West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-05-25
MorgantOwn and KiRgwood Railroad
Company,

Therefore il Is ordered by the County Court !
OF Preston County that a vote OF tho legally /
qualified voters OF said Valley District shall lie
taken at a Special r ection which shall be held
on
Saturday, the I'm Day Of June,
a. d., 1899,
at the seycral places OF voting now established
in said District, uron the question OF subscrib-
Ing and appropriat ng by and on behalf of said
District sum not exceeding $4,000 or so
much thereof as may be LEGAL appropriated
and subscribed to the preferred per cent per
annum dividend beaii stock OF tho aid Nor
gautown and Kngwood Railroad Company.
upon condition that not more IN sixty thou,
and dollars OF such preferred st ok shall be at
any ii nc issued The vote afoscsald shlll be
takcn in manner and form aud tho result
ascertained an certified and returned as nre
scribed by Sec 81 Of Chapter 80 of the code OF
Nest Virginia, and office of said election shall
be publhed as required by said Section. and
| by publishing the same for one month I'm tbe
Preston County County Journal and WEST VIZ.
GINA ARGUS. weekly newspapers published in
| tbs county. The ballots used at said election
| aud in taking said poll shall have written or
| printed thereon the words For Subscription''
or " gainst subscription" or any othe words
! which Will show how the voter Intended to
! vote upon the question of appropriation aud
! sub crptiou aforesaid. said appropriation and
| subscription when made shall be subject 90 all
! the times, limit tions and conditions lfnpo.ed
by law and TO the further times Limitations and
conditions, which herein imposed aud
made a part of said appropriation and ubscrip.
ton
IT THREE FTFTH' 90 or WORE o2ruE
| VOTERS OF SAID DISTRICT who shall v te
| bp tup ff,,. -
ton and subscription are In favor of safe. the
said sum of $1,000 or SO much thereof AS may
he legally subscribed) shall be subscribed TO
the cap tai stoc Of said Railroad Company il
| the name of said Valley District 10y an a. el,t or
agents who shall be appointed by this court
such subscription shall be payable In the con
pm bonds Of said District lie iring intere ~ AT
the rate OF five 90 per centum per annnm. pfy.
able semi annually. which said bond shill be
received bl said corporation at par in exchange
Tor ard IN payment of an equal amour. ef
! Oh the i've per cent prcferel dividend
| lie ring { ick If said CORPORATION said
bonds shall be issued aud signed the Pre-.
dent aud Clerk Of "a County G., urt aforesaid
under the seal of said Court. and shall be de-
! ivored to said Railroad Company or its a,o,t
| as follows, w:
Upon the completion OF each mile Of said pro
posed Railroad In Valley District ready for the
rolling stock and lu actual operation there
shall he delivered TO the said Railroad Com
pany the sum of S2.COO in said bonds AT their
par value. until the whole uf said subscripfion
shall have been paid in said bonds At the
same tine that tho said bonds are delivered In
| the company. an equal amount at the parry lue
OF the 80 per GnLum preferred dividend bear.
ing st, ok certificates Of said COMPANY shall he
| delivered bv said mpany TO tho Clerk of This
court for the said District The total issue Of
| preferred 50 dividend stock aforesaid To be is
sued by said Railroad Company shalInever ex-
coed $50 eco par value, and sh4l, be preferred
| ana entitled To receive in each year out Of the
net earnings Of elch year dividend of so nm
on the par value thereof which shall be de-
cIatel and paid before any dividends shall be
declared and paid upon any other stock Of said
railroad Company out Of the net Gaming of
such year The coupon bonds aforesaid shall
| be issued In cminations Of goo each and
shall be numbered cOnsecutiyely from No
with forty semi annual coupons of the demon
| nation Of Sl2.50 each. attached TO each fond
! ana bearing he number Of the bond and the
facsimile OF the signatures Of the Clerk of said
| G. ut and payable January first aud July first
! of each year. Said bonds 81 all be reIeerst,i,.
and payable on and after the stst dr., of De
cember' 10 at the option Of the SAID County
! court. direct annual tax IL hereby expressly
! provided which shall be annually asccrfained
/ levied ana assessed 10y said court. and col ect-
I co according to law. on tho taxable property
Of said District. sufficient 10 pay the animal
intere't ON The laid bonds. from tho ist ,iov ~
1 January 1900 to the 8ist day or pcee,nber toot
and sufficient after that date e. nav anfu,iiy
we lutefest ana such part 81 the princinal ~
said bonds. so hat tine same may BE- fnlly ,,td
on AID ex'inguishe o1 % before tie + 'i"s
OF ereWber. lhij. hy nnnuu lcyics anI ptv.
,lrhts q Wteroft and DTiuciuli as ncariy euuaf
90 amount a. practicable in each Of ..i.d ya..4..
from OTTO 1918 INCLUSIVE
me oo9iq- 20 De tcieo rabie md paid in o8ch
t"ptit ielly by Ioi,and pub irGfior ol flc .rn "
in each yca half bo r.r.rt iin-d "
o1nty court imp1rt 'gU bv lpf: and trt,.t
l'n on the number "t The bonds go q, bo rc-
N some w-lapar Published i1 att tuurfv
t'i i' ."t'- we Wat.s rrlUi fo strif i.n.-
,,,i, i,.J w ~ ~ l..a 'te'tl 'n .at bond -o
lho terest "nd o. incpn of fbc b,ud af -e
said county ugou prescott ttioa. aut pr th. Ie,
ief aud ass sstc1t7 hcrHfi rrugtt.d linz
within tho sIid Di friof and loot tlreteior ,,,
ss ,I. r3ao sn"i, ng ,e como oted fr'p
gan strict boz VI rougl iu ouufy f5 fI. .t.'.
tpn 'ounty me, and tho cation end rol. ii1r.
kiugw,od yia lo.d-vii.e a- ue5ry %. .r.c.
.n.e .ih' ~"iIh lhefr1i. ni standard rute
W.h uHoieti eani snop' for rc crf pa-eau er
.trt lu' oFr dHI slH"Wrud iIfFUIu f4. rfr,. Is
WITHIN SAID Fai ry ittricf within .it u,G-fr
o. ld col. " etei within two teaf. fr.tI I'd
rn4I boz uuII HNu void.
DO %. c'.c .a r.ad 9lot caup e tga point
daie 90 said election, Then said sunscrigf.or
sht'f uc nui' Hn1 Y0t
the envcfyo u So disiric, 6ond. Y u. fGr'fent
frthhcio,o provided.