The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-07-06
Recorder

SertGnn 2 The said commissioners. before pro"er'!
!nr to .r, herrnd-r shall execute Jnni bond with
surety Ia be approved hs Council in the Iensltr "f
Fifty four Thousand IolI.S ,SI nGn.n0 conditioned
That they will faithfully reform their du,ies and &C
count for and .ay r"qurrh hy This nrdnunr-.
sll Inunrv that rnme INTO their hands ~ .i''h
roInni Said commissioners shall he subject 10
REMOVAL hv Council Tor rausr but not before nntr-
and Nm opportunity iu I've h"arl IL given by tuunril.
and any vacancy shall be- filled bv Council aud The
commI .sonrrS together with thr Others shall enter
into d bond ahor- provided. The said Com
missonrrs shall deposit tho funds coming into their
hands by virtue hereof in such hank "r trust com
panv the council may direct and should any utter
.st be received by reason " the deposit. the
shall paid hr said commissioner, int" the treasury
W the Town. an order nr council and shall bscUne
part OF iltr sinking fund hereinafter mentioned
Srctlnn The hnnhS signed. cninirT~l:lrd. seal
ed and delivered shall lie sold by the said cummIt'
sonrrS al less than their par value and IN IN"
manner required Nv law aud the ISSUANCE snd Spie ~
said bonds shall lie governed hr MI thr restriction,
aud limit provided by the constitution and laws NJ
IN, Stale ~ West Virginia and shall br In conformity
Herewith The proceeds arising frnm ihe sal" Of said
bonds shall I've raid nui by the said OBSERVATION-DISCLOSURES Tor
the purposes herein provided ~ surh rhonS rs the
council shall from time Ia time direct II hr rrssnn
u Ibis sale u said hcnrls at premium or fGr any
other reason thrru shtIl remain surplus In the
hands of the commissioners after all PAYMENTS have
been made such surplus Shall he paid Int" hr tFsnH-
u,r 81 the Tmsu The order NJ I"rir and shall
become part III the sinking fllhN hereinafter uicn'
tInufd.
Section s. 70 provide sinking fund for The
payment the annual interest and The PAYMENT NJ the
principal said bends ~ maturity. There shall be
annually Levied hr The council NJ The Town ~ Erg-
wood al the same timr The annual levy for other
,nrI.ses is made. In each after said bond' sro
issued and Until such time NJ there IL sufficient
atnnun, Of unnry m said fund 10 paw Ill ~ Hd
Isnds then lmdnL and all NJ the Interest due and
TO .nrulnr ,lue thereon. direct tax upon all real
nj
said Town II EdIunud. which direct Tax shall bo
lryied srp.IH:e tai ia addition l" all other ttI-H
,hst ma, he e,irrl the benefit If said Tmwn. aud
shall hr sufficient /" produce in zach year sum Of
uInury ,uif"irnt Ia pay The Interest for 0nr wear
unnn all nut, smiing hands. and i'll addition thereto
r-crm all NJ said bonds issued hereunder At matW-
NV Tn. taxes levied shall b" Collected In surh
manner ~ IS "r that may 10 hereafter provided by
Law fnr Tho collection ~ "her taIeS lrs.ri br tho
Town mon r,. aud personal property and said funds
- collected shalt I've krpt separate from all other
funds belonging Ia tho Town
Sriiinn tut Of the sinking fund provided Cor In
The r,t preceding section. tho r"u"ns for Interest
attached said bnndE shall he PAID A. they become
,lu- aud all any part NJ the binds issued here
under may. the option NJ "unrll. nInn notice
bring given hrrrinAncr provided. le redeemed In
mt lr>> than IN more than Ten wears from
their dntr. Ihr end ~ any year after their date.
Sajd lands II redeemed. shall I've redeemed In the
consecutive order ~ their numbers commencing with
number ''Ons" al rate mo- Grratrr than their par
value with accrued interest. Ton notice To the
luldrrs III the bonds lie redeemed. Aforesaid.
given hv the Recorder of tho Town nv publication once
week for two successive weeks in daily
newspaper published in the City al Wheeling Ohio
county West Virginia. aud nr general rrru-
!a,lnn IN said Town Of EdeSnnd. stating
Ia SAID notice the number "f thu bond
" b,nrIq Ia b. redeemed aud the time when the,
will hc rai thr bonds |" be- s-t-rmrd hr The terms
nf said notice shall be presented At the time stated
IN said notice i, the office VI The German Bank Of
Wheeling in thu my IL Wheeling. West virginia for
T.. rnrnt and after the date fIs1 in tAld notice Tor
Tho REDEMPTION NJ thr bonds therein designated. such
bonds shall bear Interest anu no interest Will
thereafter be paid thereon.
Section L. Each coupon and bond paid hr redeemed
shall he Immediately cancelled nv III. Recorder ~ The
Town and shaIl be exhibited ly him I" Council at lts
first meeting after such payment redemption. and
the RECORDER shall prcscrTr the" In book 10 be
provided Tor that imra"Sc
Section :. II shall be The duty Of the said COMMITS