The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-25
ROND ORDINANCE
is FAYORABLY
RECOMMENDED
Ear Passage to the Board Of County
commissioners by the Finance
Committee.
rOUyTYS INTERESTS GUARDED
csretully-The Money to be Paid to
the Railroad Company in
Installments.

Yesterday afternoon meeting of the
hoard Of county commissioners COM
mi,tce on finance was held. to consider
the ordinance providing for a special
election at which to submit to the peo-
ME the matter OF subscribing S5OOOOO to
the Unlontown, Waynesburg & West Viz.
c,pIa Railway Company. The meeting
was attended by Chairman Hare, Com
missioners McGregor, Higgins, Gutman
and s.ahnke, Assistant Prosecuting At
,orpey Nesbitt, Messrs. Alfred Caldwell,
George y. Caldwell and f. Protzman,
representatives of the railroad COM
pany.
The ordinance was read by General
caldwell and was pronounced In good
form with the county's interests safely
guarded, by Mr.. NesbItt. 1t provides
for a bond issue of 100000; $4,000 to be
pa!d over to the railroad company when
il shall have expended $4,000 in con-
structloh work in Ohio and Marshall
counties; $4,000 when 100000 shall
have been expended and the remaining
100000 when the company shall have
completed u standard guage railroad
from the West Virginia Pennsylvania
state line at or near the south fork of
Big Wheeling creek to the corporation
line Of the city OF Wheeling, via Elm
Grove, and has trains running and con-
Meeting over the line in Pennsylvania
to Uuiontown. II the work is not start
ed within six months after the date of
the subscription to the bonds, or II the
road Is not finished in three years (un-
less necessarily delayed by failure upon
the part of contractors or by labor
toublesy, then the board is az liberty to
withdraw such part Of the countys sub
scHpt!0u 10 its stock as has lot been
paid The company TO accept the pro-
visions Of this ordinance within thirty
days Of its passage. The bonds are to
beaT interest at the rate Of three and
oseha!f per cent, and to be received by
The company at par unless thu board
elects to sell the bonds, in which event
the subscription will be in cash. The
bonds are to be redeemable eleven years
after issue and until thirty years, as
may be elected by the board. Redemp-
ton OF bonds shall be determined BY lot,
and the bonds. Of denomlnati ton OF 81, 900
each, are to be numbered from l to 500
Inclusive. The date OF the election is
left blank by the committee, and is to
BE- hxsd by the board. The ballots are
to be worded. Subscription" and mo
Subscription, or words to that effect.
After the reading of the ordinance,
Mr., Nesbitt stated that he had carefully
gone over the instrument, and he felt
assured that the county's interests wera
carefully guarded.
on motion OF Commissioner McGre-
gorseconded by Commissioner stahnkc.
the ordinance was recommended favor
ably to the board. II will come up for
action at the regular meeting in June,
the 4th, and il acted upon favorably the
special election is likely to occur in
July
Mr. Protzman stated that the road
would be completed probably in eigh-
teen months, or at the outside in TWEEN
ty-iour months.
On motion OF Commissioner Gutman,
acopy OF the ordinance is to be furnish
ed each member OF the board.