The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-13
So Year Of Cures.

time to time by direction of the city
council according to law and the ordi-
nances OF the city,
For the redemption OF the outstanding
bonds issued under the said loans Of
1877, 1881 and 1885, the receiver shall
pay out OF the first money paid to him
to the commissioners OF the said loans
respectively such sums as council shall
direct, not exceeding twenty-six thou
| sand five hundred dollars 10 the COM
misHioners of the loan Of 1877, one hun
bred thousand four hundred dollars ia
the commissioners OF the loan of 1881,
and two hundred and thlrty-eight thou
sand eight hundred dollars TO the COM
missloners OF the loan Of 1885. the
amounts 90 paid TO be used for the pay
ment OF the outstanding bonds Of the
said loans respectively.
For the redemption OF the outstand-
| ing bonds OF the said Main street
bridge bonds" provided for by the loan
ordinance ratified by popular election
on April is, 1890, the receiver shall pay
to the commissioners o. said loan. out
of the proceeds Of tho second sale OF
bonds hereinbefore directed which have
been paid to him by the commissioners
appointed by virtue Of this ordinance
such sum as council shall direct, not
exceeding thirty thousand five hundred
dollars. said amount 80 paid 10 be used
for tho payment OF the outstanding
bends OF the said Main street bridge
bonds"
For the redemption OF the outstand.
ing bonds OF the Compromise Loan" or
dinance OF 1860 tho receiver shall pay
to the commissioners Of said loan out
Of the proceeds OF the second sale Of
bonds hereinbefore directed, which have
been paid TO him by the commissioners
| appointed by virtue OF this ordinance,
such sum Ms council shall direct. not
| exceeding eighty-two thousand dollars.
said amount 80 paid to be used for the
| payment OF the outstanding bonds OF
the Compromise Loan" OF 1869
All the moneys coming into tfe hands
Of the receiver by virtue of thIr sectioa
shall be kept and accounted for sepA-
rate from all other moneys OF the city.
Section T. There shall be annually
levied by the council Of the city OF
Wheeling, az the same time tina. the
annual levy OF the city taxes for other
purposes Is made. until all the bonds is
Eutu llt ulONlnlblla VI lIll5 DIul
nance are paid, direct tax upon all
the real estate and personal property
assessed by the said city for taxation,
which direct tax shall be levied 40 a
separate tax. and, in addition 60 all
| other taxes that may be levied for the
benefit of the city and which shall be
sufficient to produce In each year until
and including the year 1906. a sum sufIl.
Client to pay the interest annually &C.
cruing upon all bonds sold, and which
levy shall. after the year 1906 until the
said bonds shall he fully redeemed aud
satisfied be sufficient to pay the inter-
est annually accrulng on such OF said
bonds as shall be unredeemed and In
addition thereto. to redeem in each
year thereafter. the one-twenty-f NTH
| OF said bonds issued hereunder. The
said tax shall be collected IN such man
ner as Is or may be provided bT law
and the ordinances OF the city, for the
collection OF other taxes on real estate
and personal property. The collector OF
| the city shall pay to the city receiver
on each second Friday che total
amount of the taxes levied and assess
ed in pursuance Of the requirements of
this ordinance which shall have there
fore been collected by him. Tho snid
tax shall he, by the collector, while in
his possession. and by the city receiver,
to whom the Rame Is paid, kept and ac-
counted for separate from all other mo-
ncys OF tho city.
Section &. The receiver Of the city
shall on or before the 25th day OF No
vember, A. D.. 1898, and on or before
the 18th day Of November In each and
every year thereafter, until the bonds
ISSUED hereunder arc fully paid, pay to
the said commissioners NIL the moneys
which have heretofore been paid 10 him
on the account Of the direct tax levied
in pursuance OF the requirements OF this
ordinance.
While the said funds remain in the
hands OF tho receiver, II Bhnll be his
duty under the direction OF the council
10 keep the same deposited in some
bank or banks Of the city Of Wheeling
at the best rate OF interest he can
obtain, which interest shall be ac-
counted for by him and paid over into
tho general treasury. upon making pay
mont Of the commissioners OF the prin-
clpai Of the funds derived from said
tax, The receipt Of said commission
era for thc said moneys shall be filed by
the receiver with the clerk Of tho city
and shnll be preserved by him,
Section 9. Tho said commissioners,
out of the moneys received bp them
under this ordinance. shall pay the cou-
pons issued with Fnld bonds as they be-
come due. on the ilrst day Of Dcccm-
her. 1898, and on the FIRST day OF De-
cember In zach and every year thcrenf-
ter. until the bondB issued hereunder
are fully paid, they shall pny the In
tcrest coupons coming duet and on the
FIRST dag Of December, 1897, and on tho
FIRST day Of December In each and
every year thereafter, until the bonds
Issued hereunder arc fully paid they
shall apply the money coming into
their hands for tho purpose to che pay
mcnt. ~ q rate not greaier'thun their
par value, Of the outstanding bonds Is
sued hereunder M follows,
on the lHt day " December 1901 nll
the bonds marked "Herlog A."
on the Int dny OF December, 1905 all
the bondn marked Series w.
on the iHt day OF Dtoemhcr 1900 nll
the bonds marked "Ppflcs g."
ON tho Int day Of December, 1910, all
tho bonds marked "Perles h."
ON tho Int day NJ December 1911, all
the bonds married "gorlcR u"
ON the ist dnV OF December 1912 uil