The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-04-04

18th Day Of April, A. D., 1890,

18th Day Of April, A. D., 1890,
tho qualified voters Of the city Of Wheeling shall
yole upon the question Of the Ratification or It,
jcctlou Uf the Ordinance aforesaid, Which Or.
iiinancc Is In the words and figures following,
t8.wlt; rEI grIn
AN ORDINANCE 10 Provide for tho ISSUE and
Sale OF bonds Of the City OF Wheeling. to DO
known Ms tho "Nlnin Street bridge Bopls,"
mud for the Redemption and Payment thereof:
WHEREAS. Tho stone bridge on Main street,
In the City Of Wheeling. over wheeling Creek,
was destroyed by n ftcshot therein; and
WHEREAS. \ permanent bridge Ncross Wheel.
Ing Creek on Main street Is MI urgent necessity;
h. Il 0rLatntd BY TIC CouaeG Of The CITY Of tfhce;.
ING:
. sEcrioH1. For the purpose OF providing means
for tho construction Of rermaticnt new bridge,
on Main street, Ia the City Of Wheeling, over
Wheeling Creek, tho Mayor mud Clerk Of tho
CITY Of Wheeling are hereby authorized and III.
str,cted to make, AMI on tho l7th day OF June,
liver to the Comm Issoncss hereinafter named
ant arrolntcd. the bonds Of the CRY Of Wheel.
lug, dated tho first day Of July, 1870, for MI
amount nggreghtlng not more ihnn one bundled
thousand dollars, which bonds shall BIO OF the
following denominations, Viz: One bundled Of
the said bonds shall be OF tue denomination Of
ouu hundred dollars each: ono hundred Of tho
satl h0ads shall be Of the denomination OF Ave
hundred dollars each, md the residue Of the
sald bonds sha!l bs Of TIT denomination Of one
btred consccutively from one upwards. The
said bonds shall DO made payable OH or before
tho first day OF July, a. D. 1874, ut the Bank Of
The Ohio Valley, In The City Of Wheeling. with
interest at tho into otl,s per ccn.um perannum.
and on the irst day Of July III each year there.
after, until and Including tho year ISL, at tho
said Bank Of the Ohio Valley, In tho City Of
Wheeling: for which Interest coupons, In proper
form, shall be attached 10 each bond, with The
engraved thereon. The said bonds shall Dc
signed by. the Mayor, coun,crsgued by the
Clerk OF said city, aud scaled with the seal OF the
City Of Wheeling TO be attached thereto by the
Mayor Of the city. Neither tho said bonds nor
The eoupons thereto shall DO subject 10 taxation
under the authority Of the City Of Wheeling.
SEGrl0H2. lie Il further ordained by he Council
Of The CiiVoJ lphttlfHp, That Y. i. JepSo,, MyrOu
Hubbard and T. y. Riley be and they are hereby
appointed Commissioners, and empowered aud
Instructed 10 sell the said bonds 40 delivered to
them at not lcs than their pnr value, aud In the
manner provided In Chapter Ill Of the Acts OF
1879, OF the Legislature OF West virglnia.
SECTION $. The said bonds shall be lSsucd only
for the following purpose: For paying for
materials used In the construction OF md for
labor and other necessary expenses Incurred In
and about tho construction OF u permanent
bridge on Main street, In tho City OF Wheeling,
over Wheeling Creek, and shat 0n'y be issued 10
an aggregate amount ucient 10 pay for such BRIDGE
The proceeds arising from the safe Of said bonds
shall be paid out by the said Commissioners TO
the amounts for which 1t Is hercInbctore
provided, tbAt they shall be issued for the pr,
pose herein provided. aud to suoh persons or
person as the Council OF said city shall from
time to time direct, but only for the purpose
Aforesaid. ,s..f fr1.'.., 49, i
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 Ior
otner purposes Is made, until all the bonds
Issued under the PROVISIONS OF the ordinance are
paid, Il direct lux upon Nil tho real estate and
taxes, which direct tax shull be levied as sep.
