The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-07-03
tcrest on It's six per cent ten year stree
Bonds. Series CO No. -


Recorder.
Section . The said Commissioners, be-
fore proceeding TO act hereunder. snail
execute 4 joint bond. with surety TO De
approved by Council in the penalty or
one Hundred and Fifty Thousand 0l60.-
900 00) Dollars. conditioned that they
will faithfully perform their duties and
account for and pay over, as required
by this ordinance. all money that may
come into their hands as such Commits
sioners. Said Commissioners shall be
subject to removal by Council but not
before notice and an opportunity TO be
heard is given by Council, and the new
Commissioners, together with the others
shall enter into 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 al,
. rect, and should any interest be received
by reason Of the deposit, the same snail
be paid by said Commissioners into the
treasury OF the Town. on order Of Coun-
Gil and shall become a part OF the SINK
ing fund hereinafter mentioned.
Section ). The bonds 30 signed, coun-
tersigned. scaled and delivered shall be
sold by the said Commissioners at not
less than their par value and IN inc
manner required by law and the issu-
ancc and sale Of said bonds shall be
governed by all the restrictions ana nm
and laws OF the State OF West virginia
and shall be in conformity herewith
The proceeds arising from the sale OF
said bonds shall be paid out by the SAID
Commissioners for the purpose herein
provided. to such persons as the Council
shall from time TO time direct. IT. by
reason of the sale OF said bonds al
premium or for any other reason, there
shall remain surplus In the hanos OF
the Commissioners after all payments
have been made such surplus shall De
paid into the treasury Of the Town. on
the oreder 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 the payment Of the principal OF said
bonds at maturity. there shall be annu-
ally levied by the Council OF the Town
| Of Warwood at the same time the an
nual levy for other purposes is made:
| in each year after said bonds are issued
! and until such time as there is q suTi
cient amount Of money IN said luh9 "
pay all Of said bonds then outstandinG
| and all Of the interest due and TO be.
come due thereon, n direct tax upon all
real estate and personal properly SUD
| icct To taxation in said Town or war.
wood, which direct tax shall be ley'co
as q separate tax In addition 10 all o'nrr
taxes that may be levied Tor ne oenet :, y y
| Of said Town, and shall be sufficient 70
| produce In each year sum or money
| sufficient to pay the interest Tor one
/ year upon all outstanding Donos. anu "a -,
addition thereto. redeem all or salu
! bonds issued hereunder at maturity. Inc
taxes 80 levied shall be collected in such
manner as Is or that may be hereafter
! nroyided by law for the collection OF
| m her taxes levied by IN" Town upon
real and personal property. ana sag
funds 80 collected shall be Kept scparale
from all other funds belonging 10 lhe
Town. ,-, .s
provided for in the next preceding sec,
| lion, the coupons for interest attacheo
10 said bonds shall be paid as tncy DC.
como due and all or any part OF tne
bonds issued hereunder. mny: at the OPP
Non Of Council, upon notice being given
as hereinafter provided. be rcoeemeo III
NOT less than one year nor in more than
ten years from their date at thr enc ni
any year after their date. SAID hon9s'
II redeemed. shall De rcneen,sn !" oom-
consecutive order Of their numbers. com.
mcncing with number One az rate
not greater than par value, with accrued
interest Upon notice to the hoincIS oi
| the bonds 10 be redeemed as aloresaiu.
given by the Recorder OF INC ao ronse v.
utIye weeks In some daily newspapcr
published in the City Of Whcciinb ONO
County West Virginia. ana or gcncId
circulation in said Town OF "arWoou,
stating in said not'cc lhc rnoS nj
: tho time when they will be PAID. thc
/ bonds 10 be redeemed by III" terms OF
said notice shall be- presented al INC
time stated in saJd notice Al INC =. IIc.,
| NJ tho Bank Of Warwood in the Town
~ Worwood. West Virginia. for pay,
mont and after tho date fixed IN sH,d
no,icc FOR the redemption cf IN" hnn"S
therein designated. such bondS snaI.
cease to bear interest and no in'ereS'
.
will thcrca ft"r bc paid thereon is
Section s. Each COUPON and bond p&ld
or redeemed shall he ir1m"diatcly can
crIcd nv tho Recorder NJ he Town ana
shall be exhibited by hin 10 tNunr.! az
lis first meeting "ftcr such p"ynEhI "r
rc5omptinn. nd tho Fec rdor ssh PFC,
servo tho snm" in bo"k 10 p' PRIV '"'N
for that prrpcs" ho
Scc.icn :. I, shall ho tho duty 81 the
soid C>m"i'eG'"n RS I" kcnp nru" u.
county Of all thr'r receipts ana dlSpuISc.
rocrts and roper tho sHr'" 10 { uile' a,
snch ,i.nca as Cornc'l may drcc'. ana
rotd commissioners shall hc allowed
r~o.nrrh'c c>rrp"nsR'inn Ter inc. S'I
vices hereunder. hut not To eHcrCn one
hnIr Of ono n"r cent or the dlsoursc-
. m"nts rrrdr by thrm.
coc.i n & Tho word mayor ann
"rCcrrdcr" when used in this ordinance;
eb,Il he taken to r1"a nthc MAYOR ana
/ rccnrdc- respectively Of tho Town OF
! Warwootl and tho word "T.Tn shaI! o'
tal,cn 10 rncan ;h> Town Gf "arwooo'
Scc,irn =. Before making any sale OF
! 80 s,,d h,nds tho commissioners snail
! odysrtisc tho same at l"nst cncc W"C
rnr fnur c.n"~cutiv" wocks b"f"r" S"rh
ralc in ono Of tho daily newspapers puo-
hshnd n tho C''y Of Wheeling. ana ny
such other rdv"rii@omcnt as 70 sn
C-rmui.sir ncrs may doom adv "a DC
stating tho tim" md place in the Town
! ~ warwccd. whore they Will rcc".F"
bids in writing for snid bands Ana UT
h d. shall 10 on"ned 10y ~" tornm! "a
si"ncr. in tho prc.onc" Of Council AID
shor,,d Tho highest b'Is exceed the
onE'unt ~ III" bonds 70 he sold. then the
said bonds shall hc apportton"d ny thc
: commissioners among thos" nindlnG INC
highest price. and tho said Comm SS,0n
: crs may rrqur" such guaranty from o'N-
/ doris AS they may dccm proper.
section 10. Tho general nature or IN"
nuhlic improvements hereby authorized
and which Council hereby dctcrHnIncH
that il will proceed with. IN acSoiuanCIr,
with tho resolution ndon'cd ny 2u'.o.1
cordancr with tho plans and sp"cinco-
i tions estimates and rrofileS Tor said I'm,
nroyCmcnts now on file in the otnce OF
the Recorder OF tho Town IL lWproN.nE
the following named pubic s,rG%lS. ave-
nucs alleys and lanes in sad Town;
worwccd Avenue from III" southern
corporation line Of the Town OF war
wood TO the south side or Ihlro Str'ct;
Richland Avenue from the northcr.
side OF Third street to the souI ne,Ly
side Of Fourth s rect: from the nort
nrIv side Of Fourth Street to the sout n
erIy SID side Of Eighth street; from the
! nnr,bcrIy side Of Eighth Street TO- the
Eoutheriy line OF Ninth Street and nom
! the northerly line OF Ninth street 10 'ne
Ennrtb street from the westerly line
~ Warwood Avenue to the westerly line
~ R;chInnd Avenue and from the east
or,v inc Of Ohio Avenue to the westerly
| line Of Ohio Avenue.