The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-06-29


Section : TIL. said comni,snn.rs. before rrccrcd-
Ing To act hereunder shall execute JOINT bond nth
surety TO b. approved hr CnunIl. In The penalty NJ
Fifty four Thousand Dollars 1854 nor. nNi conditioned
that they will faithfully perform their duties and a.
count for and ray over as required hr this ordinance.
all money that may into their hands as hll"h
commissioners Said commissioners shall he subject IN
removal by Council for cause hut not before notice
and all cprortunil! 10 b" heard is STen hv t"inctl
and dnv rarancy shall he filled hr Council and he new
commissioners tnsah-r with tho others shall enter
into Il new bond as abnr- provided. The said Tom
mIssnhrry shall deposit The funds coming into thrir
hands hr rirru" hereof In such mnk "r trust COM
panr rs Tho coun" direct. and should any inter-
rs, hs rc.c!vcd hy ri thr dernst III. sam"
shall he raid By ssih commissioners into the treasury
q, III. Town m order ri council and shall become
rsr Of the sinking fund hereinafter mentioned.
Se.iion 5. Tn. bonds signed. cnuntrr>':ned seal
ed and delivered shall hc sold hr the said Commits
snncrs al no, less Than their PAR rau" and IN the
manner required hv law and III" IS>uanr" and sale 81
said bonds shall Ire governed hr all tn" restrictions
and limitations rrorrd by the constitution and hTs NJ
thc State Of West Virginia and shall he IN conformity
Herewith. The proceeds arising from, the sale NJ said
hpd, shall lie raid oil, v thr said commissioners for
The purposes herein provided I" sh PERSONS as the
run.it shall frnm time time dr"'' II lw reason
ri this sal" II said bonds Al premium "r Tor an'
rthrr reason there shall rcmrtn surplus III me
hands 81 ihn commissioners after all PAYMENTS nave
horn made such surplus shall hc raid INTO the treas
,,rY nj hn Town nn tho order ri Council and sha II
r,rnrc rart cf the sinking fund hereinafter men
toned.
S,.tton T. In rrr7id. a Striking fund for ire
IA ,rnui ri tho annual iutrcsi and the payment ~ the
rrlnrIpai IT said brrds A. mefun''. there shall ec
annually levied hv the council ~ Tic Town ~ Ede-
wnrd At th" same tmr The annual l"rv for other
purr"rs IL InatC. Zach scar after sai bonds arc
ssE.d and until such Inn" 20 thr:r IS a suheten'
,,rrur, W uonty ~ >amI Oiid To paw all ~ said
-d> then otstand!rs and al ~ tho interest dur and
=, ,,r,.,n,o due thereon. direct Upnn all real
estate and personal property subject II taxation In
said Invn II Etgvrrl. wh"h direct tat shall he
levied IS ."?arat ran IN addition I" ali other thHc'
r,t NAV he levied frr lnr h-n-fr ~ said Town. snd
shall hn sufficient To procure In each year sum oil
,,c,ev sufficient 70 rev the INtcIc-t tnr on" year
uyou all outstanding bonds. and III ADDITION thersto
redeem all ot SAID bonds 't>ucd hereunder al mi'u:'
ur Tn, taxes tn Ietied shall hc collected In srch
,,,nncr As is rr that hc EcEcaf!rr provided hT
Law for tho collection or other taxes levied By The
TORN mon real and rrrsna property. and SAD funds
sn collected shalt be krrt stpirat" rom all other
funds belonging 10 the Town.
scrinn ! Out II the SINKING fund prnTtdrd for In
bc rr1, rtc.cdirV section. TIN coupons for interest
,.,,rhcJ m said bonds shall be paid ihsr become
din. ard all nr any rsrt rf the hnnhs issued here
under may at the option " "unril. u?"n nrtrs
hcnS given IS hereinafter provided. NJ fcdeemed IN
no, lr.s than mo year than trn !ears from
,b,ir d,i. AZ The end n anr year amer their date
Sid tr,nhs II redeemed shall he redeemed In the
rrnscru,ir. order ~ their numbers commencing With
number One al rate not greater than their ra'
rslus with accrued Interest. :"n notice I" ih'
hrIse,. NJ the bonds to lie redeemed. aforesaid
,,r,p hr tho Recorder II tho Town r. publication once
a yt,k for lun surccIsirc weeks IN Soma daily
rcrspnrer published In tho city ~ Wheeling. Ohio
COUNTY West Virginia. and ~ general rirru
IsiInn In sad Town NJ Hollywood. Hstini
In said notice tn" number 81 the hont
or BINDS W. redeemed and the tim" when 'heJ
will hc raid the hnuds ir II" redeemed ny The itrn
Of said shall hc presented at ID" iinr stated
I, s,id ur,c. nj the cffirc rf Tho German Rank oil
Wheeling IN tho city ~ Wheeling. West Nirsinih to
rirnrnt and after thr datn fixed In said notice FOL
tho REDEMPTION Of thr bonds therein Designated burt
bonds shall to bear interest and no in'ceN vi!
thereafter be paid thereon.
Section g. Earh COUPON and bond paid or redeemed
shall he Immediately cancelled br the Recorder ~ TIT
Tnuu and shall he exhibited ny him to council II Va
f,rs- meeting after such ra"nen or redenrton anc
~. R.ur1rr shall pr.scr1e tie sano III bcck 10 81
I.ra'ided f,r that purpose.
Section : It shall b, the tu!r .! the AID ccS=-is