The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-06-13
g7thjDay Of June, A. D. 1881.
AN ORDINANCE

Ut telectlol OF tue Ordinance Aforasa1 -
ofvtnynce Is in the words aud fgurts iSiios9fa
AN ORDINANCE
Authorizing the issue aud sale Of pora, !, .
Sity oil Wheeling, and the Applicatios y ~
fIoGscus 10 me EFectiOn aud ComIls,,s. !,
a. Electric Light Plant within ~ 't nv I;
Wheeling. wy I
De I. ortai,aa blythe Council Of Ire Ctyo, a.
ing as oltplrs: Ivy w
SECTION ]. The Mayor and Clerk Of ,b.,,..
wheeling aE4 hereby authorized and iirsssi.{ !.
make anu dEiiver 10 tue COMMISSIONS, ~.
inter naned Of the city 10 HE s,us 49,
eighty thousand dollars, TO pay for ihS S,.'
and completion Of An electric Fight MIN, I'M
said city, which bonds shall be Of liz io,Ioa.slA
denominations, viz: one hundred Of hi W.
shall be OF the denomination OF ora b,,sIis-
dollars each; one hundred OF the denomIr,...II.s
OF five hundred dollars each, and Inc ntJI.l.
the Denomination OF Que thousand dollar ~!
md shall ,hegnude payable on or before IN ~
day OF october, \. d. one Thousand nine busi.i
and one, at the Bank Of the Ohio Vnllrv h n
city OF Wheeling, and shall bear intcn,i !, \.
rate OF SIX per cent perannum, payable gbrs,S,
ut snid bank, the first payment Of Interest N
on the first day OF October, A. y. lSg M y,
Interest coupons In proper form shall X \
tnched TO each bond with the signature Al x.
CLERK 9iithe lcily engraved thereon. he IN
pouus Shpti W. signed Dy the Mayor and COunie
signed Dy the CLERK, ana sealed with The NslIi
saIu clty' -
=, SEC, :. J,J; Jones, J. 5. Naylor and ROA,a
simpson ave hereby appointed commissioner
thorlzed by this ordinance, at not lcss lhanI.,
par Value; and TO perform other acts and Am.
hereinafter mentioned PnOridsd, AotCftr N,
neither ofikRld commissioners shall act NM,
tnlS ordinance until nc shhll have giTen hor
Win GOOD security, 70 be approved by C01tti
IN the penalty OF Ten thousand dollar, CpndiyiS
co as IN the case Of Official bonds
sEc. y inc commissioners shall proceed via
out nYoldAnlq delay 70 sell such bonds 10 q
hlghebt DldgQrs, for cash, ana a. not les ~
lnelr par VAlue' conforming III AL thing 70 u
pEOylsloIisut cngpler ~, Acts Of lSl.S Of u
.LesislatuF9 81 West virginia US iar as The Anti
nppNeab!e.a
SIC. T. me proceeds arising from the M 4
sllu bOntS snail bt pld out ny SAID comihiehn
cfS TO Snch person or persons aS the Council 4
the said city shall from time 10 time ONiet n
direct: IToHdcd, h1ftfer, thai no part lhttl
AhaII DC expended ior any Othgr purpose lbl b
tne ctectiQh ana completion oil an electric Va
pllnt wltAlp the city.
SIC. 0. ~ secure the payment Of aid b0nh
and the punctuAl payment OF the Interest TIN
on according 70 their tenor and elect, The d
celver OF the city Of wheeling snail ray 70 nj
commissioners on the INST day Of October, vi
thousand eight hundred and ninety.tWO end a
the first day Of October each and every ia
thereafter until such bonds aud coupons ihtl
BE- fully PAD .out, OF any moneys Of The rlE q
wheeling N bis hands, sluhcienl sum 10 ~
the annual interest on SAID bonds not redeenet
and IN addition thereto the sum OF eight iA0s
sand dollars; and itOr such sums the RtteiIe
snail take the receipt o. SGln commissioned M
file the same with the Clerk. The sun IecesaiI
TO pay the annual interest on said bonds n0irl
deemed, and the said additional sun Of ellh
thousand dollars. shall be included In the anna
estimates and levy OF the Council
SEC. D. The said commissioners shall, out q
the moneys they receive from the Receiver ~
der this ordinance, pay inc annnh Interest y
cruing on said bonds, ana aileE me payment y
the interest as II becomes due snail on The tni
day OF October, one thousand eight huncfs5
and nlnety:tWO, and on the Aist DAY o. OclOo1
IN each and every year Thereafter, apply me NJ
idue OF the moneys then remaining In lei
hands TO the redemption 81 the 0ush1elai
bonds Issued rnder THIS ordinance, at I1le nd
not be redeeked with the consent of the hoats
at their par value or less thsh ~ such etsei "
Enid bonds TO be redeemed snalI ~ geIeiH ll
by lot BY said commissioners VINO Ahall tleis
oA'S aN'aNN 4 q y
by advertisement published ioF Two FeEn Y
tue daily newspapers printed " ne tY
Wheeling, OF the Numbers Of the bon9t 10 bele
deemed. Such bonds slqil cease 70 Deat lhitN
est from tbs Hrst day 81 9stooGr9 q tGS Saiae !
SEC. q. ltshlll be the duty o. me Iomlp Y
ers 10 keep u true and accurate account q lnsi
receipts and disbursements; aud thalI EegO1II y.
same TO the Council annually, anu " sven O,ne
times us the Council may direct: ana Wy SSg
lnisSioners shall cancel as iney ny Nles slNS
and delivered 70 the ClerE o. Ihe gl! lhe VoaS
and coupons redeemed BY them. q! Ita.I VS. S. y
every year, and Oftener I required BY me C9as
ell; and tlGsald,clerk shall preserve me salen
o book % be kept Tor that purpose; .,....
SEC, g. The bonds Issued under ms oIg y. V.
shall be exempt from municipal tA1s " "a
city Of Wheeling. !,
SEC 9. For cause the council OF tas y ~ ~
Wheeling may remove any one OF ulOte y ~ Y.
commissioners or their SUCCESSORS, anG -, y.
commissioners and their successor may Le,ts
by giving notice In wiring 70 Llg IsISSIn ' y
Clerk OF snld city. Any vacancy shals " ~ au
by Council In joint session. ana Dola sna X, y n.
quired OF every new commissioner as III 'ae E''l
instance nj, 49,.
SEC. 10. Il shall be the duly OF tne MI 1ll
sioners 10 enforce each and every PECSS,l0. !.
m IHes SF And Ht any failure upon the pa
one az The commissioners 10 comply Win I.