arnte tax, and, III addition TO I'LL other taxes thu,
may be levied for The benefit OF The city. md
which shall be sufficient to produce In each year
until and including the year l9!3. sum
sufficient to pay the interest annually accruine
upon the sait botlds 50 issued, aud which levy
shall, after the ycnt 1899, until tho said bonds
shall be fully redeemed and satisfied be sufficient
10 pay annually the interest OH such Of sni,i
bonds as shnll be unredcemcd and In addition
thereto, to redeem In each year thereafter the
0ne.twcnty'illth OF said bonds Issued hereunder
and not paid before the 18th day Of June, 1860
The said taxes shall be collected In such nanne,
Ms Is, or may be provided by law. and the or,
dinances OF the city, for the collection Of other
taxes OH real estate and personal property. The
Collector OF the city shall pay into the treasury
at the same time aud in the same manner as he
Is now required BY law to pay over taxes col.
lecied for sa!d city for general purposes, the
total amount Of thu. taxes levied and aSscsseJ In
which shall have been collected by him. The
said taxes shall be, by tho Collector, while In
his possession, and by tho city depository, into
which the same are paid, kept and accounted
ior separate from all other moneys OF the city Of
Wheeling. i.ss. is' .fg.4...-- ~
SECTION 5. The Receiver OF the city shall, OIL
or before the 18th day Of June, 1891, and on OF
before the 18th day OF June In each and every
year thereafter, uuti! the bonds issued there.
under are la!ly paid of, pay to the said Commits
been paid into the treasury upon the account d
the direct tax levied In pursuance OF the re-
quitements Of THIS ordinance. While the said
funds remain In the treasury, 1t shall be the
keep the same deposited in some bank or banks
OF the City OF Wheeling at the best rate OF inter
est they Gun obtain, which interest shall be nc.
counted for mud paid over into the treasury,
upon making payment to the Commissioners 81
tic principal Of the funds derived from said
taxes. The receipts OF said Commissioners for
money shall BIO flied by the Receiver with ,he
Clerk OF the city, an! shall uc preserved by him.
sEcrloS 6. The kaid Commissioners, out Of the
moneys received by them under this ordinance,
shall pay the courors With the bonds issued I'm.
der this ordinance as they become due. I, on the
first day OF July, 1891 and on the first dny OF July
In each and every year thereafter. Until ih1c
bonds Issued hereunder are fully paid, they
shall pay the Interest coupons coming due; and
on the first day OF July, 1900, and on the first day
the bonds Issued hereunder are fully pald oil:
they shall apply the moncy coming into their
hanls lot the purpose to the payment OF tho cut.
standing bonds issued hereunder at rate not
any. accrued and unpaid. The bonds 10 be ro.
deemed shall be determined by lot hy tho
Commissioners annually, on tho 18TH day
Of June. In the year 1900, aud Oh tile 18th
day OF June in each, year thereafter,
fully paid, and the said Commissioners shall
ess thereof, BY advertisement published daily,
Sunday excepted. for two weeks In the daily
newspapers printed in the City Of Wheeling. stat.
the same VIII be rcdccEed at said hank OF ms
ohio Valley, In the CITY OF Wheeling, on and
after tho LIST day Of July next succeeding and
VII! cease TO bear interest from that day. aud the
said bonds shall cease to bear: interest from the
Of the sal publication. 1t is provided.
however, that II tho holders OF, : ali
OF the said bonds, SO drawn by lot, sllull
he known to tho said Commissioners, tho
said Commissioners may give actual no.
after such drawing, which notice thall be the
same MS that herein otherwise required 10 be
published, aud 8uch ACTUAL notice stntt have
the slme effect ms Il It had been published In the
manner herein before, set forth. 1t shall DO
slated on the face Of each Of said bonds, that il
shall be liable TO redemption at It's pnr value,
with interest, II my, accrued mud unpaid, OH,
and at any time after the. LIST dry Of July, A, b.
1909. The CITY Of Wheeling hereby pledges ami
oblirates i!selt to pay each and every year after
paid oil! the ono twenty fifth OF said bonds
10 Issued and not paid before tho lst day of July