The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-07-10
tcrcst' on its six per cent ten year Street
Improvement Bonds, Series &c" No. -.


! Recorder.
, Section .. The said Commissioners be-
| fore proceeding to act hereunder. shall
execute joint bond with surety TO be
! approved by Council in the penalty OF
One Hundred and Fifty Thousand $780,
: 900. 00) Dollars. conditioned that they
I will faithfully perform their duties and
account for and pay over. as required
; by this ordinance. all money that may
come into their hands rs such Commits
stOners. Said Commissioners shall be
i subject TO removal by Council but not
before notice and an opportunity TO be
heard is given by Council, and the nav
J commissioners, together with the others
shall enter into q new bond, as above
! provided. The said Commissioners shall
! deposit the funds coming into their
! hand by virtue hereof in such bank or
trust company as the Council may di-
rect, and should any interest be received
by reason Of the deposit, tho same snail
be paid by said Commissioners into the
I treasury of the Town. on order OF Coun-
Gil and shall become a part or the SINK
t.ing fund hereinafter mentioned.
Section 3. The bonds so signed. coun1
tersigned. scaled and delivered shall be
sold by the said Commissioners at not
less tnan their par value and in the
ance and sale Of said bonds shall be
governed by all the restrictions and linn
itations provided by the constitution
and laws OF tho State Of West virginia,
and shall be in conformity Herewith:
Tho proceeds arising from the sale. OF
said bonds shall be paid out by the satd
Commissioners for the purpose herein
provided, to such persons as the COUNCIL
shall from time TO time direct. II by
reason of the sale Of said bonds at
premium or for any other reason. there
shall remain a surplus In the hands or
the Commissioners after all payments
, have been made, such surplus shall be
paid into the treasury Of the Town. on
the orcdcr Of Council and shall become
part OF the sinking fund hereinafter
mentioned.
Section 4. To provide a sinking fund
for the payment Of the annual interest
and tho payment Of the principal OF said
bonds at maturity. there shall be anHu-
ally levied by the Council OF tho Town
Of Warwood at the same time the an
nual levy for other purposes Is made:
in each year after said bonds arc issued
and until such time as there is sum
cicnt amount Of money in said fund 70
pay all Of said bonds then outstanding
and all OF the interest due and 10 ne
come due thereon, a direct tax upon all
real estate and personal property sub
jcCt to taxation in said Town or war
wood, which direct tax shall be levied
as a separate tax in addition 10 All otncr
taxes that may be levied for inc bcnellt
OF said Town, ana snail DC sui lS"HN w
produce in each year sum or money
sufficient to pay tho interest for one
year upon all outstanding bonds, and IN
addition thereto, redeem all or salu
bonds issued hereunder al maturity. The
taxes so levied shall be collected in such
manner MS Is or that may bc hereafter
provided BY Law for the collection or
other taxes levied by tho Town upon
real and personal property. and SAND
funds so collected shall be Kept separate
from all other funds belonging TO the
Town.
Section 3 Out of the sinking fund
provided for in the next preceding sec
lion. tho coupons for interest attached
to said bonds shall be paid as they pc
come due and all or any part or the
bonds issued hereunder, may AT the op-
lion Of Council. upon notice being given
as hereinafter provided. be redeemed in
not less than one year nor in moro than
ten years from their date. at IN" rRd nf
any year after their date. Sald n"noS,
# redeemed. shall be redeemed in inc
consecutive order Of their numbers. COM
mcncing with number One at rate
not greater than par value. with accrued
interest Upon notice 10 the holders or
tho bonds to hc redeemed as aforesaid.
given by the Recorder Of the Town. ny
publication once a week for'two ronscc-
uiivn wccks in some daily newspaper
published in IN" City Of Whcelinh. ono
county, West Virginia. and Of general
circulation in said Town OF Warw"oa,
stating in said notice the NUMBER o,
the limo when they will he paid, 'thc
bonds 10 he redeemed by the terms or
said notice shall be presented at Inc
time stated in said notice al inc n.llSr
OF tho Bank # Warwoed IN INC Iown
mont and nftcr the date fixed in said
notice for the redemption cf tho bonds
therein designated. such bonds shalt
cease TO bear interest and no interest
will thereafter be paid thereon.
Section 6. Each coupon ana oond pato
ar rednnmnd shall BE- ir'm"diatcly can
crIrd by tho Recorder Of tho Town ana
shall BE- rXh' hitcd by hin TO Council al
lis first meeting after such payment or
redemption. ard tn" Recorder SOL pre-,
rrrvc tho sam" in a BOOK 10 u" Pro'locu
fer that purpose. ,,
Scc'inn :. II :hall BE- III" duty Of the
sad & ,m;ni9" .fn"rs I" keep . ,tnc nc
comfy of al tHc'r rc""ip's and dishursr-
NJ nts and rep ri II" SINE 20 tGupcg Il!
said comm ,ss .onors shall be allowed n
comp nsa iop fer thor scr
y ICES hereunder. bu' not to HHcrro one :
Ea,f of enc per cent OF the dishurSc-
III" nts mad" by ih"m.
Section g. TIL" word Mayor and
"Eccnrdcr." when used in his ord nance;
shnll h. taken In inca nthc Mayor and
R"Ccrdcr respectively Of the Town or
Warwood and the word Town shaiI De d.
taken to mean n" Town NJ War~ood.
Section .. Before making anr sale OF
The caid bonds. n" COMMISSIONERS shhil
advertise the sarlr at least cncc 4 week
for four consecutive" weeks before S9rh
sale. in one Of tho daily newspapers pun-
liShrd in tho city or "hccIlng. ana ny
such other dvcrliS"mcnt rs 10 SuSh
commissioners may deem advisable
stating the lime aHd plar" in tho Town
VI WarwoUd whore they Will rccrlE"
bids in writing for said bonds. Ana Such
BIDS shall he opened by the fommts,
sicn"rs. in tho presence or 'nunEi,' 'ru
ar" uni II tho bonds to be sold, then nc ,
said bonds shall hc apportioncd by INC
commissioners among those bidding TN"
ghost price. and tho said Comm ssion-
RS may rrGuir" such guaranty from pio'
icrs as they may dccm proper. :
Section 10. The general nature OF the &.
,uhIic improvements hereby authorized.
and which Council hereby determines
hat il will proceed with. In accordance
with tho resolution adopted by !nunCli
IN tho 18Th day Of May. 1919: and IN az
,o-dnnCr with thc plans and specified"
ions, estimates and profiles for said I'M.
now on file in. tn" OFFICE or
he Recorder Of tho Town. Is Improving
nc following named public strc"ts, nfr-
Warwo9d Avenue from IN" southern
line Of tho Town Of War
you'd to tho south side OF Third street;
Richland Avenue from the n"rthcrl
lido Of Third street TO the southcriy
,iJc Of Fourth Street; from tho north
,rly side Of Fourth Street TO the south
,riy side of Eighth street; from thr
,nrthcrly side Of Eighth Street to. inc
o,thcriy line of Ninth street and nom
NO nor,hcrly line nf Ninth Street TO the
,outhcrly line of Tenth Street
Fourth Street from the westerly line
r Warwood Avenue to tho westerly line
f Richland Avenue and from the cast
.rlv line ut Ohio Avenue to the westerly
inc Of Ohio Avenue. !
F;fth Street from the westerly line OF
}ichland Avenue TO the westerly line OF