The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-04-03

mcnt of bonds issued hereunder and IN
tcrcst thereon.
SECTION s. To provide for thr pay
mcnt Of annual Interest ma the pay
mcnt of principal or said bands nj ma
turiIy, there shall bC annually levied ID!
Council OF The CITY % Wheeling. III
the same time tho annual levy nl ~!
taxes for other pu-pohcs ~ inAac' oH-
ginning In tho year 1913, aud continuing
until all OF IN" bonds issued under inc
nruviYIun4 of this ordinance and Inter-
est on same ar" paid. II direct lux upon
all the real ratntr md PERSONAL property
subject to taxation In Tn" t-itH "'
WhccituE which direct tSx shall d"
levied M scp"rai" 'aA hhu III '.uT,
ton to MI other tnN"s that may nr
levied for the benefit III lhr said 'l'S'
and which shall he sufficient l." pro-
ducc In each year SUM Sptllclch' 70
nay the Interest for one year upon MI
outstanding bonds. and in addition
thereto to redeem in each year. begin
ming in the year 1920. not less than ono
ibirty-fourth U-3itm part or MI inc
bonds Issued hereunder: such direct INK
for the payment Of annual interest ana
Il one--thirty-fuurlh n-3ith) part ahhu-
ally OF all the bonds issued hereunder
may In any ono year, amount to- hut nor
cxcecd nineteen 19) cents on nnch ohe
hundred (}lOO.00) dollars valuation OF
oil real estate md personal proper!
| subject to taxation In The Clty Oh
Wheeling.
, Tho said taxes 40 levied shall he col
lcctcd in such manner AZ In. or thal
| may be hereafter provided by Ia" Tor
| the collection of other taxes levied oy
Tho City Of Wheeling upon reai or por-
| sonal property and said funds so COZ
| lcctcd shall be kept separate from all
| other funds belonging to said Guy.
Section 6. Tn" treasurer OF nc Guy
| of Wheeling. shall on or hcfor" the Iath
! day OF December 1919. and on or hmore
,hc 18th dnys Of June and December IN
| ouch and every year thereafter. uhtll
| The .,.nda issued hereunder are tu'iy
! mid, Ly to the aforesaid commission
| crs ali moneys which shall have come
| into his hands on account or inc alreGa
| tag levied fur INF payment of said bonas
| and Interest thereon. In pursuance Oh
! the requirements of this ordinance
| while the said funds remain IN inc
| treasury Of the City, II shnll DC inc dutS
OF the Council and the CITY treasurer 10
| keen the same deposited In Aomc ohnK
| or banks or trust company or comiIah'cH
| IN The city of Wheeling ut the bnst rate
or interest that can be obtained. whicn
| interest shnll be- accounted for and pniu
| over to the aforesaid commissioners
| with the principal OF snid fund. the
treasurcr shall obtain from tho afore,
| raJd comm lssioncrs receipts Tor All
| moncvs which shnll be paid over 10 them
! under the provisions OF this ordinance.
| which receipts shall be filed and pre-
served by tho City Treasurer
| Section 7. The aforesaid commission
| cr. out OF the moneys received by them
under the provisions or this ordinance.
shall pny the coupons ISSUED with thr
| bonds issued under this ordinance us
| thcy BECOME due on the lat days OF
! IanI.s-:. and July. 1920. and on the IL!
| DAYS oil January end July In zach ana
! every year thereafter. until az oil tnH
snId coupons shall have been fully paiu:
| tho said commissioners shall. beginning
| on the LIT day OF July, 1870. ana on inc
| 1st day OF July In each and every F'nr
thereafter after the payment OF ~ WV ,ho
| interest coupons. apply al OIL tnc
moneys that may have come into thcir
hands by virtue Of this ordinance TO thc
| paying Off and retiring OF the poros
| issued hereunder. at q rate not creator
than their par value with accrued IN,
| tcrcst, until all Of the said bonds shall
have been fully paid: The bonds 10 pc
redeemed shall be determined by the
commissioners by lot on the 3oth nry
! of June Of each year until all OK tho
| bonds issued hereunder shall have peeh
| fully paid. and the said counmissioners
| shall. beginning M tho 31st day Of June
| OF each year that Sonds are 10 De re
deemed and paid, give notice to the hold,
ers thereof by advertisement puolshen
| daily. Sundays excepted. for ten DAYS: IN
Of opposite politics, printed and pup.
