The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-07-06
Bsa ooialnod5y tie cOunea Of Tie cttyot WA"'I

Known rs Bonds OF 1870, ana Tor tue teuenp'
ton auu ayment thereof
Be Il 0rdalaed by he cOuneil Of he cityOi WhetI
ing:
SECTION /. For the purpose OF providing means
Tor purchasing the plant OF the Wheeling Elec.
trical Company; for paying the Main street
bridge tniOhiedneN; tho deficit or OYercheck 81
the Gas Board OF the City OF Wheeling and such
Of the bonds issued under the loan ordinance
adopted on June Q, 1891. known US the
Electric Light Loan not yet paid or pro-
vlGed for By the funds in the halds OF tho Com
mlssiOnets appointed by, or under said otdi'
nance the Mayor aud Clerk OF the City Of Wheel.
lug are hereby authorized aud instructed 10
make, aud on the frat day OF August, A. D. 1875,
or ~ sOOu thereafter as practicable, deliver to
the Commissioners hereinafter named md np-
pointed. tho bonds OF tho city OF Wheeling,
dated the lst day OF August, a. u. 1895, for an
amount aggregaIlnE ono hundred aud twenty.
i've thousand dollars, which bonds Shnll DO OF
tho following denominations; 100 OF said bonds
10 DO OF the denomination OislOJ each; 100 OF the
said bonds 10 DO Of the denomination OF 500
each: and IS OF tho said bonds 10 be OF the do
nomination OF $1,000 each.
Said bonds shall DO numbered from 70 265
inclusive. The said bonds shall be payable on
or before tho LIST day o. August A. D, 1872 at the
Dollar Savings Bank OF Wheeling with interest
Of tho rate OF per cent per anuum payable an.
nually ON tho lst day OF August 1895, and on
the lst Dag Of August In each year thereafter
until aud Including the year lg2I, at tho Dollar
Savings Bank OF Wheeling. lorwhich Interest cou'
pOus IN proper form shall DO attached To each
bond, with the signature Of the Clerk OF the City
engraved thereon. The said bonds shall be sign-
cd by the Mayor. cOuntenigned DY the Clerk
and sealed with the seal Of tue city.
Neither the said bonds nor the coupons thereto
attached shall DO subject to taxation, under the
authority OF tho City Of Wheeling.
SIC. .. 10 IL further ordained that John Frow,
L. T. Sands and II. !. Behren, be aud they
4. -. II. III.
powered aud instructed 10 sell tue said bonds ut
not les, than their par value, and IN the manner
provided IN Chapter III OF the Acts OF lS7a and
iSiJ, Of the Legislature OF West Virginia
sEg, 3. The said bonds shall be issued only for
the following purposes.
nowduc and falling due this year OF tue loan OF
Juno 9, 1891 known aS the Electric Light Loan
Second-ruy!ng the MAin street bridge in.
debiednc's
Thirl-Paylng the deficit or oycrcheck OF the
Gas Board the City Of Wheeling.
fuutth-FOr the purpose Of ailOrilug means
to purchase tbs plnnt OF tho Wheeling Eectrl'
cal Company, II tho said city and said Wheel
Ing Electrical Company foil 10 ngrec upon the
pfcO and terms Of said Electric plant and the
same being submitted TO arbitration nc.
cOdlng TO the act Of February II, 1891. Of the
Legislature. and that falling or the said com
plny falling to appoint an arbitrator within
thirty days after notice, In writing from the
city Of its desire that such appointment shall DO
made then that portion Of tho loau named in
within ordinance to be used In purchasing said
Wheeling Electrical CompHny'E plant shall bO
used 10 purchase erect build, Improve and
maintain any aud all buildings, works, plants,
pipes, pipe lines Hnd TO use. generate, dlsirib.
ute. Eol anu control electricity aud gas for light
and boat, and for the purpose OF furnishing
light for the streets. buildings stores mud other
places In and about said city, and also for the
purpose OF heating furnaces factories, buildings
and houses
In all R,grcratlng tho sum OF ono hundred
and twenty i've thousand dollars.
