The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-04-01
A N ORDINANCE.


rowing OF two hundred thousand dollars
for paving and improving the streets and
avenues OF the city Of W Wilmington.
whereas. BY all act of the General AS
sembiy OF the State OF Delaware, passed
at Dover May Is. A. ID. 1891, the Mayor and
Council of Wilmington was authorized
and empowe cd TO borrow. Ey All ordi-
nance oil the Council to he passed with
the concu rem o OF two-thirds OF all MEM
bers thereof for the time beiug, sum or
sums of money not exceeding in the ag-
gresnte iive hundred thousand dollars, 10
be appropriated, applied and expended
for paving and improving the streets and
avenues vi the city OF " llmlngton, and
to issue bonds OF the said Mayor aud Couu-
Gil OF W ilmingtOn for the. payment there
Of, with Interest, at suca times and in
such manner as the said the Council shall
by ordinance prescribe and appoint; and
Whereas, IL lsfuJher provided by said
net that any and all sums OF money bor-
rowed under the authority Of the said
act shall be borrowed. by the said the
Mayor and Council of Wilmington at
such time and In such amounts as the
Board OF Directors of the Street ana Sew
er Department ut the City oil W llmingtOn
may direct, provided that in no event
shall tine amount to tie borrowed under
the provisions Of said act exceed tho sum
OF two hundred thousand dollars In any
one year; aud
her as, The said Board of Directo RS
of the street aud Sewer Department in
CO inform " with the provisions OF said
act, did on February 10. A. d., 1Sg2 re-
ton TO provide BY ordinance for the bor-
rowing OF two hundred thousand dollars
for year 1892 for the paving and improv-
ing the 1T reefs and avenues OF said city,
and ID authorize the issuance of bonds OF
the said the Mayor and Council OF VIII
nington for payment OF lie sum of mo
| ney 80 To be borrowed, q copy ofwhich said
request has beon presented to the Coun-
n I 81 Nod II 4 IA lu hnr
Therefore. In pursuance and by virtue
of the power AID authority of the said
act of the General Assembly In that be
half,
BE It Ordained. by the Council OF VIII
nington, two -thirds OF all members til ere
| OF IoncurrlnR therein:
section 1. That Immediately after pas
sage OF this ordinance there shall be is
sued in the name OF the Mayor and Coun
cil Of W iimlngton bonds to the amoun
| OF two hundred thousand dollars In tn,
aggregate. such bonds shall be issuet
EACH for the sum Of $50. or multiple
thereof and shall fall due and be mad,
payable In he manner following to wit:
Twelve thousand one hundred and fift,
dollars. part the eof, on the first day d
October. a. ID, 1918.
Foriy-three thousand nine hundred dol
lars, part thereof, on the LIST day OF April
A. ID, 1919.
Forty tive thousand two hundred and
nifty dollars part thereof. on October LIST
| a. ~. 1918.
Forty sixthousand six hundred dollars
part thereof. on April LIST. A. ID. 1890.
Forty-t light thousIn and nifty dollars
part thereof on October LIST, A. ID. 1870
Four thousand and fifty dollars, par
tn reoi, on April list, A. ID. 1891.
Such bonds shall he denominated VIII
mington City Bonds and shall bear inter
est at four % per cent. per annum. paya
bio seml-annnally on the ct day OF Apri
and October in each and every year afte
the date OF the issue thei cot :; and shall b.
signed by the Mayor ana countersiRne,
by the City Treasurer and City Auditor ii
the same manner rs other city bonds. AnC
tine record thereof kept 10y the City Audi
torand City reasurer lcspectively.
Section :. The Finance Committee o
the Council are hereby authorized an
directed Immediately after tho Issuance o.
the bonds provided for by this ordinance
highest and beat bidder therefor. and b
the best advantage to the city. and tn
proceeds Of such sale shall be received b.
he Board of Directors of the Street an
Sewer department; aud shall be place
upon special deposit to the credit or sal
department Ia such bank or trust CON
pany In the city OF W ilmin1ioh rs shall b
determined by the said board. All order
or warrants for the payment of money 4
be drawn against said fund snail be Sign
ed by the president of said board ant
Countersigncd by the city Treasurer am
City Aunitor and shall have ,pecitiu
thereon the words: Paving and lnpTol
ing the Streets and Avenues" No wal
rnnt or order for the payment q
money shall be drawn against snid fun
except 1t Is for the payment for wor
uonU in paving and improving the strcet
and avenues Of the city OF W Wilmington.
An ordinance TO provide for the boz
rowing OF f40.UO0 Tor the paving and in
proving Of the streets ana avenues OF tn
City OF Wilmington.
Passed at the City Hall Mnreh II, 1892.
N. II. BENSON,
| President of Council.
Attest: a. F. MEsSlCK. Clerk.
Returned approved March If, 1892.
L WILEY Alayor