The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-07-01

A N ORDINANCE TO AUTuORlIE
- THE dSsuANCk OF CERTAIN
GATES OF lNDEBrEDNESS
WHEREAS There are now certain bondt
OF the city of Wilmington to the aggre.
gate amount Of one hundred and seven
teen thousand and five hundred dollars
which will fall due OH the first day OF
august, a. ID. Is93 payment Of winch
must be made out of the proceeds of sale
Of sinking Fund Bonds or certifc ties 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 II
Sinking Fund for the payment of the
bonds of tho city OF Miluingtoni'
passed at Dover on February 9th. 4. u.
1888, ana the various appointments aud
supplements thereto. and
WHEREAS, The FinAncs Committee oil
The Council und the Sinking Fund Com
mlssloners appointed under the provls.
Ions of the Act AZORES i'd have under tn .
powers conferred upon til IN by the SAID
Act, and the various amendments and
supplements thereto. ordered TO be issued
new bonds or certificates OF indebted
ness OF the said cityOf ilmington, from
the proceeds Of the sale of which pro
vision 10 to be mtde for tho payment OF
said bonds 81 falling due rs aforesaid.
Therefore. Be II ordained By the COtDici
uT Wilmington,
Section /. That the Finance Committee
of the Council and the Sinking Fund
Commissioners are hereby 'hori2es
and directed to cause TO be Issued In thu
| name of The Mayor and Council of vii
mlnHton, bonds or certificates of inteDt
educss TO the amount of ono huudret
ara seven teen thousand and ive hun
| drel dollars in the aggregate. whicl
! said bonds or certificates of Indebted
ness shall be dcnomtnated SinkinI
Fund Loan and the credit of II,
said 7 Mayor and Council OF Whining,
| ton Is hereby pledged for the payment o
! tho same.
| debtedness shalt be made similar In foru
! to Othrl sinking fund bonds or eertltl
Gates of Indebtedness. aud shall bear In
terest ut the rate of four and one.hal
per cent. per annlin. payable seml-anuu
| ally ON the first day Of April and OctO
| Dor In each aud every year until sui
| bonds or certificates OF Indebtedness shat
lie paid. and shall fall due and be mad
/ payabls In the uanper following, to wit
one or more of said bo Ids or certificate
1 for the aggregate sum of five Thousand
] Ave hundred and nifty dollars on the fir>
day OF October. A. ID. 1906 one or more o
| sad bon or certificates for the aggre
gate sum OF twenty-oro Il onsand AM
/ six hundred dollars on the first day U
| April. y. ID. 1907; one or more of Rail
| bonds or certificates Of Indebtedness 4
the aggregate amount of Twenty-Five
thousand and three hundred dollars OF
i the first dny of October ~. ID, 1877: on,
Indebtedness for the aggregate snm o
/ twenty-five thousand and nine hundred
dollars on the first day of April. A. Il
1905; one or more of said bonds or eel
t.tcntes Of Indebtedness for the aggrc
gate sum of twenty.th. ee thousand, ST.
| hnndred and nifty collars on the first da
OF tctobcr. A. D. 1905 and one or NOR
bonds or certificates Of indeh: edness 10
the aggregate sum of twenty-pnr thou
sand aud five hundred dollars on the frs
day OF April, \. D. 1907
Section :. The said bonds or certificate
Of Indebtedness snail be disposed OF by IN
| said FiuanCe Committee of the Conncl
aud the Sluk rng Fund Commissioner
agroeabiy TO the directions of She Eour
Gil aud the proceeds thereof shall be Pal
to tho'jliy Treasurer or the city of VII
lninyton and such procee5R shall be ap
piled 70 the redemption of tho following
loans OF said city to w.t:-LoHn No. ~, OF
tho books Of the Treasurer of said cit
for the sum OF one hundred thousan
dollR:s. anu Loan No. 3 on the books q
said Trea -uIer for the sum of seventee
thousand aud fivo hundred do llars,
Passed City Council, June 30, 1893.
II. W. PERKINS.
President Pro TEN.
Attest: 8. HERsEY.
Clerk city Council.
Approved juno 30. 1873
y. j. WILEY,
1870 Mayor OF Wilmington