Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-06-16
Rf.n ADVERTISEMENTS.
PROCLAMATION!

provided siaS6n and pubeHtbIt the t' Soi ana
ing ordinance was;duly passed ACCORDING -, wv
at regular meeting Of Che Council Of the Jaw "a"
OF Wheeling. cay
Said ordinance provides for the i>>ue md s.,
amount aggregatihg not moe TIKI he H. sn M me
sS9 0OGI, s i05vs CDs ,sECr.,i VI
Said sum to be used and expended for no r,,
loving purpose only. viz: 0'
e+ass Gf aRE9 t5betfSS 81 e@; Tor The
Plant within the city of Bh7.i,ny. 1e"'
At IA special election to be held on the
} '' 9TH DAY OF JUNE, A. D.ls9
the qualified voters of the. city Of Wboo-i,..
shall vote upon the question Of the ratlf,s,i1..
or rejection OF The ordinance aforesaid VIII
ordinance he III che words and figures following
10 wit:
% An ORDINANCE
Authorizius the issue and sale OF Bonds of.,,.
City of Wheeling, and the Application on rfs
Proceeds to the Erection and Complotior' ~
an Electric Light Plant within the Cit. ~
Wheeling. --A i-f
Be IL Ordained By the Council of he or. NJ
.Wheetii19. as tO'i0tcs: .--.-....
SECTION I. The Mayor and CLERK of the CITY,
Wheeling are hereby authorized add d recied
make and deliver to the commissioners herein.
after named bonus Of the city tu The amourt ~
eighty thousand dollars. 10 pas for thu erection
and completion OF an electric light plant ui,h.
IN said city, which bonds shall b. Of TIE follow.
Iun denominations. viz: one. i,audred o( said
bonds shah be Of thp denomination oi one hum.
bred dollars each; one hundred OF the dcuon.
nation N five huntred dollars each. and tho
residue OF the denomination % one Thousand
dollars each: and shalt be made PAYABLE on M
before the first day of October. A. D ono thou.
sand nine hundred and one rt the Bank of The
Ohio Valley, in the city of Nheeiiug. ana shall
bear interest at the rate Of six I.er cent Der u-
nun. payable annually at SAID bank. tA. fist
payment or interest TO be on ~" first dut of De.
ti,ber A. D 1892 for which Interest rou. oi.> In
proper form shall be atIached 30 each bond
with the signature Of the Clerk of the CITY en-
graved thereon The said bonds Shall be- sign d
by the Mayor and countcrsign"j hy the Clerk.
and sealed with the seal OF said 'ty.
SEC. .. j. Jones, J. s.. Mayor and Robert
Simpson are hereby appointed Commissioners
and empowered TO sell the bonds az the cit, Au-
thoriZed by this ordinance, 10 no. less than
their par lue; and TO perform other ats and
duties hereinafter mentlc ned PrpcWsd hOiC.
eCef that neither of sand comniis.Cner> shall
net under this ordinance. until ar shall Lave
given bond with good SECURITY % be approved
By Council, i'm the penalty'tf ter Thousand i0l
lars conditioned aS in the cas- ok official hnud,
SEC. 8 The commissi qnpgssha .tnTocc' ".'.
highest bidder. for c.Sh, And II mn l',, lan
their par value con ferrni NJ inililthin.s ro .i,
provisions OF chapter l4l, Ac's ~. iS'2 al '.
Legislature Of West virginia.: 'ar ~ tir ..4s
l. appIlcADle.
SIC. 4 THE proceeds asiSi,,uJ from the >Ay
Of said boaes shall b. paleippt by said rom
miSsiQners To such person 9r sersons "a, the
coun6il '6f the said city shdil from time 20
time order aud direct. firoeictsd. 60Wtrfr. ila'
nopart thereof shall be expended Tor any other
purpose than IN the erection Pnq completion %
4 Il electric light plant within rhbcity.
SEC g. To secure'the payment'of said bond
and the puuctugl payment ef ths interest there
on,according Y their tepor h,ppd effect, the ke'
commissioners on the irsi.ctu % n October, on"
thousand eight hundred aud niEStyitwo and on
the, first .day, OF. Octobsr epcb, aud every year
thereafter untii stich bonds an coupons Shall
be fully paid out OF any Sno sd@ ofthe City Of
Wheeling in bis thandssa sIi4eiGpt sum TO pay
deemed, and In addition 'fheNeto the sum OF
efeht thousand 'doliatss 1sai6Tfor such sums the
Receiver shall take tie reeei pit ~ ,s9ld commi>-
sione5s and file the same with the Clerk. The
sum fle,.e ssarV TO paw the annual interest on
said bouds not redeemed aud the said add
tional sum of eight thousand dollars, shall be-
included in the annual esllIpAtes ana levy oi The
Council.
