OF ten thousand dollars,
which bond shAll DO payable to the City OF
wheeling and shall DO conditioned 10 the fol-
lowing effect.
The condition OF tho above Obligation is such
that, whereaslhe above bound has been duly Ap.
pointed Commissioner under I'M ordinance Of
the City otWheellng, entitled "An ordinance 10
provide Tor the Issue anu sale Of bonds by the
ivy q Wheeling, and for the payment and re.
ucmpiion thereof passed, and llaS accepted the
said appointment; now, therefore, ifsald---,
during his c0ntihunnte ~ such Commissioner
shall IN all thugs faithfully aud diligently dis
charge his duties us such Commissioner, and
shAl wen and truly lccOunt for and pay over 10
sugh person or persons ns Ahlll be entitled 10 Fe
cQlvu the same, all moneys TINT shall come Into
his hands or IN his control Us such Commission,
q; then shall tue foregoing obligation be void,
Otherwite 10 remain III iull force and virtue.
SECTION II. II shall be the duty Of the Commits.
sl0uGTs TO enforce each aud every provision Of
this ordinance In relation TO their duty, accord.
Ing to Its true intent and meaning, aud any fail.
| ure OF any one OF the Commissioners to comply
with or perform any duty prescribed by this or.
dlnAnco slRll be deemed a violation OF tho con.
dillon Of his bond.
SECTION u. Before the Commissioners shall
make any sale 81 said bonds they shall advertise
for at least four weeks in the daily newspapers
published In the city Of Wheeling, giving the
time when and place where In SAld city they will
receive bids III writing for said bonds. Should
the bids exceed the an'ountoi bonds to be i'sued
tho bonds shall DO apportionGd By the Commits.
sl9nGtS among those bidding the highest price.
SECTION ". The commissioners shall receive
as compensation for their services throecights OF
one per Centuln on tho amount dlsbursed by
them under this ordinance III tho redcmptIOn Of
bonds Issued hereunder aud the payment Of IN.
toTCst on such bonds and no more, Such com,
penEltIOn shall DO III full for all services Of every
description rendered by Or.rGQuirDd Of tho Com.
mlssiOnGrs, or any Of them under thiSOrdlnRncC,
and no extra pay for clerical or other services
shall be allowed exceeding nifty dollars per an.
NUN, such commissions 10 DO only charged on
the amount OF money received by the Commits
Eionefs Tor, and BY them applied 10 the Tedemp,
ton Of bonds under. this Ordinance aud payment
Of the Interest thereon and not on money fecely.
cd from the sale Of raid bonds or on the amount
Of any bonds received In exchange for the bOulS
Issued under this Ordinance.
SECTION II. Should the date OF any OF tho nay.
mentS mentioned In this Ordinance fall uuOtl
Sunday, such payment shall be made upon the
| Saturday next preceding
| SECTION ID. This Ordinance shall take effect
from aud after It's ratification BY tho qualified
voters Of the City OF Wheeling, al an election "a
be held on the Alh day Of January, 1881.
All PERSONS voting for the ratification OF the
Ordinance herein set forth, Ahall have wrIltOn OF
printed on his ballot the words ''FoF RatiiIca
ton and those voting against ratification shall
"For Rejection"
The aggregate amount Of Indebtedness OF tho
CITY 81 Wheeling issued aud authorized by the
said city, and existing at this date Ia S57l ,O 90
| Given under my hand this 9th day OF January
1850,
wv. sEABRIGHT,
= ~ Maker SaESF Stthe City of Wheeling, viva.
CLERK Of the City Of Wheeling, W. Va.