Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-10-05

tss o So5 sss n 81 aaY e psssbsF 1870 Al
Son sas m 1ss asY s 6 's all
the bonds marked ma Series P p. - -
the bonds marked Series o a. 1'N' an
the Bombs ths as5 dsy s Of 1924 all
the bonds marked ma Series ss S.. 49, a.
the bonds marked Series IT,
the bonds marked Series u
"On the LIST day of December, 1925 all
the bonds marked Series W
On the 1st day of December, 1922 all
the bonds marked Series W.
the o bombs the m list DAY Ct 1885, all
On the 1st day of December, 1891 all
the bonds marked Series Y
The said commissioners shall in the
month of November. in the year 1907, and
thereafter, until and including the year
1881. give notice to the holders of the
bonds to be redeemed in accordance with
iished daily. Sunday eScspted. for
two weeks in the daily news
papers published in the City of Wheeling.
stating the series of bonds to be redeemed.
and that the said bonds will be redeemed
at the said Exchange Bank of Wheeling.
on and after the LIST day of December next
succeeding, and cease to bear interest
from said day; and the said bonds shall
cease to bear interest from the said day.
Section {. 1t shall be the duty of the
said commissioners to cancel. as they are
redeemed. the bonds anc coupons paid by
them, and they SHALL once in every year.
and oftener. if required by Council, deliv--
err to the Clerk of the city all redeemed
and cancelled bonds and coupons in their
hands, and the Clerk shall preserve the
same in book to be provided for that
purpose.
Section s. 1t shall be the duty of the
commissioners to keep. true account
of their receipts and disbursements, and
report the same TO Council annually in
the month of April. and at such other
times as Council shall order.
Section 9. The Council of said city
may, for cause, remove any one or more
of the said commissioners, or their success
sors, and the commissioners or their sue
cess6rs may resign by n1tee g sba ctn IN
Any vacancy shall be filed by Council in
joint session.
Section TO- Before the said commission
ers appointed under this ordinance shall
be permitted to act as such they snail
Jointly give bond. with good security, to
be approved by Council, in the penalty OF
shall be payable TO the City Of wheeling,
and shall be conditioned to the following
THE condition of the above obligation
is such, that whereas. the above bound;
A.. B. and c., have been duly appointed
commissioners under an ordinance of the
City of Wheeling. entitled, An ordinance
to provide for the issue and sale of bonds
of the City of Wheeling, to be known as
Funding and Refunditng Bo nd OF 5sy
thereof" and have accepted the said APP
pointment; now. therefore. if said A, b.
and c.. during their continuance as com
in all things. faithfully and diligently dis
charge their duties as such commission
ers; and shall we'll and truly account for
and pay over to such person or persons
as may be entitled to receive the same,
all moneys which shall come into their
hands. or under their control as such
obligation be void otherwise TO remain in
full force and virtue.
Section II. 1t shall be the duty Of the
commissioners to enforce each and every
provision of this ordinance lin relation to
their duties) according to its true intent
and nearing. and any failure of any of
the commissioners to comply with or per-
form any duty prescribed by this ordi-
nance. shall be deemed a violation of the
condition of his bond
shall make any. sale of said bonds. they
shall advertise for at least four weeks in
the daily v neTfspapSTIb published evh IN
the time when, and the place
where, in the said city. they will receive
bids in writing for said bonds; Should
be issued the bonds shall be apportioned
by the commissioners among those bid
ding the highest price.
Section ID. The commissioners shall
receive as compensation for their
services three-eighths of one, per
cent on the amount disbursed
by them under this ordinance in
the redemption of bonds issued hereun-
der and the payment Of interest on such
bonds, and no more. Such compensation
shall be in full for all services of every
description rendered by or required Of the
commissioners. or any of them. under this
ordinance and no extra pay for clerical
or other services shall be allowed, exceed
ing fifty dollars per annum; such commits
sion shall be only charged on the amount
of money furnished the commissioners for
the redemption of the bonds under this or
dinance, and payment of interest there
on. and not on money received from the
sale Of said bonds or the amount of any
bonds received in exchange for the bonds
issued under this ordinance.
Section a. Should the date of any of
the payments mentioned in this ordinance
fall upon a Sunday. such payments shal
be made upon the Saturday next preced-
ing.
"Section Is. This ordinance shall take
effect from and after it's ratification by it's
having received the votes of three-tifths
of all the qualified voters of the City Of
Wheeling who shall cast votes for or
against the same at an election to be held
-