Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-06-17
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PROCLAMATION!

=. w. SEA BRIGHT, MAYOR OF TIM
L, city OF Wheeling, DO hereby il, III
ance with the provisions Of IAN ae, - II, ACCORD.
ture OF West Virginia. In such case M l. -.'.
provided, announce and pubIi,hfhgt.t'.'e,'" 'hl
ing ordinance was duly passed accor,lir.,
at regular meeting OF the Council N fiec .."
OF Wheeling. UT,
Said ordinance provides fJr the i..,,....t
OF the bonds Of the city u Whe.lin1, ,,.
unit aggregating not more than h. .' '
$50 90.
Said sum to be used and expended for,s4,.
low NJ purpose only. viz: ''
For the purpose 81 providing mean. r.-.t
erection and completion ~ an tl,ctr... TX.
Plant within the CRY OF Wheeling
At aspscial election u be- helg ON the
9TH DAY OF JUNE, 4. ID is.i
the qualified voter, Il the city Of VIII.
shall vote upon the question Of the raf.f....-
or rejection OF the ordinance aforesaid .I.
ordinance Is in the word, and figure, f.l..,'..
TO wit:
AN ORDNANCE
Authorizing the issue and sale OF Bond, 10.
City OF Wheeling. and the Apylcat.0r.f.
Proceeds 10 the Erection and Compile
an Electric Light Plant within the a.
Wheeling.
Be Il Ordained By The Council Of TIE Ct.s
Whetfing az 10 fO5Cs:
SECTION |. The Manor and Clerk 81 tl,......
Wheeling are hereby authorized and d r..,..,
make and deliver to the commissioners l...,
after named, bonds OF the citt 90 the amour,f
eighty thousand dollars. 10 pay for the rrrr..-
and completion OF an electric lirhf NJ All ,,...'
in said city, which bonds shall be- II The f....
ing denominations, viz: One hundred OF ,.s
bonds shall be OF the denomination OF on, iur
dred dollars each: one hundred Of the demon
nation of five hundred dollars each auIr.
r. sidue OF the denomination OF one thou,,rf
dollars each: and shall be made payable ono
before the first day OF October. A. h one tlon
sand nine hundred and one, AT the Bank II ,t4
Ohio Valley, in the city OF Wheeling. ana shall
bear interest at the rate OF six per cent per sn.
num- PAYABLE annually at SAID bank the fr..
payment Of interest 20 be on the first da, of De.
tober, \. ID. 1892, for which interest cou on, In
proper form shall be attached 10 each bond
with the signature OF the Clerk q the city OBJ.
graved thereon. The said bond, shall be- ,ignG
bv the Mayor and cOuntersigned by the CLERK
and sealed with the seal of said city
SEC . J J. Jones, J. s. Naylor and Rober,
Simpson are hereby appointed commissioner.
and empowered to sell the bonds of the cit, 800.
thoriZed by this ordinance, ~ not less than
their par value: and TO perform other act, and
duties hereinafter menti ned. PfOr,dd. h0f
eger that neither of sand commissioners shall
act under this ordinance until he >hal. have
given bond with good security. To be- approved
BY Council. in the penalty OF ten thousand DID.
lars. conditioned as in the case OF ollirl. hll,.
SEC 3. The commissioners shall proce'l niri.
out avoidable delay, to sell such boa, ,o tiIr
highest bidders. for cash, and at not jos. 'i.r
their par value, conforming in all thing, N.
provisions OF chapter l4l, Acts OF lN123 90. 4.
Legislature OF West virginia a. lar rs tAr same
Is applicable.
SEC t. The proceeds arising from tae ,a.
OF said bonds shall be paid out by SAID r0l
missioners to such person or persons a. NE
Council Of the said city shall from TIM 90
time order aud direct PrOUided. hOweUer, that
no part thereof shall be expended for any Other
purpose than in the erection md completion VI
an electric light plant within the city.
