The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-04-10
MAYOR vESTER
THE
BOND ORDINANCE
l&rxarurp PROPOSED FhThA-
NYDN ORD1NAN CE 1N 10 AHA0
rrroN TO TAXATION.
nsyy nruoh of tho Cost WIN 30 s01ne
ny tho Wator 1a,,n1

--h. r,nctccn cent levy prop"7"n III
.p,,,t,o,, oud ordntnnc" IL tho max
law Thai can nc Imposed FOR this
Z .nt,rnoso and docs not mean 'h"t 'n'H
amount will b" levied Mnnhai'E ""' ."h
D fke lifc OF tho bonds II the ,'Hu'
2 ribs nt the coming eI"ctAo"' ,oost
4 ordinance the city must retFt III n
-. thirtv-fourth OF the amount r'l'"
vAar md as the number az outS''nutns
hands is decreased whatever levy Is re-
7 ouired will automatically otC"i
,r.ikewise IL Greater Whccl.ne o.
4 $500 y reality our now population will
SSarc in the cost rs the wo.trr rates
r will be based TO carry tniS of' 70 Iii
the users Of the water Will pay 81. imat
whether il Is Greater Wneels nrcscnt
s fbc reSdcnts o; the city AS NJ pFeS'cn'
defined. y.stcr-
day Mayor &. Morgan Eestcr S'lu'
i-rherc l.. considerable talk on Inc
! streets with reference to the Er.a,rr
Iesnt lcvS and tho bearing Erfatrr
Z Wheeling will have on the ritra'ion
:.rhe bonds win run thtrty-four years
and at leas, one thirty fourth OIL .rn
II amount will be retired ANNUALLY.
: stt~ h. required to a" this annually nut
5 a. also has the option or r'tlr'hS q"
n many more a. II has nvnllabl" t"h"S'
eve felt II was not necessary L" ''>
II neet the a1imuIn levy Tor any
Z
Thnco prnyIdr- th1 the city or "hr"i-
IT, mako provl.lons for the 7lnhI"a
q ftind and the n"r~snnrJ ih'''F"' w
rnnnta on tho bnr~in. Th" ln""f "n
tho maximum loVy In thr con-" ,hc
nance however In Required by Inv
81 cTfLco or tho attorney general "t inc
state and It war inherited at tn" arma""
OF that office. a., -,
4 .-rhc rcn-on tho .comml-slon ala nor
Z ,&cor, n nrrrrnnry To lnrrrt Tn" max
-, liz
that tho ordinance picdgca the city an"
q its resources for IN" payment OF tn'
4 honds and provides authority '"r '".
: ryiy To levy u sufficient Tux ANNUALLY or
); Otherwise provide tundS To pay inc w
* rnrest on tho bonds outstanding.
= E"Thc maximum lcvy for any ono year
e " nineteen ccrts and in fixing tntH
+ maximum. tn" commission necessary SUI.
had to 80 on tho theory .that the oH'iu
= Irould ali be sold At ono TIM" an" HA'
~ honda u;orld commence" bearing m
$ tnrest at that time and thus IL "outu
= be necessary - prortd" for tn', Fst;.
mont OF one thirty fourth tor tn' III -
sscar and the interest or the nalt-'tt'
Z En1eycr as th,, number o. bonds wouid
3 ~ reduced each year tho maximum levy
X reouircd would bc ccrrcspon&ingiE r.
Si,ced and the arcras" levy Tor 'ne en-
u tire period would BE- 81. cents. pEo''"'0
this money is raised by taNasiU:h
y tap,,t nndrr tho plan ct the water
cSSmnoissiou th,, rates for water Will Dc
+ fixed on tho annual operating c"SI
E rSc water works which would inctuu'
! not only operation and naint'n', TN, ~
All fixed charges among which VIII n'
:, an amount sufficient ~ rrtir" ON ''''i
fy-fourth OF the bonds and pay interest,"
3 on the balnnc" outstanding.
~ ). The rates will b" based On theS' IN
"a charges and operating costs ana mus
b ~. cost of the Improvement Will o."
= Snrnc by ,hr wtt"r consumers d" inc
S - Greater who, ling or the city aS "'
present defined. :,
G,..rhcrc has hcc,i some fear expressed
&. that II this Improvement - made no"
y tXat the suburbs. " taken In. Will nor
I, hpar their prup"rtI"natc share 81 IN"
expense. lraSmmch AZ IN" '"h'''HS'",'
Arfans Isl that IA" consumer pay -
tSdbvious tina, I'll" newcomer wiz rtp .,r
!, E6me as tho present r"-'d"n'E II NAV
Z Nan urged that tn" election No posi-,
8 roned tor coupi" "f noAtnf untt,
~ Greater Wheeling becomes II ic'HdtS N''u
X III the new residents vote on tHe pr"l",
q .3t,on bur as Greater Wheeling cannot
a r3bssibly become Il reality earlier IMAM
d enuarv lst 1920. thi. would mean ""
81 would have to wait almost an"th"e yea,
Before work on tho Improvement cou'"
81 be started. J.. :,
Z. fsyxnified its willingness Ia purchase IN,
IS bonds and this would prove or unusual
!, advantage to IN" CITY. me o"aFc 49,
81 lake q portion OF the bonds at Il tl tltS.
VIZ 40 they had the funds. and thus nucn
s would be saved in interest. Il IN" ooara
Is tooE 500. 900 per month. only that
- aSoouot would be bearing interest ana
hV the time tho ru;!r" issue was taken
nter. the city would have saved con .
Adorable sum IN interest charges. II
SID in lump sum to OUTSIDE par'
s-~ tfsey might sell at premium ana TOT
~ example II sold AT per cert. win m
terest ut per cent. the | per cent dlt =
NJ f4rence would net the CITY Slh."""'
yef,ich would 30 In retiring the bonds
s"During IN" war Wheeling Hinh'y ana
s. willingly paid twenty-five" |" I"'h'N
u ,raur r,li linns of dollars IN taxes !" lli'
4: s0NernInenI FOR war purposes ana " was
~ liar duty io ilI,iho IiIs war '"ntflhHi''"
hvsry doi.nI "f III" went ""' al '''
state not q penny being ''t"h'"" M