The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-12-10

IA the issuance of certain Striking
Fund Bonds or Certificates OF Indebte d
mesa,
Whereas there are now certain bonds
of tho City of wilmington 10 the aeRre
gate amount of sixty Thousand dollars.
which will fail due ON he first day oil
January. 1893. payment of which must be
made out of the proceeds OF sale of sink
ing Fund Bonds ur Ceftitientes Of ndcbt
sdness, 10 DO il ucd according to the
terms aud piovisions of an Act OF the
General Assembly of the State OF bella
ware. ehtitled An act 10 provide = Sink
ing Fund tor the payment OF tile bonds
OF the City of Wilmington." pass ii AT
Dover on February gth. A. d.. lSjb ami
the various amendments aud supple
meuL> thereto.
Aud Whereas TIE Finance Committee
oil the Council and Sinking Fund Com
IN sSiOnerS appointed under the pruyts-
ions of the .itL aforesaid have und IT the
powers conferred upon tiem by the said
Act, aud the various amendments uud
suppl mcnts thereto. ordered 10 he issued
new bonds or certificates OF tue city oil
Wilmington. from the proceeds OF the
sale OF VIII CHI provision Is to he made foI
the payment ut tie laid bonds 50 falling
due Ms aforesaid;
Therefor. BE il ordained by the Goun-
ell OF Nilmington,
Section |. That the Finance Committee
OF tho Council and the sinking Fund
Commissioners are hereby authorized ann
directed to eau 10 lie ISIS led Ia he nam
ton. bonds or certificates of indebttdnuss
To the amount ot sixty thousand dollars
In the aggreRat e. which id bonds o Ger
tihcates Il Indebtedness shall he denuml
mated Sinking Fund onI and the cred /
OF the said The Mayor and touncii o.
Wilmington il hereby pledged for the
payment al tho zane.
scctlon2. Said bombs or certificates OF
Indebtedness shall ~ nude similar III
form to other Sinking Fund bonds lr Ger
tifictteH Of Indebtedness, aud shall he /
Interest 1T the rate of four per cent. per
anuun, payable scmi-au4ualiy on In
nIst day Of april aud October IN each an i
every year, until said bonds or certiii
Gates OF Indebtedness shall lie paid, anu
shall fail due aud be made pdynbl in the
manner FOL owing. TO wit: one or more %
said bonds or certificates for tho agRre-
cato sum OF four THOUSAND aud -four
hundred dollars ON the first day of April
A. u. 1895; onc Or more OF said bonds or
certificates for the aggregate amount oil
niuct" ell thousand aud eirnt nundra 81
dollars on the firSt day of tct Der A. u
1905; one or more OF said bonds or ceriili-
Gates Tor the gate alln OF twttnty
thousand three hundred aud nifty II Liars
on the first day OF april a. ~. i01i, and
one ormore ol said bonds or certItiualep
for the a-R cHatc sum ii tfteen thuasAHdI
four hundred aud nifty dollars nn tn
First day OF October A. ID. 1876
Section g. he said bonds or certil
Gates Of Indebtedness slla be di posed vi
by the said Fina uCe LOmlHittee Of IheI
Council aud the Slnktnt Fund Commits
sion ID ;,greeab y 10 the directions OF n
Council, and the proceeds thereof shali
be paid q the city Treasurer OF III ci 81
Of Wilmington and be by him Ipplted tOl
the redemption OF bonds Of said ity. be.
ing Loan No. 81. on the books of thu
treasurer of said city for the sum of sia
" thousand dollars.
Passed city Council. December 8. 1922.
n. X BENSON,
President City COu neil.
Attest s. HcrEey. Clerk ny Council.
Approved oacmberp lS9s.
5. j. WILLY,
Mayor of Wilmington.