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

and the Amount is S525, OOO-To
Be Of Denominations Of 800,
$500 and $1,000, and to Be
Issued in Twenty Five Series.
The Interest Rats Named as Four
Per Cent.
The Council Committee on Ordin-
ances and the special joint Committee
on Refunding met in joint session last
night at the Office of the City Clerk,
and listened to the reading of the
draft of the proposed new loan ordin-
ance, designed to refund the various
city loans. The document was read
by City Solicitor Nesbitt, and was ex-
planned and commented upon as he
proceeded. At the conclusion of the
reading five hundred copies of the
measure were ordered printed, and
copies will be mailed to members of
Council and can also be had by any
citizen upon application to the City
Clerk. The full text of the document,
as it will go to Council, is as follows.
section l. For the purpose of providing
mean means Tor redeeming and paying such of
passed by Council on January 9Th. 1871
and ratified by popular election on Janu-
a ay z2th, 1871; such of the bonds issued un-
der the loan ordinance passed by Council
on August 23rd, 1881 and ratified by pop
ular election on September 18th. 1881: and
s si. OF the bonds issued under the loan or
I issE s passed by Council on May 18th.
May 18th. 1885; as are not vet paid or
provided for by funds in the hands of the
commissioners appointed by or under said
ordinances; and for the purpose of provid-
ing means for redeeming and paving such
OF the Main Street Bridge Bonds as shall
remain s unpaid and unprovided for by
Of said loan on the 1st day of July, A. D.
ISoo; and such Of the bonds issued under
t In. COMPROMISE Loan ordinance, adopted
unpaid and unprovided for by funds in
the hands of the commissioners of said
loan on the 1st day of July. 1900; for the
purpose of providing means for paying
outstanding city orders of the City of
wheeling with accrued interest thereon
the outstanding unbonded debt on the Main
street stone Bridge, and the over-draft
of the Board of Gas Trustees on the Com
mercial Bank of Wheeling; the Mayor and
Clerk of the City of Wheeling are hereby
authorized and instructed to make, and
on the 1st day of December, A. D. 1897, or
as soon thereafter as practicable. deliver
TO the commissioners hereinafter named
and appointed, the bonds of the City of
Wheeling, dated the first day of Decem-
Der, A. D.. 1897, for an amount aggregating
five hundred and twenty-five thousand
dollars, which bonds shall be of the fol-
lowing denominations:
Two hundred and ten Of said bonds to
be. of the denomination of one hundred
dollars, and numbered from L to '210 in
elusive; four hundred of said bonds to be
of the denomination of five hundred dol
lars. and numbered from '211' to $40 in
elusive: and three hundred and four of
said bonds to be of the denomination of
one thousand dollars, and numbered from
GIL to '91f inclusive.
The bonds issued under and by virtue
of this ordinance shall be arranged in
twenty-five series, each series consisting
OF bonds to the amount of twenty-one
thousand dollars, as follows:
Bonds from 4 to '21O inclusive to be
known as Series a.
Bonds from 211' to '252 inclusive to be
known as Series B.
Bonds from '253' to '294' inclusive to be
known as Series c.
Bonds from '295' to 1886 inclusive to be
known as Series D.
Bonds from 337 to 1878 inclusive to be
known as Series E.
Bonds from '3l9 to APO inclusive to be
known as Series F.
Bonds from 421' to 1852 inclusive to be
known a S Series G.
Bonds from 1853 to '54' inclusive to be
known as Series H
Bonds from sos to $40 inclusive to be
known as Series l.
Bonds from 541' to $685. inclusive to be
known as Series j.
Bonds from '5S9' to 800 inclusive to be
known as Series X
Bonds from '621' to '64f inclusive to be
known as Series L.
Bonds from $40 to 1862 inclusive to be
known as Series M
Bonds from '663 to '6S3 inclusive to be
known as Series N
Bonds from '6S4 to '70f inclusive to be
known as Series o.
Bonds from '705' to '725' inclusive to be
known as Series P
Bonds from '726 to '746 inclusive to be
known as Series O.
Bonds from TAI to '767' inclusive to be
known as Series r.
Bonds from 1853 to '7SS' inclusive to be
known as Series s.
Bonds from '7S9 to 1909 inclusive to be
known as Series IT,
Bonds from $40 to $780, inclusive to be
known as Series u
Bonds from 1871 to 1851 inclusive to be
known as Series "
Bonds from $50 to 1872 inclusive to be
known as Series W.
Bonds from 1873 to 1893 inclusive to be
known as Series *
Bonds from 1894 to '91P inclusive to be
known as Series Y
ION the face of each of said bonds shall
be distinctly marked the number of said
bond and the series to which, it belongs.
The said bonds shall be payable on or be-
fore the LIST day of December. A. D. 1881.
at the Exchange Bank of Wheeling, at
w
at the rate of per cent. per annum, pay
able annually on the first day of Deem
Der. 1898. and on the first day of Deem
Der in each year thereafter until and in
Guiding the year 1881 at the Exchange
Bank of Wheeling. at Wheeling. West
Virginia for which interest coupons in
proper form shall be attached to each
bond. with the signature of the Clerk of
the City engraved thereon.
The said bonds shall be signed by the
Mayor. countersigned by the Clerk. and
sealed with the seal of the city. Before
delivering any bonds to any purchaser or
purchasers, the commissioners hereinaf-
ter named. or their successors. shall each
countersign said bond. and it shall not be
considered as issued unless and until it
is so countersigned.
ut shall be Stated on the face of each
of said bonds that the city expressly re-
serves the right to redeem said bonds ac-
cording TO the provisions CT this. ordinance.
Neither the said bonds nor the coupons
thereto attached shall be subject to tax
alton, under the authority of The City of