The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-24

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COLLAR 70 the payment Of outstanding city
qFderg, With Interest thereon, the said or
oetg and interest to be paid only when the
eEaefa 9hail be presented to the receiver,
together With an order from the city clerk
1of the. payment Of the interest
For the redemption Of the outstanding
ponds illued under the said "compr0mlse
loan. q 1850 and the said loans Of 1881. 1855
ena leSg, the receiver shall pay, out Of the
SAID money paid 20 him, 10 the commits
elonerS Of the said loans respectfully such
sums ae council shall direct, not exceed
Ing elghty-tWo thousand dollarl, to the
eommlaa!opeFB Of the compromise loan"
q lssg' eighty.four thousand and I'VE. huri-
area dollars to the commissioners Of the
loan OF lbSl, two hundred and eighteen
thousand and two hundred dollars 70 the
commt9lionerB Of the loan OF lSS9, and
thirty thousand and i've hundred dollars
20 the commissioners Of the Main street
Drtdge bonds" Of 1880, the amounts % paid
% be used for the payment OF the out
lively All the moneys coming into the
hands Of the receiver by virtue Of this
section shan be kept and accounted for
o siSSsFa'' from all other moneys Of the
Section There shall be annually levied
by the council Of the city Of Wheeling, at
the same time that the annual levy Of city
taxes for other purposes Is made. until
all the bonds issued under the provisions
Of this ordinance are paid, direct tax
upon all the real estate and personal prop
erty assessed by the said city for taxation,
which direct tax shall be levied as sep
aFAte tax, and In addition to 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 1893, a sum sufficient to redeem
one-thirty-fourh OF all the bonds issued
hereunder, and In addition thereto q sum
sufhclent to pay the interest annually &c
cruing upon all bonds sold and unredeemed
at the time such levy Is made The said
nha1t "A al In mn n
y or may be provided by law and the or:
dlnAnceS 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 lew
led and assessed In pursuance OF the re.
quirements Of this ordinance which shall
have heretofore been collected by him.
while In his possession, and by the city
receiver, to whom the same Is paid, kept
and accounted for separate from all other
Section s. The receiver Of the city shall
on or before the 25th day Of November, a.
D. 1900, and on or before the 25th day OF
November In each and every year there
after until and including the year 1903. pay
to the said commissioners out of the mon.
eyB which shall have heretofore been TO
him paid on the account OF the direct tax
levied in pursuance Of the requirements
OF this ordinance, an amount sufficient 70
pay the coupons issued with said bonds
coming due on the LIST day OF December
Of each year; and further. tho receiver
shall or or before the 18th day OF EoVen-
Der, A. D. 1903, and on or before the 25th
day OF November IN each ana every yenr
thereafter until the bonds issued hereunder
are fully paid, pay to the said commission
era all the moneys which have heretofore
been paid to him. on the account Of the
direct lax levied In pursuance OF the re-
Qulrements Of this ordinance. The receipt
OF the said commissioners for the sad
hall 49, 1aN 1nevNH NHp1N
the clerk Of the city, and shall be pre-
served by him.
While the said funds remain In the hands
Of the receiver It shall be his duty under
the direction Of council to keep the same
deposited In some hank or banks OF the
city Of Wheeling at the best rate OF in:
terest he can obtain. which interest shall
be accounted for by him and paid over into
the general treasury during the month OF
December in the year 1900, and In e1ch and
every year thereafter until the said bonds
are fully paid
Section 9. The said commissioners. out Of
the moneys received by them under this
ordinance, shall pay the coupons Issued
with said bonds as they beeome due ON
the LIST day of December. A. d. 1900, and on
the list day Of December In each and every
year thereafter until the bonds issued here
under are fully paid, they shall pay the
interest coupons coming due; and on the
lst day Of December in each and every
year thereafter until the bonds issued
hereunder are fully paid, they shall apply
the moneys coming Into their hands for
the purpose, to the payment at a rate not
greater than their par value, Of the out
standing bonds issued hereunder as fol-
lows: On December 1, 1909, all Of bonds OF
series A. and a series each year thereafter.
ending December l, 1898, with series Y.
The said commissioners shall in tho
month OF November, in the year 1893, and
In the month Of November in each year
thereafter. until and including the year
FF1Ny nation In tim hO16nFa n tho h0HGg
to be redeemed in accordance with this
section. by advertisement published daily,
Sunday excepted. for two weeks IN the
daily newspapers published in the city OF
wheeling, stating the series Of bonds to
be redeemed, and that the said bonds will
-- on and after the LIST day Of
December next succeeding and cease g
bear interest from said day, and the said
bonds shall cease to bear interest from the
said day
Section I. It shall be the duty Of the said
commissioners to cancel, as they are re-
deemed the bonds and coupons paid by
them, and they shall. once in every year.
and oftener II required by council. deliver
to the clerk OF the city all redeemed and
Cancelled bonds and coupons In their hands,
and the clerk shall preserve the same In
a book to be provided for that purpose.
Section s. II shall be the duty Of the
commissioners TO keep true account OF
their receipts and disbursements and re-
port the same to council annually In the
month Of April, and at such other times as
council shall order
Section Q. The council Of said city may,
for cause, remove any one or more OF the
said commissioners, or their successors,
and the commissioners. or their successors,
may resign by giving notice In writing to
the mayor or clerk of the city. Any va
cancy shall be filled by council In Joint
Section 10. Before the said commission
erS appointed under this ordinance shall
be permitted to act as such, they shall
Jointly give bonds, with good security, to
be approved by council, In the penalty OF
one hunderd thousand dollars which bond
shall be payable to the city of Wheeling,
and shall be conditioned to the following
effect:
"The condition of the above obligation
Is such that, whereas, tho above bound a,
b and c have been duly appointed COM
missloners under an ordinance OF the city
provide for the Issue and sale of bonds OF
the city Of Wheeling, to be known as re-
funding bonds Of 1899. and for the redemp-
tIon and payment thereof and have nc-
cepted the said appointment: now, there
fore, II the said a, Il md c. during their
continuance as commissioners. shall each
and all OF them. In all things faithfully and
diligently discharge their duties as said
commissioners. and shall well and truly
account for and pay over 70 such person
or persons as may be entitled to receive
the same, all moneys which shall come
Into their hands, or under their control ms
such commissioners, then shall the fore
going Obligation be void, otherwise to re-
main in full force and virtue"
Section II. II shall be the duty OF the
commissioners to enforce each and every