Tho proceeds arising from the sale OF said
bonds shall be paid out by the said Commission.
CrS To tho amounts for which II Is horOlnbciOru
provided that they shall DO issued. for tho puf.
poses herein provided, aud to such persons AZ the
Council Of said city shall from time 10 time di.
rect but only iot the purposes aforesaid.
SEC, I There shall he annually levied by the
Council Of the city OF Wheeling at tho Same
time thnt the annual levy OF the city tnNOS for
other purposes IL made, until all tho bonds is.
sued under the provisions Of this ordinance arc
paid. RdruCt tax upon all tho real estate and per
sOnal property assessed by the sAld city for tax.
alton, which direct tax shall 20 levied rs sepA.
rate tax, aud IN addition tn nil other taxes that
may DO levied for tho bcnC0t OF the city md
which shall DO sufficient To produce in each
year until aud including the year 1874, a sam
sufficient 10 pay tho interest annually ncCrtlng
upon tho said bonds and which levy shall after
tho year 1904. until tho said bonds shnl be fully
iNilNNItil NUl hNllNIOl4 W. my Nu NUs
Ry the iutrrcst on such Of the said bonds a. hall
be unrclcCmcd aud IN addition thereto. IN re.
deem In each year thereafter. the one twenty
Nitl oi Ehld bonds issued hereunder aud not
paid before the lst day Of August, 1907. The said
tax shall he collected In such manner as Ia or
mny bp provided by law, and the ordinances OF
the said city, for the collection OF other taxes on
real estate aud personal property
Tho Collector Of tho city shall pay into the
treasury on each second Friday the total amount
oil la lNvINI NaUpgENl a
tho requirements NJ this ordinance, which shall
hnyc therefore hrnu collected by him.
The said tax shall DO 10y tho Collector. while
IN his possession anil by tho city depository
lntnwhlch the same is paid, Kept land account.
cd for separate from all other moneys OF tho
city,
srr. o. Tho Receiver ot the Clly shall on or
before lholith day OF luly 4, u, 1890 aud on Or
before the 10Th day ul July ln each ycnf and
every lrut thereafter, .unll the bonds Issued
hereunder nru fully paid pay tn the said Com.
mi.aluuuwhll the money! which shall have there.
iuiulo been paid into the treasury on account "
the direct tax lcylrd IN pursuance oil the ~.
quIrpunOni NJ this ordinance
While tho said funds tumnu In tho treasury,
II shall hu uduiy VI the Council IN keen tito
sUinu deposited IN some hnnk or banks Of tho city
al Wheeling NJ tlu highest rate OF Interest thOY
can obtain which interest Elnll hn accounted
iuf mud pnll over into tho itunsnty. upon max.
Ing payment ny The Commits lDncfg NJ tho UfluOI.
pal If the funds derived from said iaN.
The frrclpl NJ Hnil Commissioners Tor the
said MONEYS shall ht nlcl Ivy the Receiver With
lhr ClutE " tho ulty, and slAl bO preserved BY
him
Hru d. Tho said Commissioners ont NJ tho
mUUOw nuolyul by tlOm under this ordinance,
HlHll ray tho coupons lHNnCd with said bonds NJ
they become due ON the lsi lhy NJ August lNld,
nnd un the M dW NJ August IN rnuh and every
lruf thereafter until the Unllis iAurl hrfoun.
der uflU tuly UH.1. ihpy shall hpply ihu money
c1minr mo ihrit hand, ior tho purpose. 70
ihr payment NJ the outstanding bonds lstuvt
hereunder nj n tate not greater than lhult pnf
value.
Tho bonds 10 hu redeemed shhllhc determined
by lot by the Commissioners Annually un tho
lith dhyoi luly 100, aud ON tho 10Th day VI