The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1899-05-24
Notice To Voters.
State Of West Virginia. County Of No

Al04rE tltCt ttl VII @etVloAN N4tC OIL N@t
Of May, 1899, the following order was
made and entered OF record, viz
WHEREAs, the Morgantawa and King
wood Railroad Company has been duly
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 a railroad with
a telephone and telegraph line from
point at or in the town Of Morgantown,
10 point at or in the town OF King
wood, and
WHEREAS, 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 TO 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
eference TO said petition the Court
deems it desirable for said District to
appropriate money for the purposes
Aforesaid;
Therefore it is ordered by the County
Court Of Monongalia County that vote
OF the legal voters OF said Morgan Dis
trict shall be taken at a special election
which shall be held ON
Saturday, the 10th bay 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 aud on behalf of said Morgan
sof 4, # atn 10 he
ferred per cent. per annum dividend
bearing capital stock 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 aud GER
tilted and returned as prescribed by Sec
ton "a Of Chapter SO Of the Code OF
West Virginia, and notice shall be pub
lished of said election as required by
said Section, and by publishing the same
for tour sue, eosive 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," or Against Subscription
or any other words " hieh 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 OF
said appropriation and subscription.
II three fifths (3-5) 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 S45, 900 shall
be 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 annum, payable semi-annually,
which said bonds shall be received by
said corporation at par in exchange for
md in payment of an equal amount OF
tue 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 OF
sections of two miles each
of said proposed railroad in Nor
Ian district ready for the rolling stock
and in actual operation, beginning at a
connection with the Fairmont, Morgan
town & Pittsburgh Railroad, or with
the Monongahela River in Morgantown,
there shall be delivered to be said Nor
gantown and Kingwood Railroad Com
pany the sum of 81 800 in said bonds at
their par value until said railroad shall
have been completed through said dis
trict, at which time the remainder OF
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 OF
said company shall be delivered by sad
Company to the Clerk OF this Court for
said district. The total issue Of preferr-
ed 5per cent. dividend stock aforesaid TO
be issued by said Railroad Company
shall never exceed $780, 900 par value
and shall be preferred and entitled to
fCCtift III cdCb car OQb VI tnt uct car
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
other stock of said Railroad Com
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. 90
inclusive, with forty semi annual
coupons OF the denomination OF $3.50
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
day of January and OF July in each
year. Said bonds shall be redeema-
BILE and payable on and after the
3lst 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 31st 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
ON or before the 31st day of December,
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
depended in the construction of said
Railroad within the said District and
not elsewhere.
Unless work shall be begun by said
Morgantown and Kingwood Railroad
Company in said Morgan District within
four months from the date OF said cleo
ton. and be prosecuted without unreas-
enable delay to completion to the
| full extent of the distance covered by
the said subscription then said subscrip-
| ton shall be null and void.
1t is ordered by the Court that the
sum of Two hundred dollars be placed
to the credit OF the County Court in the
Farmers and Merchants Bank. OF Nor
gantown W. Va, or, in lieu thereof, 9