SIC. Is. The said commits bonrt, shall, out Of
the moneys they receive from The Receiver un-
der this ordinance. pay the annual Interest ac-
cruing on said bonds, and AFTER the payment Of
the interest rs IL becomes due Shall. on the first
dayof October one. thoilsa ud, light hundred
and ninety two. aud on the FIRST day OF October
in each and every year thercaiter.apply the res
bnuds to the redemption of the outStandinr
boads issued under this ordnance. at rate no
greater than their par vHiu": ~ SAID bonds can
not lie redeemed with Tire consent. OF the holG,r
ut their par value or less. then IN such case, Pho
said bonds to be- rcd -emed shall b" determl.i
bv Tot by said commissioners" VINO shall ti'tr
upon give notice to- tho holder or holders there.
OF by advertisement, published !or two weeks 10
the daily newspapers prpied IN me CITY o'
Wheeling Of the numbers 81 the bonds 10 be- r.
deenied Such bonds shall cease 30 bear inter
ext from the first day OF Octo0sr Of the same
year.
: SIC Z II shall be the duty 81 the commits
si6ners 60 keepa true aud accurate account OF
thor receipts and disbursements. and shall re-
port the same to the Council annually, and at
UGH other times as the Couccil may direct
A nd said commissioners shall cancel as they
are redeemed and delivered - the clerk OF the
city, the bonds aud coupons redeemed by them,
NJ least once in every year. and oftener II r.
1uired by the Council: and the aid clerk shall
preserve the same in book 30 De kept for that
purpose.
shall be exempt from municipal taxes by the
city OF Wheeling y,t.
SEC. g. For cause the Council Of the city OF
Wheeling may remove any one or more OF SAID
commissioners or their SUCCESSORS. and th'
and their sUcccsspts may resign
by giving notice in writing 70 the Mayor ~
Clerk Of said city. ANY vacahev shall be filled
by Council in JOINT session. ine bond shall boz
required Of every new coinInissioner as in The
SCI Is II" It shall bdtHc daGa5r' the commits.
Siopors,to enforce each and every provision oi
this ordinauce according 20 it, .rue intent and
meaning. And any failure upon the part Of any
one or the commissioners to comply with and
perform any duty prescribed by this ordinance
shall be deemed forfeiture o! his bond
SEC. n. Before the commissioners shall maxi
any sale OF said onds'they sban advertise in
the German paper aud the daily newspaper' ~
the city OF Wheeling, stating the time and place
in said city that they will receive bid iu
writing, for said bonds And the event that
the subscription exceeds the aggregate OF th'
bonds there shall br antADpOruonpent pro rait
among those bidding the highest Price
SEC II. The commissioners and their sue
cessors shall receive in tbr way OF compensa
ton for their services onc,hnll OF 0ne porceninm
OF the amount disbursed bv-tAafh nader this or
ciunnce in reddn ption Ofbths DYnds ana 10"
payment OF interest on said hpnc9, and in addl
ton thereto sum not 10 ,excee'l hfy dollars
Der anrum for clerical services land said com
lnissioners shah rec, i've 4 Z pE9r Wpens3llQn
for their services under llla 9rdJnapce
Srt' 10 This oriinarce ,liill t!ke effect from
aud AFTER It's rattAcati0n 'bS Re qualified voter
Of the city Of WheeiiBpSnt hnfleeisSb TO b" l'.N
OH the 9th DAY Of Jung. lSsi. .l
The y o gregaie amount 81 ndHb' rdness oi iN'
city OF Wheeling issued atnS suthoriz'd BY
lid city and existing ~ this 4gte Is S13' i'vff
This includes The Mqin. Str16t .Brid2c bon,,
l.1;iten under my handtLis lPIIa! aay OF Ia.'
,S1f,aT' ~ lrf...r"f ~ j.
- f.t.. G. W.SEABRIGHl
49,, nNXor. Of the C1yH W4gshng' " w.
Tey Clerk ofthe CITY of Whs'ilhg, y. va.