The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-06-30

A N ORDINANCE TO AUTHORIZE 4:
"a THE ISSUANCE OF CERTAIN
SINKING FUND BONDS OR CERTlt l.
GATES OF INDEBTEDNESS.
WHEREAS. There are now certain bonds
of the city of Wilmington to tho aggre-
gate amount 81 one hundred and seven
teen thousand and flye hundred dollars.
which Will fail due OIL the first day of
August, A. ID. 1898, payment Of which
must be made out OF tho pre- ceeds Of sale
OF Sinking Fund bonds or certificates of
Indebtedness. to be Issued according to
the terms and provisions of AN Act of the
General Assembly of the State of Della
ware, entitled IAN Act to provide a
Sinking Fund for tho payment. OF the
bonds of tho city of Wilmington"
passed Mt Dover on February 9th, A. ID.
1855. and the various amendments and
supplements thereto. and
WHEREAS, The Finance Committee of
The Council and the Sinking Fund Com
nissioners appointed under the provis-
ions of the Act AZORES nd. have under th ,
powers conferred upon them by tho SAID
Act. and the various amendments aud
supplements thereto. ordered to he issued
new bonds or certificates OF ind ebt cd
ness of the said cityof W ilmington. from
the proceeds of tbs sale or which pro-
vision 10 10 be mnde for the payment of
said bands so failing due as aforesaid.
Therefore, Be II ordained bD the Council
OF iinfngton.
Section l. Thnt thu Finance Committee
oil the Council and the Sinking Fund
Commissioners nre hereby authorized
and dir cted TO cause TO be issued In the
name of The Mayor and Council OF Will
IninKioii, bonds or certificates OF lndebt-
edness to the amount of onc hundred
aiid seventeen thousand and five hum
said bonds or certificates OF indebted.
ness shall be denominated Sinking
FUND Loan. and the credit of the
said r Mayor aud Council of Whining
ton Is hereby pledged for the payment OF
sectlone. Said bonds or cert ticates of in
deb;edness shall be made similar In form
to other siuking fund bonds or ctrtifl
Gates OF Indebtedness. aud shall bear In
ierest Mt tho ratio of four and one hall
per cont. per anntm, payable seni-annu
ally on the first day or April and Octo
Der In each and every year until said
bonds or certitica' ed OF indie Il tednesS shall
hc paid. and shall full Que and be ma IL
payable In the manner following, to wit
one Or moro of said no Ids or certificate,
for thu nv gate sum OF five Thousand
nvo hundred and nifty dollars OH the fifai
day OF October. a. u. 1903. one or more oil
SAID bon y or cer'idcate s for the aggre
gate sum of twenty lore ttonsand ant
six hundred dollars on the first day oil
April A. ID. 1907; one or more OF sale
bonds or certificates cf indebtedness &C
the aggregate amount of twenty-five
thousand and three hundred dollars OF
the first day OF October. a. ID. 1907; one
| or moro of said bonds or certitic;ttrs OF
indeht edness for the aggregate sum o
| twenty-five thousand md nine hundred
dollars on the first day of April, A. ID
lpOs; one or more OF said bonds or Ger
t:iica!cs or Indebtedness for the aggre
| gate sum OF twenty. three thoueand. sil
| hundred and nifty dollars on the first da,
| OF october, A. d. 1908. and one or NOR
bonds or certificates of indebtedness 70
The aggregate sum of twenty-7ne thou
| sand snd five hundred dollars on the hrs
day oil April. a. ID. 1909.
4 Section =. Tho said bonds or certificate
of Indebtedness snail edisposed OF by III
| said Finance Committee u tho Council
| and the SiikinR Fund Commissioner
| ugrecably TO tho directions of the Couu
ell and the proceeds thereof shall be raj
| to tho lily Treasurer of the C ~ OF VII
! n.in2 ton and such proceeds sail be ap
piled To the redemption OF the following
! loans of snld city TO v.t:-Loan No. ~. o
the BOOTS OF the Treasurer of said cit
for tho sum OF one huuired thousan
dollars. and Loan No. 81 OH the books q
said Urea nIer for the sum of seyentec
thousand and fivt hundred do lars.
| Passed City council, June 20, 1891
| N. w. PsHkINs.
rresident Pro TEN.
Attest: 8. HERsEY.
| Clerk City Council.
Approved Juno 30. 1885,
| - 3. ]. WILEY,
$50 Mayor OF Wilmington.