The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-06-27
An THF GHplNAEeE IsAHSEoT TO or AUTH4nkzg dHRTa7E
SINKING FUND IOSDS OR CERTIFI-
GATES OF INnERTtDNES ESS

a i 0ikDINANCE TO AUTHUhizE
SINKING FUND IOSDS OR CERIIFI-
GATES OF INDEBTEDNESS.
Whereas, There are now certain bonds
of the city of Wilmington to the aggre-
gate amount of eighty-nIne thousand
day of July. A. D.. 1892 payment of
which must be made out OF the proceeds
of sale of Sinking Fund Bonds or Certih-
Gates OF Indebtedness to be issued accord
ing to the terms and provisions OF an act
OF the General Assembly of the State OF
Delaware. entitled: AN act to provide
e eS Of w Of oasses ses
at Dover on February 0. A. D., 1855. and
the. various and supplements thereto.
aud
Whereas The Finance Committee of
'rrhe Council and the Sinking Fund Com.
mirsioncrs appointed under the provis-
ions OF the act aforesaid have under the
powers conferred upon them by the said
act and the various amendments and
supplements thereto ordered to be issued
new bonds or certificates of Indebtedness
of the said city of Wilmington. from the
proceeds OF the sale of which provision Ia
TO be made for the payment of said bonda
so falling due as aforesaid. Therefore
Be IL ordained by The Councip' of Wil-
Section l. That the finance committee
OF The Council' and the SinkinG Fund
Commissioners are hereby authorizeda apdu
directed TO cause to be Iesne1 70 the na
of the Mayor and CQsa9l OF wilmingf
bonds or certifeafes ofendebtcdhess
the amount on oighty-nino thousand d
lars IN the aggregate which said bond
certificates OF Indebtedness shall be
nominated Sinking Fund Loan, and
credit OF the said the Mayor and Cou
of Wilmington is hereby pledged for
payment of the same,
Section :. Said bonds or certificate
Indebtedness shall be made stmilR@
form TO other sinking fund bondaEF cer1(
tiiicates of Indebtedness and s&Eil bear
interest at rate not exceedfhg per
en lii rss aaT q ana ssb
each and every year until 90 d bonds or
certificates of Indebtedness shall be paid,
and shall fall due and be made payable in
the manner following. to wit: One or
more of said bonds or certificates for
ihe aggregate sum OF twenty-etght
hundred dollars OF the first day of octo-
Der, A. ID. 1909; one or more of said bonds
or certificates of Indebtedness for tho
aggregate sum of seventeen thousand,
one hundred dollars on the lst day of Apr.
AD ipO3;one or more of said bonds or cer-
tiflcaies of Indebtedness for tho aggregate
sum of seventeen thousand. five hundred
and 80 dollars on thelst dayof Oct. A. ID. 1908;
one or more of said bonds or certificateso OF
Indebtedness Tor the aggregate sum of
eighteen thousand, one hundred dollars
on the first day of April, A. D.. 1904; ono
on more oil SAld bonds or certificates of
Indebtedness for the aggregate sum of
eighteen thousand. six hundred and flfty
collars on the flrst day of October, A. D.,
1904. end one or mere OF said bonds or
certificates of Indebtedness for the ag-
gregntc sum of fourteen thousand, eight
hundred iollars on the first day of April
A. d. 1905.
section 3. The said bonds or certid-
Gates OF indebtedness shall De disposed
of By the said Finance Committee OF
THO Council' and sinking Fund Com
missioners agreeably6to to thedireetiens of
"rhe Council" !" and the proceeds there
o! shah be paid to tho city treasurer OF
the city of w ilnington. md sucli pro-
ceeds shall he applied to the REDEEM pIfon
OF the following leans of said city to wit:
Loan No. Is on the books of the treasur-
ei OF said city for the sum OF fifty thous.
and dollars.n .nnd loan No. 10, on the books
ol lie treasurer of said city for tho sum
of hilty-ninc thousand dollars
I'nsstd at the City Hail. June .. 1892.
n. X. BENSON.
President Of the Council.
Attest; A. f. MsssIck,
CLERK of the ConnoiI.
Approved by Mayor. je.25