The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1899-05-10
Notice TO Voters.

NJ Speclal session OF the county
Court OF said county he'd at the Court
House thereof ON Monday the sth day
OF May, 1899. the following order was
made aud entered ofrecerd, viz:
WHEREAS, the Morgantown and King
wood Railroad Company has been duty
chartered and organized under the laws
OF West Virginia with a capital stock
fixed at 500, 900, for the purpose OF con
structing and operating railroad with
a telephone aud telegrapil line from a
point at OF in the town of Morgantown,
to point at or in the town Of King
wood, and
WHEREks, many voters OF Morgan
District in Monongalia county have Pc
titioned and asked this court to submit
to the voters of said Morgan District the
question Of subscribing and appropria
ting money or bonds 10 aid in the con-
struction of the railroad, telegraph and
telephone lines proposed to be construct
ed and operated in and through said
District, as part of the railroad afore-
said, by the said Morgantown and King
wood Railroad Company, and having
reference TO said petition the Court
deems it desirable for said District to
appropriate money for the purposes
aforesaid;
Therefore 1t is ordered by the County
Court OF Monongalia County that vote
Of the legal voters OF said Morgan Dis
triet shall be taken at a special election
which shall be held on
Saturday, the 10th Day OF June, A. d.,
1899,
at the several places of voting now es-
tablished in said District, upon the
question OF subscribing and appropria-
ting by and on behalf OF said Morgan
District, the sum of S45 900 to the pre-
ferred per cent. per amman dividend
bearing capital siock, of the said Morgan
town and Kingwood Railroad Company,
upon condition that not more than sixty
thousand dollars Of such preferred stock
shall be at any time issued. The vote
aforesaid shall be taken in manner and
form and the result ascertained and Ger.
lifted and returned as prescribed by Sec
ton "a of Chapter 80 of the Code OF
West Virginia, and notice shall be pub
Iished OF said election as required by
said Section, and by publishing the same
for four successive weeks in the Morgan
town Post and the New DOMINION, weekly
newspapers published in this county.
The ballots used at said election and in
taking said poll shall have written or
printed thereon the words "For Sub
scription,n or Against Subscription, y
or any other words which will show how
the voter intended to vote upon the
question OF appropriation and subscrip-
ton aforesaid. Said appropriation and
subscription when made shall be subject
to all the terms, limitations and condi-
tons imposed by law, and to the further
terms, limitations and conditions, which
are herein imposed and made part oil
said appropriation and subscription.
II three-fifths $3.50 or more of the
voters OF said district who shall vote
upon the question OF such proposed APP
preparation and subscription are in favor
OF same, the said sum OF $45, 900 shall
he subscribed to the capital stock Of said
Railroad Company in the name of said
Morgan District by an agent or agents
who shall be appointed by this court
Such subscription shall be payable in
the coupon bonds OF said District, bear
ing interest at the rate of five (5) per cen.
tum per annnm, payable semi-annually
which said bonds shall be received by
said corporation at par In exchange for
and in payment of an equal amount OF
the per cent preferred dividend bear.
ing stock OF said Corporation. Said
bonds shall be issued and signed by the
President and Clerk of the County
Court aforesaid under the seal Of said
court, and shall be delivered to the said
Railroad Company or its agent as fol-
lows, viz: Upon the completion o
sections OF two miles each
of said proposed railroad in Nor
gan district ready for the rolling stock
and in actual operation, beginning at a
connection with the Fairmont, Morgan
( lwn 4 Pittsburgh Railroad, or with
the Monongahela River in Morgantown,
there shall be delivered to he, Said Nor.
gantown and EDHeAxood Railroad Com
| panv the sum of $4 800 in said bonds al
their par value until said railroad shall
have been completed through said dis
said $45 900 of bonds shall be de.
| livered. At the same time that the
said bonds are delivered to the said
Company an equal amount at par value
of the per cent. per annum preferred
| dividend bearing stock certificates oil
said company shall be delivered by said
Company to the Clerk of this Court foi
said district. The total issue OF PREFER
/ eQ U per ttnt. ulNiutuu StpCh dlOTtodtu W
be issued by said Railroad Company
shall never exceed 100000 par value
and shall be preferred and entitled ia
receive in each year out Of the net earn
ings OF such year dividend OF per
cent. upon the par value thereof which
shall be declared and paid before any
dividends shall be declared or
paid in such year upon any
1 IL .f Do
pany. The coupon bonds afore-
said, shall be issued in denomina-
tions OF $500 each, and shall be number
ed consecutively from No. to No. 80
inclusive, with forty semi annual
coupons of the denomination OF $12.50
each attached to each bond, and bear
| ing the number Of the bond and the fac
smile of the signature OF the Clerk OF
said Court and payable on the LIST
days of January and July in each
year. Said bonds shall be redeema-
BILE and payable on and after the
3Ist of December, 1904, and on or before
the 3lst day OF December, 1919, at the
option OF the said county court. A d.
rect annual tax is hereby expressly pro-
vided which shall be annually ascer-
tanned, levied and assessed by said
court, and collected according to law, on
the taxable property Of said District,
sufficient to pay the annual interest on
the said bonds from the 1st day of Jan y
1900, to the 3lst day Of December, 1904,
and sufficient after that date to pay an
nually the interest and such part of the
principal of said bonds, so that
the bonds and interest may be
fully paid off and extinguished
Z Al I,k1 - L.
1919, by annual levies and payment Of
interest and principal as nearly equal in
amount as practicable in each Of said
years from 1905 to 1919 both inclusive.
The bonds to be redeemed and paid in
each year shall be ascertained by the said
court impartially by lot and publica-
ton of the numbers of the bonds
so to be redeemed and paid shall
be made by said court in some newspa-
per published in said county, for four
successive weeks, prior to such
redemption after which all inter.
est On said bonds SO published shall
cease. The interest and principal of
the bonds aforesaid, when due. shall be
paid by the Sheriff of said County, upon
presentation. out of the leyies and as
sessments herein provided. The amount
of the subscription aforesaid shall be
expended in the construction of said
Railroad within the said District and
not elsewhere.
Norgaptown apd Kingwood Railroad
Company in said Morgan District within
four months from the date of said cleo
ton. ard be prosecuted without unreas-
enable delay to completion to the
f..H ~ bo OF hxx