The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1896-11-28

10 the QNdttJtfd r0ttte 81 INC iO'rH % MOT
gaatown, and all others concerned:
The Common Council Of the town OF
Morgantown, in Monongalia county,
West Virginia, at regular meeting
thereof held at the Mayors Office in said
town, on Monday the 23d day of No
vember, 1896, adopted the following or
dinance:
An ordinance to provide for the issu-
ing and sale of bonds for the purpose OF
paying the Indebtedness against the
town
Be it rdained by the Common Coun-
Gil of the town of Morgantown:
That the bonds OF said town are here
by authorized to be issued and sold ac-
cording to law to the amount OF Six
Thousand Dollars, said bonds TO be OF
the denomination of one hundred dol
lars, bearing interest at the rate of six
per centum, the interest payable nnnu-
ally and the principal as follows:
$1,000 thereof payable in ii years after
date.
$1,000 thereof payable in l2 years after
date.
$1,000 thereof payable in Is years after
date.
5000 thereof payable in IA years after
date.
$1,000 thereof payable in Is years after
date.
$1,000 thereof payable in 10 years after
date.
The proceeds of said bonds when is
sued and sold as aforesaid shall be APP
piled to the payment of the present in
debtedness against the town due and
unpaid consisting of outstanding orders,
and judgments of the Circuit Court OF
Monongalia county.
But all questions connected with the
issuing of said bonds shall be submitted
to the qualified voters OF the town in ac-
cordance with the statute in such case
made ard provided Said election shall
be held on
Tuesday the sth Dag Of December,
1896, next and the Mayor is authorized
and directed to issue his proclamation
accordingly.
Now therefore /, Joseph Moreland,
Mayor Of said town do hereby proclaim,
that on the Sth day Of December, 1895,
next at the Mayors Office in said town,
by my appointment an election will be
hello in pursuance OF said ordinance, and
in accordance with the statute III such
case, By the qualified voters of said town
to decide whether they will ratify or re-
ject said ordinance.
Persons voting at said election for the
ratification OF said ordinance shall have
written or printed upon their ballots the
words "For Ratification and persons
voting against ratification OF said ordi-
nance shall have written or printed upon
their ballots the words For Rejection
/ submit the. following as specifying
the aggregate amount OF all Indebtedness,
issued end authorized OF the said town
existing at this date;
AS appears from Report of a Com
mittee OF the Council made and filed on
81. day of ......., 1895, the COM
mencement OF the term of Office Of the
present council, the indebtedness Of
lid town was then as follows:
Bonds Of the town overdue and
unpaid ........,..,-.@t ..s.s... *oo0 w
Interest coupons unpaid and
outstanding ..4.... 1866 90
Town orders outstanding. $500. 4,l6l OF
Total. .s...................$5, OPT OF
Most Of said orders are interest bear.
ing.
Since the above report judgments have
been rendered in the Circuit Court
against said town as follows
June %, 1896, III favor of John
II. Hoffman's adm'r.for dam
ages. ............-+...,. fooo w
Interest thereon till paid
Costs, taxed at ....,.-.....t.,., 224 vi
Town against Mary R.A.Kiger
and others for land taken for
street ...-........+..ssa <VV w
Interest from October 9TH, 1895
till paid 49,. ..............
Costs taxed at ............ Al 10
There is outstanding and unpaid a
bonded debt of SIG, 500, of which $500
are dated January LIST, 1896, being those
of the series OF $6000.00 issued on that
date still remaining unpaid, this series
being made payable as follows: $1,000
in ten years after date and $1,000 in each
succeeding year until all are paid And
the remaining are dated June |, 1892,
being the whole Of the series Of $4,000 90
issued on said last named date, this SER
les being made payable as follows:-
100000 in ten years after date thereof,
and 100000 in each succeeding year
until all are paid,
The levy for the present current year
was estimated to be sufficient to defray
the current expenditures of the year in
Guiding Interest on bonded debt and
principal OF bonded debt overdue and
will about meet the same, after making
allowance for delinquent taxes, etc. so
that the outstanding indebtedness ex-
elusive OF bonds will be about the
amount of the orders and judgments
above recited, including interest and
costs, and for the payment OF same about
100000 is required.
JOSEPH MoRELANp, Mayor.
Morgantown, w. Va, Nov. "a, 1896.