SEC 5. To secure the payment OF ga u bohl'
and the punctual payment OF the interest there
on according to their tenor and effect the Re-
ceiver Of the city Of Wheeling shall pay 10 said
commissioners on the first day OF October one
thousand eight hundred and ninety.two, andon
the first day Of October each and every year
thereafter until such bonds and coupons shall
be fully paid out OF any moneys OF the City Of
Wheeling in his hands, sufficient sum to pay
the annual interest on said bonds not r..
deemed, and in addition thereto the sum Of
eight thousand dollars; and for such sums the
Receiver shall take tie receipt OF said commits
sioners and file the same with the Clerk The
sum necessary to pay the annual interest 90
said bonds not redeemed, and the said add
tional sum Of eight thousand dollars, shall be-
included in the annual estimates ana levy Of Tie
Council.
SEC g. The said commissioners shall, out ~
the moneys they receive from the Receiver un
der this ordinance. pay the annual interest 49,
cruing on said bonds, and after the payment oi
the interest "a II becomes due snail. on the i'>i
day of October, one thousand eight HUNDRED
and ninetv-two, and on the first day Of Ocinhrf
In each aud every year thereaiter.apply tlf Pes
idue Of the moneys then remaining DO Tick
hands to the redemption OF the Outstanding
bonds issued under this ordnance, at tair Not
greater than their par value. If said BOND, cam
not be redeemed with the consent OF The holder
at their par value or less then In such cas"s ihr
said bonds to be red emed shall be determine
by lot by said commissioners. who shall There
upon give notice to the holder or holders there
OF by advertisement. published for two weeks DO
the daily newspapers printed IN the CITY "
Wheeling, OF the numbers OF the bonds 20 be 2,
deemed Such bonds shall cease To bear lnte'
est from the first day Of October OF the sam
year.
SIC. Z. 1t shall be the duty OF the cOmm,
sioners TO keep true and accurate account Of
their receipts and disbursements, and shall ~
port the same To the CCnncil annually. and ~
such other times as the Council may direct
And said commissioners shall cancel a. they
are redeemed and delivered to the clerk OF The
city, the bonds and coupons redeemed by them.
at least once in every year, and oftcner II r.
CURED by the Council: and the said clerk shall
preserve the same in "A book to be kept FOR that
purpose.
SEC s. The bonds issued under this ordnanr'
shall be exempt from municipal taxes by the
city OF Wheeling.
SEC O. For cause the Council OF the city az
Wheeling may remove any one or more ar -aN
commissioners or their successors. and 'ir
commissioners and their successors may resign
by giving notice in writing to the Mayor w
Clerk Of said city. ANY vacancy shall i" h..,4
by Council in JOINT session, and bond shall if
required Of every new commissioner rs in ne
first instance.
SEC 10 1t shall be the duty OF the commi,.
sioners 10 enforce each and every proyl>"h '
this ordinance according to its true u'"ni "n4
meaning. And any failure upon the part oi any
one Of the commissioners TO comply WIN auN
perform any duty prescribed by this ordinAh'
shall be deemed "A forfeiture OF his bond.
SEC. II. Before the commissioners shall mAh.
any sale Of said tOnds they shall adyeril''
the German paper and the daily newspapers
the city Of Wheeling stating the tim" ana pi''
in said city that they viii 'eceiy" bld,
writing for said bonds And IN the event iih
the subscriptio \crtd' 10" ag9''SAl" "i
bonds there IA "a br an apportionm"nt pro rl'
among those lddtug 80" highest price
SEC T. The commissioners and their ~.
cessors shall receive il th- way Of compens-
ton fer their services onc-half 81 one PERCENT
of the amount disbursed by them under tn ~
dim noe in redemption OF the bonds an
payment Of interest ON SAID bonds. and imam
ton thereto "A sum not 70 exceed MY a'' '
perannum for clerical services. and SAID ,
missioners shall receive no other compen'A''-
for their services under this ordinance
SEC l3 This ordinance shall take "U' 'i j..
and after its ratification by the quallh'l "'t
Of the city OF Wheeling AT an election i' '''''
on the 9th day JuHr. 1891 ,t
The aggregate amount OF indeb'r'h' I
city OF Wheeling. issued ard huih"iII. 80!
aid CITY. and existiDgat this date }, s5' ~
This includes the Main Street Brld-" 'ont-
Given under my hand this 18th dat '
1891. ..,.,r,nT
Mayor Of the CITY OF Wheehus
THOMAS +. rHONER,
Clerk OF the City Of Wheeling b