Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1889-08-07
Order for Special Election to
Vote on County Bonds.


WHEREAS, the County has for the
purpose OF constructing roads aud
bridges, in the County, under and
by virtue OF the statute. i'm such
case made and provided, become m
debted to about the sum of $50, ooo
90, which is evidenced by certain
Interest bearing Orders, Certificates
and Bonds, at six per cent. now
held by various creditors of the coun-
sty, on Silky two hundred dollars of
which there l.as been obtained A
Judgment in the circuit court of. the
y. ). Ia favor of George Willard
r... &c, and the Court being desir.
Gus Of eithe, paying off tie said
debt Or Of getting it.jntoybonds at a
lower rate of interest, and the am
nual levy necessary at this time, TO
meet direct annual expenditures be
ing, in the opinion of the Court, as
large as it is c.ped ent 10 make the
same, and it being deemed expedi
ent to reduce the interest that the
county is now paying, and the hold
er of the Wayne County bonds, for
T3I 10000. The Society For Say
inss, Of Cleveland, Ohio, being will
ing 10 accept and take the new
bonds Of the County, having Ion
ger time to run at five per centum,
per annum, in place Of the old bonds,
and also 10 take, at par, the remain
der Of the said new issue, at five
per cent, and the County now hav
ing the right to call in the old
bonds, and the Court being of the
opinion that il is to the best interest
ctthe county that a sufficient sum
Of money be borrowed, a. FIVE per
cent, 10 pay off the outstanding six
per cent indebtedness, and the law
requiring that before any such
bonds are issued, that all questions
connected herewith be submitted
10 the citizens Of the county:
Now THEREFORE, for that pur-
pose lis ordered, that a vote be ia
ken at the several places Of voting in
the county, on the question: Shall
the County Of Wayne issue Fifty
Thousand Dollars { 10000 COY in
bonds of the County, PAYABLE. n,
the option Of the County, in one
year from date OF issue, and matur.
ing at thirty -four years with interest
at five per centper annum, payable
semi-annually at the bank Of Hun.
tington, in Huntington, West Vir.
gnia. Said bonds to be Of the de.
nomination Of One Thousand Dol.
lars each, with interest coupons.
And IL is further ordered that for
the FIRST fifteen years after the issu.
ing of the said bonds, il the same
are not paid sooner, that there shall
he levied direct annual tax, upon
the county and respective Road
Districts, in proportion to the
amount the County and each Dis.
trlct owes Of the whole sum. sufi.
Gent to pay the interest on the said
bonds, semi-annually, and at the
least one Of the said bonds. and aft
CT the said fifteen years a like tax C
pay the interest and al least two O.
the bonds.
And for the purpose Of taking
said vote, a special election is here
: N+r+NAIrhA ~ w AAtAU Ut EAEn Vol
ing precinct in the county, on tn
18th day Of October, 1850. and tb
clerk Of this court is directed Il
cause to be written, or printed. a
many copies Of this order as ma
be required and to post copy q
same in his Office and to deliver Z
the sheriff for posting, the COPY fo
every voting precinct in the count,
and the said sheriff shall post on
copy az every such voting place IN
conspicaous place at least 40 da,
prior 70 the said fsth day Of Oct,
Der, 1850 And copy Of this ord,
shall be published at least four su.
cessivc weeks ir tbc WAYNE Men
and the Ceredo ADVANCE, ncwsp
peIs published in the county. &
publication 200 either OF Use said 70
'ef. la4 oe sufficient
.AcN SPECS .al election Shall o. .r