The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-07-27
PROPOSALS.

An ordinance to authorize the issuance
of certain Sinking Fund Bonds or Certlh
cafes a Indebtedness,
Whereas, There are now cert ain bonds
of the city Of Wilmington to tile atzIo-
gate amount OF $1,000 which will fAit due
o the FIRST day OF August. y. d., lSal,pHy-
mcnt of which must be made out OF the
proceeds OF sale of SHAKING FUND Bonds
or Certificates OF Indebtedness to be Is
sued according 10 tho terms and provi-
siOiis OF an act OF the General Assembly
OF the state Of Delaware entitled AN act
10 provide Il Sinking Fund for tbs pay
mont Of the bonds of the city OF Whining
ton pa SD nj Dover on February 9, A.
H. 1850, and the various northumberland
supplements thereto,
And whereas, The Finance Committee
of the Council and the Sinking Fund Com
iiiissloncrs appointed u der The prnyi
sipEs OF tine aeI utoi esaid, hive under tie
powers conferred upon thelI by the said
act, anu tint various amendments and sup
PIGMENTS thereto, ordered 10 Ice Issued
new bonds on certificates OF Indebtedness
Ut the sail city OF Wilmington, from the
prect ahs Of the sale Of which PROV ision Is
to be lnudp for tie payments Ut said bonds
80 failing dls AS afore itil
TheTetOre, De II ordained by the COuu-
| eli of Wilmington.
Section /. That the Finnace Commit toe
| Of the Council and tho Sinking Fund
| Commissioners are hereby authorized and
directed 10 rause to he issuel ia the name
OF the MaAornnd COuscil Of Wilmington.
/
the amount OF Si5.,GJ III tn aggregate
which said bonds or ceTl III l'a'cS uf lnnrbt-
| eiHess shall I've deI.t NINA. cd sink Ing
| Fund Loan AMI thu Gre Ut Of tle said the
| Mayor aud Council OF Wilmington ishere-
| by pledged tuT Tic payment OF the stino
| Sectloa .. said bonds or c rsinCntus of
/ Ind eb; eint SIS shall be ma IL similar Ia form
/ TO other sinking FUND bonds or certificates
OF Indebtedness and s.iall boar interest II
II rate NOT exceeding 81 per cent. per an
1 mum, payable srml-ahnuHtly on the irsi
! day Of Apiil nEd October in each una
every year Intll said bonds or certificates
| OF indebtedness shall he paid, and shull
| full due and lhC made payable In the man
ner following. u viii !. Dne or more Ut sail
bonds gr certificate s FOR thengsFegute sum
| Of sJ5u on the Htst day OF Aptil. A. D.,
| 1891 one o: more OF said bonds Of ccItifi-
Gates OF Indebtedness To the nygr gate
ulHouni OF Sl5.G1j on the FIRST day oil OC-
toh1r, \. D.. 1871 one or more OF the said
| bonds or certificates of Indebtedness Tor
| the aggregate sum OF s!hl0U ca the Inst
day of Aprii n, d., 1907 and one or more
OF said bonds or certificates oil Indebted
ness for the aggregate sum Of 1890 on
tue iifst day OIL Dstoher A. d., l))3
Section 3. The said bords OF certificates
OF indebl cdness shall bc disposed OF hy the
said Finance Committee OF the Council
and the sinking Fund Commissioners
ngreeRbly to The direct OnsO OF the Council
and the proceeds thereof shall he paid IL
the city treasurer of thu city OF Whining
ton and such proceeds shall be applied tt
| thr reclamation of the follow lng loans oil
said city, TO Wit Loan No. Is on the book:
of the treasurer of said city far the sun
of 5000. and Loan No. u on the books OF
said treasurer for the sum OF sii,0jJ.
Passed at the city Hall. July q: 1891,
President of City Council.
Council.
APPRovFp: S. j. WILEY, Mayor.