The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-05-10
Recorder.

einia, being ono years interest on its
six per cent ton year Street Improve
ment Bonds. Series &C. No. -.
Recorder
Section !. The said commissioners.
before proceeding TO act hereunder.
shall execute Il joint bond, with surety
to be approved by Council. in the penal
" of Twenty-siX Thousand Dollars
($26. 600. Oo). conditioned that they vii!
faithfully perform their duties and ac-
count for and pay. over as required by
this ordinance. all money that may come
into their hands as such commits sion rs
Said commissioners shall be subject L.
removal by Council for cause but not
before notice and an opportunity - he
heard is given by Council, and any va
cancy shall be filled by Council. and inc
rev commissioners. together with the
others shall enter into Il new bond. as
above provided. The said Comm Sslon-
ers shall deposit the funds coming into
their hands by virtue hereof in such
bank or trust company as the Council
may direct and should any interest be
received by reason of thc deposit the
same shall be paid by said commission
ers into the treasury Of the Town on
order of Council and shall hccom" part
or the sinking fund hereinafter mem
Section !. Tho bonds so signed. c3un-
tersiSned. sealed and delivered shall be
sold by the said commissioners at not
less IMAM JnFlT par value StII III lIS
manner required by law and III" issu-
ance and sale OF said bonds shall b. gov
erned by all the restrictions and limta-
lions provided by the constitution and
laws Of the Stale Of West Virginia and
shall be in conformity herewith. Tho
proceeds arising from the sale Of said
bonds shall be paid out by III" said
commissioners for the pnrp"ses herein
provided, to such persons as III" Council
shall from time to time direct. If by
nF thr sale of said bonds ut
premium or for any other reason there
shall remain surplus in tho hands OF
| the commissioners after all payments
have been made. such surplus shall be
paid into the treasury of tn" Town. on
| the order OF Council and shall become a
part Of the sinking fund hereinafter
/ mentioned.
Scclon 1. To provide a sinking fund
and the payment Of the principal nf said
bonds at maturity, there shall be annu-
! ally levied by the Council Of The. Town
of Haywood, at the same inc tho an
nual levy for other purposes is made.
| in each year after said bonds arc issued
and until such time as there is II Suffi-
Cent amount Of money in said fund TO
pay all Of said bonds then nutStand inT
| and all OF tho interest due and 10 be-
| come due thereon. a direct tax upon al
| real estate and personal property sub
| jcct 10 taxation in said Town OF EdG.
| wood which direct lax shall be levied
| A.
taxes that may be levied for tn" benefit
Of said Town and shall ID" sufficient
! to produce In each year "A sum Of money
| sufficient OF pay the interest for one
addition thereto redeem all Of said bonds
issued hereunder at maturity. TIL"
| taxes so levied shall be-. collected in
| such manner as is or that may b" here
after provided by law for tho collection
Of other taxes levied by The Town upon
| real and personal property. and SAID
] funds go collected shall hc kept srparat Q
| from all other funds belonging To the
| Town.
provided for in tho next preceding sec
! lion. the coupons for interest attached
To said bonds shall hc paid as they be-
como due and all or any part Of the
| bonds issued hereunder may. at thr oD-
ton Of Council. upon notice being given
| as hercinafi or provided. be redeemed in
not less than one year nor in NOR" man
| ion years from their date. al tho end Of
any year after their date. Said bonds.
il redeemed. shall be redeemed in tho
consecutive order of thir numbers. COM
| mcncing with number "Onc" nj rate
not greater than their par value, with
/ accrued interest. Upon notice to the
| holders OF the bonds TO b" redeemed as
| aforesaid, given by tho Recorder Of the
| Town. by publication one" week for
| two consecutive weeks in some daily
| newspaper published in the City Of
! wheeling. Ohio County. West Virginia.
land of general circulation in said Town
| of Edgp>ood. stating in said notice the
number Of the bonds ar bonds To b.
/ redeemed and the time when they will!
he paid tho bonds to bc redeemed by The
terms Of said motto" shall b" presented
atSthc time stated in said nniIc" at TN"
office nf the WhcclinG SANK TrmSt
! CO in the City OF Wheeling. West Nir-
| rinia for payment and after tho dair
fixed In snid motto" for the redemption
az the bonds therein designated. such
no interest will thereafter be- paid
section 6. Each coupon and bond
paid or redeemed shall b" immediately
cancelled by tn" Recorder of the Town
and shall br exhibited by him to roun-
eli nj lis first meeting after such pay
i,nrnt or redemption. and tn" Recorder
| shall prrscrvc tho same In 4 book To- he
nrnvidcd for that purpose.
Section 7. I, shall hc IN" duty IF the
eaid commissioners Ia keep Il true Ac-
count ~ nil their receipts and dishursr
mrnts and report the same In Council at
such times as Council may direct. and
said commissioners shall b" allowed n
vices hereunder. hnt not It" exceed ono
half Of ON" per cent IF the dishursc-
ments made by them.
Section 3. The word Mayor" and
! "Rnrordcr." when used in this ordl-
nance. shall be taken TO mean IN" Mayor
and Recorder respectively " TIL" Town
~ F,dgwuod and the word Town shall
be taken To mean III" Town Of F;dEwnud.
9ection 9. before making any sale "f
ithc said bonds Tho commissioners shall
advertise tho same at least one" II week
for four consecutive weeks before such
sale in nnr of tn" daily newspapers pub
lishcd in the City Of Wheeling. and by
such other advertisement LIS TO such
such commissioners may seem adNis-
able. stating tn" time and place in The
Town Of Edgwood whcr" they will re-
ccivc bids IN writing for said bonds.
And such bids shall be opened by th@