The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-05-08

commissioners All money. whicA snail
ave ners,ofors been Paid into the treas-
tNxer levied IN pursuAncs Of the reQuire-
ments Of This ordinance. While Ia S.sf
- ss- r. ss.s ~ II ,ss ,rssssrs is .s.i
Treasurer % Keep the same deposfted An
sorne hank or banks OF the city o.
, Snss In 49, :, ,hs ssss rate % interest
accounted for and paid over info the
treesary upon making payments 60 the
e s, s Of the principal % the
ceipts OF said commissioners for moneys
shall be filed BY the Treasurer with the
Auditor Be preserved
Sec 8. The said commissioner. out
of the moneys received BY them under
this ordinance shall pay the coupons
issued With the bonds issued under this
day OF July, 1915, and on the LIST day OF
July In each and every year thereafter
until the bonds issued hereunder are
fsliy paid: and on the LIST day OF July.
1875. and on the LIST day Of July IN each
and every year thereafter until the bonds
issued hereunder are fully paid they
hands Tor that purpose 20 the payment
OF the outstanding bonds issued here
under a. rate not greater than their
and unpaid The bonds TO be redeemed
shall De determined by the commission
ers annually; that IL TO say. on the 25th
srs shall determine the bonds 20 be re-
deemed 90 the following LIST day OF July.
and on the 2sth day OF June In each and
issued hereunder are fully paid. the said
commissioners shall determine the bonds
90 be redeemed on the following LIST day
OF July. and the said commissioners
shall thereupon Immediately give notice
TO the holders thereof by advertisement
published daily. sundays excepted. for
Two weeks In the daily newspapers print
ed and published In the city OF Wheel
Ing, stating the numbers Of the bonds
70 be redeemed. that the same will be re-
urer OF the city OF wheeling on ana az
ter the let day of July next succeeding
and viii cease 10 bear interest there
after.
Provided further. however. that II the
holders OF ell or the said bonds draw by
lot shall be known 10 the said commits
sioners. the said commissioners may
holders within ten days after such draw
Ing. which notice shall be the same as
that herein otherwise required to be
published. and such actual notice shall
have the same effect IS n II had been
published In tho manner hereinbefore set
forth. II shall be stated on the face
81 shall be liable to p redemps nS1
at its par value with interest. AZ any.
accrued and unpaid. on and at any time
after the LIST day OF July. 1925. The said
city Of Wheeling hereby pledges and
obltgates itself TO pay each and every
year after the year 1924. and until said
bonds are fully paid off. the one-twenty-
fifth G-25) OF said bonds so issued and
not paid before the LIST day OF July. 1925.
Sec. Z. IL shall be the duty OF the
said commissioners TO cancel. rs they are
redeemed. the bonds and coupons paid by
them. and they shall on or before the
list day OF January In every year. begin
required by council. deliver TO the Audi
tor OF the said city. all redeemed and
saneelled bonds and coupons In their
hands. and the Auditor shall preserved
the same in a book TO be provided for
that purpose.
Sec. S. II shall be the duty OF the
commissioners to keep n true account OF
report the same to council annually in
the month OF January. and at such other
times as Council shall order.
Sec. .. Tho council of said city may.
the said commissioners or OF their sue
cessors: and the commissioners or their
successors. or any one OF them. may re-
sign by notice given in writing to the
Mayor or Auditor OF the said city OF
Wheeling. Council shall have power
upon the resignation. death or other in
said commissioners. to elect a new cum
missioner or new commissioners. The
said election shall be made by council.
in Joint session ~ council shall at the
time consist OF two branches.
Sec. 10. No person shall act as COM
missioner under this ordinance until af-
ter he shall have given bond with good
atty OF ten thousand dollars. (SlO.OOO.OO)
which bond shall be payable TO the said
city OF Wheeling. and shall be condition.
ed to the following effect: The condi-
tion OF the above obligation n such that
whereas the above bound has been duly
appointed a commissioned under an ord.
An Ordinance to Provide for the Issue
and Sale OF Bonds OF the City OF Wheel
Ing 70 be known as FILTRATION Bonds OF
he raHs
ment thereof passed ON tho -- OF
-. 1915. and has accepted the said
appointment; Now therefora II the said
shall In all thinge saitn-
fully and diligently discharge his duties
as such commissioner. and shall well and
truly account for and pay over TO such
person or persons as shall be entitled TO
receive the same. ell moneys that shall
come into his hands or into his control
as such commissioner. then shall the
foregoing obligation be void. otherwise
IL shall remain I'm full force and virtue"
Council may from time to time require
such additional bond as II may see fit.
Each commissioner must be a citizen
and resident OF the city OF Wheeling:
removal from the city after appointment
as such commissioner shall work n va
cancy In the said office. and the said
vacancy shall be filled as soonras parcti-
cable by Council as provided In section 3
of this ordinance.
commissioners TO enforce each and every
provision OF this ordinance In relation 10
their duty. according TO Its true int ent
and meaning. and any failure OF any COM
missioner to comply with any duty pre-
scribed by this ordinance or 20 perform
any such duty shall be deemed a viola
ton OF the condition OF his bond.
Sec. IL. Before tho commissioners
shall make any sale Of said bonds they
shall advertise for az least four weeks in
the daily newspapers published In the
city OF Wheeling. specifying the tina
when and the place where. In the said
city, they will receive bids in writing Tor
amount OF bonds 70 ho issued. the bonds
shall be apportioned by the commission
ers amongst those bidding the highest
price.
Sec. 10. The commissioners shall re-
ceive n aforesaid. for their services
one half Of one percent Of me amount
diHbursed BY them under this ordinance
in the redemption OF the bonds issued
hereunder. and the payment Of interest
compensation shall be In full FOR all SER
vices OF every description rendered b. or
required By the commissioners. or any
Of them. under this ordinance. and no ox
ira pay for clerical or other services
shall b. allowed to exceed fifty dollars
$4,000 per annum, such commissions
shall BE- charged only upon the amount
q money received By the commissioners
for the redemption Of bonds issued un-
der this ordinance end the payment Of
interest thereon and BY them applied.
Such redemption and payment OF inter
est. and such commissions. shall not be
charged on money received from the sale
OF bonds under this ordinance
Sec. -. should the date ~ the pay
mcnts mentioned in this ordinance fali
upon a sunday or legal holiday. such
-. D. ~.