West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-05-18
COMp,,Hg,
Saturday. the I7M Day Of June,
A. d., 1899,

Saturday. tile I7M Day Of June,
A. D., 1899,
at the several places Of voting now established
in said District. upon the question OF snbscrib
ing and appropriate ng by and on behalf of said
District sum not exceeding $4,000 or so
much thereof as may be legally appropriated
and subscribed 90 the preferred per cent. per
nnLum dividend bcurir e stock of the sald Nor
gantown and Kingwood Railroad Company,
upon condition that not more than sixty thous-
and dollars Of such preferred stock shall be nc
any ii ne Issued The vote afosesaid shall be
taken in manner and form and the result
ascertained an certified and returned as pre-
soribed by Sec "a of Chartor 30 OF the Code Of
" est Virginia. and notice OF said election sh all
be Published as required by said Section and
by publishing the same for one month I'm tho
Preston County Comfy journal and wESr VIM
GINA ARGUS, weekly newspapers published iu
th county. The ballots used at said election
ard In taking said poll shall have written or
printed thereon the words For subscription"
% - gainst sub scription, e" or any other words
which VIII show how the voter intended To
vote upon the question of appropriation and
subscription aforesaid. said appropriation and
subscription when made shall be subject TO all
the times, limit tions and conditions imposed
10y law and to the further times limitations and
made part of said appropriation and subscr:p-
ton.
TT THREE FIFrHS 0-5 OR MORE OF THE
NOI Eiis OF SAID DISTRICT who shall vote
upon the question OF such proposed appropria-
ton ana subscription arc In favor Of same, the
said sum Of $4,000 &. SO much thereof as NAV
be legally subscrihed) shall be subscril Cd to
the capital stoo OF said Railroad COMPANY ia
the name of said Valley District by an agent or
agents who shall be appointed by this court.
such subscription shah be payable In the cou-
pm bonds Of said District bearing Interest at
the rate OF FIVE 90 per ceutum per annum. pay
able sent annually, which said bond shall DO
received by said corporation NJ par i'm exchange
for ard IN payment OF en equal amount OF
OF tic FIVE per cent preferred dividend.
teirinG ;t1ck II said CO raticn said
bonds shall bc sued and signed by the Presi-
| don't aad ERIK pl the County Court aforesaid
under the zeal 81 said Court, and shall be de-
/ liyerei 90 aid Railroad Company orits agent
as follows. viz:
Upon the com; elton Of each mile of said pro-
posed Railroad in valley district ready for the
/ rolling stock aud in actual operation there
! Shall be delivered TO the said Railroad Com
pany th@sum OF $1,000 IN said bonds at their
! lar value, until the whole Of said subscription
| shall have been paid In said bonds At the
same time that tine said bonds are delivered to
/ tho Company an equal amount at the par v lue
| OF the 30 Ter annum preferred div dend bear
! ing stock certificates Of said Company shall be
! delivered by said mpany to the Clerk of this
! court for tho soid District. The total issus of
! preferred 80 dividend stocL aforesaid TO be Is
/ sued by said Railroad Company shall never ex-
coed 500 GOO par value, and shall be preferred
! and entitled TO receive iu each year out Of tho
! net earnings OF each year a dividend of 30 up.
/ ON the par value thereof which shall BIO de-
/ elatc and paid before any dividends shall be
! declared and paid upon any other stock Of said
! Railroad Company out of the net earning OF
I such year. The coupon bonds aforesaid shall
Doc issued I'm denominations Of $500 each and
! shall De numbered cOusecutively from No 1
\ with forty semi annual coununs Of the demon
] nation ~ slao each, attached 10 each bond.
and bearing he number Of the bond and the
/ facsimile OF the signatures Of the Clerk OF said
/ c. ut ana payable January first aud July first
] OF each year. Said bonds snail DO redeemable
/ and payable ON and after the 8ist day of De-
/ cembor, 10 az the option Of the SAID County
| Court. direct annual tax g. hereby expresslv
| provided which shall be Annually ascerta,ned
/ levied and assessed by said court. and collect
I cd according 60 law, ON the taxable propertv
/ of said District, sufficient TO pay the amman
/ ntcrcst ON tho said bonds, from tho ist dav Of
! January. 1900 60 the 3ist day OF Dooom Der. 1904
\ and sufficient after that date TO pay annually
I tie interest aud such part Of tho principal OF
said bonds. 500 thlt tho same may be fully maid
! OF and eZiiugu.ah e! ON before the ist day
/ of o'ewb'r. 1910. by annual loyics and nav
I mentf interest SUI rrlucipHl as nearly equal
/ Tho .uIf lrnrflCrf io in each az said vears
| fron Otto 1919 'uclu<
INe bonds tu nc fcdoo Hah'c and paid in each
ycfr Fltil De atcoriu q by ID CDu1fv Court
! lmpliiiaNy by Iot, aud puJ icHtfou of the nurn-
I To Of fHC bond .u fu fr rod coefd ord f,@ft
I lu CHcH Fclf Nui he H.Cprfafnrd bv eofI
o1HtF COURT iig'tr. JEDI by lot; aud rubicl-
uNn 'f the nu uNcr OF ODE bonds s1 to DO re-
/ d'cned eui paid shtl be- m4do by said Court
? ,n some W.fYar published Boo said County.
fNi I''f n'r we U.e|s uftul Co auciI rrI efou-
t.oH 90 er Wl ch interest on sold bonds SO
. pll i.nrl shalt cr1es.
4 Ilc te.e .Il iro'rsl 90 fhe bonds aforo-
fI id. when due. -hHlI be na .d hy Tire IS cflf of
sta com Oh upon pre- .ert 'tiD1. uut uf tine lev
i frt aut .sI .tu.cuft hove provided The
+ rr.onrf 0i iho tu1soririiou oiures 50 .n 10 be
f expended iu tho construction of D Roilroad
within iiH sfid Di 'riHf and not cis Nvhetc i'm
ic. IIi r1au .nHIi Or Doe completed from
sad point ai oIin Horg9utowu Through Nor-
+ gan D strict in M'f ougu.i1 ounfy fo tho l'fes.
. tom County uo. Huf fno cation and couetruo-
tinu ol .iid road lo from Nor,antoyn 10
. LIutWT.d rIH o. % .ri'c 1e uotry 8e practie.
n.e nd e'n.h fh.rroi. of taudard gsuge.
81 200 ruNUifnt equip ND1f fIf go' oral pHeseu tcr
b aorraHfuwn Hnd Eif lr.Id fttfftotU 90. rua,iv.
uIlIIu .id NW'ry .i-frIri. within SIS mouths
lr.4 'He daf. OF soid 20. and stii Rail.
Jl ,tc3t.p h ,Eo sr. ir'n saii
ly #d su. .iP.loni ineo sold Subscription
nt ur hinnwa'i Within htrYcars from Tho
date of e1id election. fbsn sold suhscription
sH".I Uu uul. auI void.
uui nl,''H lan oiuci shall prevent
tho iyey af tnc district bonds as iast ss
ILnfOU ovid. rau.I usre.na are atftorizot