| lIshed In The City Of Wheeling. the iirSl
nnhIIeation of said notice to be made
on the said 21st day OF June OF eacn
| wear. should said date be other IMAM
| Sunday. and should said DAT" fall on
| sandal then the first publication shall
| be on the day following. which no'i
| shalI state the number Of bonds 10 De
| redeemed. stating the NUMBER thcIeoi u.
and that the same Will be reoeemea NJ
| the office OF the aforesaid i,"s'ar oa'
| mrs IL Trust Company In The clty OF
| Wheeling or at the office OF the alort
said National City Bank OF New YORK
| (Ity New York on ana AFTER III" !n ~
| day or July next succeeding; M" ~
| ccasn to hear interest thereafter !! Ia
I uruyId,d however. that II ihu holders
| or all ur tho said bonds drawn ny "'
| shall he known Ia Tia" maid r"inmlHal""~
| err then tho nnid commissioners "'"
rIve actual notice In writing !" SUI -
| holders within ton dayn "tirr eu'h
| drawing which nuilrr nhnll III" sam"
| 49, ih,i hrroln othrrwIrr required I" b."
| n,,blIshod and Hurh nCtnnl nnllc" nh"''
| hnyc ,hc saruc rrrrrl mn if IT hhh boon
n,IbIInhrd In TIM manner hor"inhef"ro
scctlon a. Tho CITY or Wheeling
| NAV In addition la tn" direct tax. pro-
w,dc, in Scclion & Of this ordinance for
tho payment Of bonds iasurd by vir'u"
| Of this ordinance md intcrcHt thereon:
apply such other revenues or inc Hoin
| city as the Council may deem proper.
! whether received from TAX IcVlcs "r
| otherwise, to the payment and retire
mcnt OF the bonds issued hereunder. and
interest thereon. and may, In amy year
beginning In the year 1920. redeem ana
! retire ns much more than n one lnirtF-
| fourth part of the bonds issued mere
under. as may be determined py 1oun-
pledges and Obligatcs itself to pay on
Inc LIST day Of July each and every year
beginning on the LIST day Of July. l9"o,
and until saId bonds are fully PAID NOT
| less than one thirty-fourth h-34th9
| part OF the amount or bonds ISSUED
Section 2. IT shall be tho duty OF the
| said commissioners TO cancel. hs thcy
! arc puid off and redeemed The bonds
| and coupons paid by them ana theF
| shall within sixty days after the pay
mcnt Of any coupons. or any bonds. or
both, deliver such coupons hnd bonds
| IN the city Clerk OF Tho City or Wheel
| inr. and tho city Clerk shall prcncrvr
| tho same In q book to be PROVIDED TOT
that purpono.
| tho nrorcnnId commissioners To k"er Il
true account Of NIL their receipts ana
disbursements. md report III" mInr !"
Council In thc month OF AuRn"' al "hch
| ycnr and at such other llmr or lines az
Council shall order. 1t shn n'so hc IN"
| duty of the Snid commissioners 10 en-
| force cnch and every provision OF THIS
ORDINANCES In relation TO their duty. nc
cording TO ite the Intent and meaning
and any failure az any OF IN" said com
missIoncre to cofhply with or perform
any duty prescribed by this ordinance
shall be doomed violation OF tho con-
dltlons OF his bond.
Section II. The aforesaid commits
| sioncrs shall receive as" full compcnsa-
| tion for their services hereunder ono
fourth Of ono perccntum on the amount
disburscd by them under the provisions