Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1891-03-02
Thursday Night osly.
''HOyt's Brass Monkey
CITY ORDINANCES.


AN ORDINANCE
IA TO AUTHORIZE
THE ISSUANCE soF CERTAIN SINKING
FUND BONDS OR CERTIFICATES OF
INDEBTEDNESS.
WHKRHAs, There are now certain Bonds of the
City of Wilmington to the amount OF Thirty
Thousand Dollars $50 on }, f-lling due on the
LIST day of March, "A. D., 1891, paym mt Of
which must be made out Of the p oceeds OF
the lie Of sinking Fund Bonds or Certificates
Of Indebtedness to be issued according TO the
terms, conditions and provisions Of IAN act
the Bonds of the City OF WiiminRton,n
passed at Dover, February 3, 1855, and the
various amendments and supplement
WHEREAS, The Finarce COMMITTEES Of
Council and the Sinking Fund Commission
ers appointed under the provisions Of the act
aforesaid, have under he powers conferred
q them BY said eet, and the various amend
ments aud supplements thereto ordered to be
issued new bonds of the City of WilmiI gton.
or certificates OF indebtedness ont of The pro
ceeds of which provision is to be made for the
payment of the bonds of the City OF Whining
ton, on the 1st day of March aforesaid: and
WSEREAs. THE Council" are authorized
TO cause TO be issued the aforesaid new bonds
or certificates OF indebtt dness, under the
terms, conditions and provisi ms of An act
TO provide sinking fund for the payment OF
the city DEBT of Wilmins tou," pa ssea at
lover, Februarye. 1855, and the various
amendments and supplements thereto, now
Be It ordained by The Council of Whining
ton:
SRcTIoS !. That the Finance Committee Of
Council and the Sinking Fund Commission
ers are hereby authorized and directed to
cause to be issu in the name of the Mayor
and Council Of Wilmington Bonds or Certifi-
Gates OF Indebtedness to the amount of
Thirty Thousand Dollars (S30,0M) which said
Bonds OF Certificates of Indeb,e ,edness shall
be cenominated sinking Fund -Four Per
Cent. Loan" and the credit Of the city is
hereby pledged for the payment of the same.
SECTION 2. Said Bonds or Certificates Of
lndebtedr ess shall be made similar In form
10 other sinking und Bonds or Certificates
OF Indebtedness, and shall bear interest at
the rate Of four per cent. per annum payable
semi annually, on the 1su days of April and
october IN each and every year, until said
~ onas nat5 or oeruhcates OF Indebtedness shall
sRcTloN 3. Said Bonds or Certificates of
indebtedness shall be issued in amounts TO
GEll que ana become payable with any inter-
est that may be due thereon in manner fol-
lowing, that ts 70 say: One or more of said
= nds or Certifeates of Indebtedness for the
sum Of SIX Hundred and Fifty Dollal $500
to fall Cue become payable April lst, 1900; one
or more of said Bonds or Certificates Of In
debtedness for the sum of Fourteen Thou ,and
Seven Hundred and Fifty Dollars (Sl4.75lO 10
fall due and become payable October lst lpgl.
one or more Of said Bonds or Certificates OF
Indebtedness for the sum OF Fourteen rhous-
and and Six Hundred Dollars (sI4.6o0l ia fail
due and becoTe payable April lst 1901.
SECTION 4. The said Bonds or Certificates
OF Indebtedness hereby caused to be issued,
shall be dis osed Of by the Finance Comm ittee
and the Sinking Fund Commissioners, agree
ably to the directions of the SAL The Coun-
cii !" and the proc eds thereof shall lie paid to
the Treasurer of the City of Wilmington, aud
su proceeds shall be applied to the redemp-
tion of loans nf the City Of Wilmington TO The
amount of Thirty Thousand Dollars $500 %
falling due on the lst day Of March, A. d.,
1891, being Loan numbered on the books OF the
Ire ssurer of said city sforesaid sixteen 1B)
Passed AZ the CITY hall, Renru Ty 1891.
JOHN q. FARRA.
President of the Couaen.
Attest: A f. MEssICK, Clerk of the Council
fully approved.
AUSTIN HARRINGTON, Mayor.