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

An ordinance TO provide for tho borl
rowing OF two hundred thousand dollars
for paving and improving the streets and I
| avenues oil the city OF Wilmington.
Whereas, by an act OF the General AS
senbly OF the State OF Delaware, passed
at Dover May 10, A. D. 1891, the Mayor and
Council OF Wilmington was authorized
and empower ed TO borrow by an ordi-
nance or the Council to 10 passed with
the concurrence Of two tn rds OF all mo
bers thereof for the time being. sum o.
sums OF money not exceeding in the ag-
greghte nvc hundred Thousand dollars to
be appropriated, applied and expended
for paving und improving the streets and
avenues OF the city OF ilmington, and
| TO issue bonds OF the said Mayor aud Coun-
lof " ilmlngtOn for the. payment there
OF, win interest. at such times and in
sllch manner as the said the Council shall
by ORDINANCE prescribe and appoint; and
whereas, III isturiher provided by said
act that any and all sums OF money bor-
| rowed under the authority OF the snid
net snail he borrowed by the suid the
Mayor and Council OF Wilmington at
such time nnd In such amounts as the
Board oil Directors OF the Street and Sew
ef department. OF the city of Wilmington
may uireot, provided that In no event
shall the amount to be borrowed under
the provisions OF said act exceed the sum
oil TWO hundred thousand dollars in any
| one year; and
Whereas Tho said Board of Directors
OF the Street and Sewer Department, in
| conformity with the provisions of said
| uct, did on February TO- A. D., 1sg9, re-
quest the Mayor and Council OF vii lining
ton TO provide by ordinance for the bor-
| rowing OF TWO hundred thousand dollars
| for year 1899 for tha paving and improy-
| ing the streets and avenues OF said city.
aud 70 authorize the issuance OF bonds or
| the said the Mayor and Council OF VIII
| inington for payment OF the sum of mo-
ncy SO 10 be borrowed a copy ofwhich said
| request has boon presented 10 tho Coun-
Z aud iilcd among the records thereof.
| fEhEEptnIA lf.f nd u ri
| OF tho power and authority OF the said
act OF the General Assembly in that boz
| half,
BE It Ordained. by the Council of Will
| Inington, two-tlIirds oil all members thore-
| ot Cuucurrlug therein:
| section l. That immediately after pas
| sage OF this ordinance there shall be is
| sued in the name OF the Mayor and Couu-
| Gil OF Wilmington bonds to the amount
| OF two hundred thousand dollars in the
aggregate. such bonds shall be issued
cucs ior the sum of $780, or muitiples
thereof, and shall fail due ana -us niade
payahc In he manner following to wilt:
| Twelve thousand one hundred ana nifty
| dollars, part the cot on the nIst day Of
| October, a. d. 1918,
Forty-three thousand nine hundred dol
lars. part thereof, on the LIST day Of April,
| A. ID, 1919.
| ttfty dollars. part thereof. on October list,
| A. y. 1919.
Forty.six thousand six hundred dollars,
| part thorcoi, Oh April lst, A, ID. 1870.
| Furty-ci 5ht thousand ana tltty dollars
part thereof, on October Isl, A. ID. 1870.
Four thousand and iltty collars. part
thereof, on April ISL, A. b. 1874.
| Such bonds shall lie denoninated VIII
| minEton city Bonds and shall bear inter-
| est at four % per cent. per annuni, paya-
| bic srmi-annually on the ist day of April
and october i'll each and every year after
| the date OF the issue there Of; and shall bu
| signed by the Mayor ana countersigned
| Ivy tue tty Treasurer and City Auditor in
The sauie manner as other city bonds, and
the record thereof kept ny the City Audi
| tor anu Guy rcasurcf respectively.
Section =. The Finance Committee of
tho Council are hereby authorized and
directed Immediately aittr tine issuance of
the bonds provided Tor by this ordinance.
to acll and dispose o! the sa nc TO tho
highest and best bidder therefor, and to
the best advantage to the city, and tho
proceeds Of such sale shall he received by
| he Board Of Directors of the Street and
Sewer Dep rtnent; and shall be placed
upon special deposit to the credit or said
department in such bank or trust com
pany in the city OF W ilmington rs shellh
determined by the saiu board. All ordGi
or warrants for the payment Of money to
be drawn against said fund shall be sign
cd by the president Of said board and
eountcrsighed by the city Treasurer and
city Auditor, and shall have specifiCd
| thereon the words: Paving and llnproy-
ing the Streets and Avenues" No war;
| rant or order for the payment Of
| money tnuli Nc iIuWl NgNlnHt ehtG IunI
| except 1t Is for the payment Tor work
douc in paving and improving the streets
and avenues the city OF Wilmington.
An ordinance TO provide for the bor-
rowing &. i2JO.CJO tor the paving anu i'm
| proving OF the streets and avenues OF the
CITY OF Wilmington.
Pissed at the City Hall March u, 1899.
N. Il. BENSON,
| President OF Council.
Attest: A. +. MEsSICK, Clerk.
| Returned approved March Is, 1892.
i L l.