The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-27

uall prize OO Ccllo'
direct, not exceeding twenty-slx thou
sand five hundred dollars TO the com-
missioners of the loan Of 1877, one hun
dred thousand four hundred dollars to
tho 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 so 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 OF said loan, out
Of the proceeds OF the second sale of
bonds h~ereinbefore 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 so paid 10 be used
for the payment OF the outstanding
bonds Of the said Main street bridge
bonds.'
For the redemption OF the outstand-
Ing bonds of the Compromise Loan" or
dlnance Of 1860, the 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 as council shall direct, not
exceeding eighty-two thousand dollars.
said amount SO paid to be used for tho
payment of the outstanding bonds OF
the Compromise Loan" Of 1860.
All the moneys coming Into the hands
OF the receiver by virtue Of this section
shall be kept and accounted for sepa-
rate from all other moneys OF the city.
Section A. There shall be annually
levied by the council Of the city OF
Wheeling, at the same time that the
annual levy of the city taxes for other
purposes Is made, until all the bonds is
sued under the provisions Of this ordi-
nance are paid, n direct tax upon all
the real estate and personal property
assessed by the said city for taxation,
which direct tax shall be levied as 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
md including the year 1906, n sum suiIl-
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 be fully redeemed and
satisfied. be sufficient TO pay the inter-
est annually accrulng m such OF said
bonds as shall be unredeemed and In
addition thereto, to redeem in each
wear thereafter. the oHe-twenty-Afth
Of said bonds issued hereunder. The
said AK shall be collected In such man
ner as IL or may be provided by 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 the total
amount OF the taxes levied aud ASSESS
ed in pursuance OF the requirements of
this ordinance which shall have there
fore been collected by him. The said
tax shall be, bv the collector, while In
his nossession, and by the city receiver,
TO whom the same Is paid, kept and ac-
counted for separate from all other mo-
neys of the city,
Section +. The receiver OF the city
shall ON or before the 25th day OF Mo-
vember. a. D., 1898, and on or before
the 25th day OF November In each and
every year thereafter. until the bonds
issued hereunder are fully paid, pay to
ihe said commissioners all the moneys
which have heretofore been paid to 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 the receiver, It shall be his
duty under the direction Of the council
to keen the sane 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
| the general treasury, upon maxine pay
mout Of the commissioners Of the Prln-
clpnl OF the funds derived from said
tax. The receipt OF said commission
era for tho said moneys shall be filed by
tho receiver with the clerk Of the city,
and shall DO preserved by him
Section G, The said commissioners,
or,t of the moneys received bg Thorn
| undcr THIS ordinance, shall pay the rot
mona issued with said bonds Ns they be-
come due, on the first day Of Dcccm-
bcr, 1903. ana on the nrst day of De-
cembor In each aud every year thcreaf-
tor, until the bonds issued hereunder
arc fully paid, they shall pay tho In
tefeFt coupons coming due and on the
first day Of December, 1897, nnd on the
nrpt day Of December IN each ana
cypry ycnr thereafter, until the bonds
Issued hereunder are FUZZY paid, they
shall apply the money coming into
their hands FOR the purpose, TO che pay
mcnl, at II rate not grcntcr than their
| pnr vuiuc, Of tho outstanding bonds H.
aucd hereunder az follows'
on the 1sl day Of December, 1907, oil
the bonds marked "scrloa A."
ON the ist daV Of Dccemhor lpOS, all
| the bonds marked "SOrlcs ~
on the ist day Of December 1902, oil
! the bonds marked "scrlc7 C'
ON the iBl day Of December, lPlO, all
the bonds marked "Sorlcs D." d.
ON the lat day OF December, 1911, all
the bonds married. "SCfloH 10"
on the lHt day ot December, 1919, nll
the bonds marked "sorlcH u" .
on the lgt day " Doonmhor 1913, oil
the baHla mHrAnl "AorloH o." .
ON the lHt day NJ December 1914, nll
| che bonds marked "SoricH H."
on the mt day " December 1915, AL
| the bonds marked "Ectlos ~ .
ON the iRl dny ~ December 1910, all
a. t. ....t.U UU.WIus 4 N