West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-06-08
Company,

Company,
and the court deems IL desirable for said Dist
trict TO appropriate money for the PURPOSES
aforesaid;
therefore. II Is ordered by the County Court
OF Preston County that a vote Of the legally
qualified voters Of said Valley District shall he
taken at Special Election which shall be held
on
Saturday, the I7h Day of June,
A. d., 1899,
at the several places of voting now established
In said District, upon the question of subscrib-
ing and appropristlng by and on behalf Of ,aid
District sum not ceedng $4,000 or so
much thereof as may be legal appropriated
and subscribed To the preferred per cent per
annum dividend bearii e stock OF the laid Nor
gantown and Kingwood Railroad Compnuv.
upon condition that not more TIA II sixty thous-
and dollars of such preferred nck shall be al
any ii nc issued. The vote afosesaid sh he
taken in manner and form aud the result
ascertaned an certified and returned as pre-
scribed by sec. - Of Chapter 30 of the eide of
West Virginia, aud notice OF said election shall
be published as required by said section and
by publishing the same for one month i'm the
Preston County County Journal and WEST VrR.
"iNlA ARGUE. weekly newspapers published in
tn county The ballots used at said election
and In taking stid poll shall have written or
printed thereon the words For Subscriptron''
OF ~ gainst subscription" or any othe- words
which will show how the voter Intended To
vote upon the question of appropriation and
subscription aforesaid. Said appropriation and
subscription when made shall he subject 10 all
the times, limit tions and conditions imposcd
by law and to the further times limitations and
conditions. which are herein imposed and
made part of said appropriation and subscrip.
tiun.
If THREE FIFTHS C3-0 or MORE OFruE
| VOTERS OFSAID DISTRICT who shall " te
upon the question: Of such proposed appr1pria
tion and subscription are In favor OF same. the
said sum of $1,000 COR So much thereof as may
be legally subscrhcd) shall be subscribed TO
the cap tai stoc OF said Railroad COMPANY ia
the name of said Valley Distric. by an AGENT or
agents VINO shall be appointed Ly Til, court
such subscription shall bo puyab,ein the cou-
/ pom bords of said District bearing interest al
! the rate OF FIVE 90 per ceutum per annun. pay
/ able semi annually which said bond shall he
! received by said corporation at par In exchange
| Tor, and IN payment of an equal amount of
/ OF the five per cent prcferreI dividend
! le'riug stock Of said cor. grafton Said
! bonds shall be issued aud signed Y the Pre,i-
/ dent and Clerk of tho County court aforesaid
under the seal of said Court, and shall bo do
! hVered to said Railroad Company or its agent
as follows. viz:
| Upon the completion OF each mile of said rro.
! posed Railroad in Valley District ready for the
| rolling stock and IN actual operation there
| shan be delivered TO the said Railroad Com
| pnny the sum of $1,000 in said bonds nj their
| PAR value, until the whole Of said subscription
| shall have been paid i'm said bonds AT the
| same time that the said bonds are delivered TO
! the Company, an equal amount at the par v iIue
| OF the 80 Per annum preferred div dend bear.
! ing stock certificates Of said COMPANY shall he
delivered bv said G mpany to the Clerk of this
court for the sid District. The total issue Of
| preferred 80 dividend stock aforesaid TO beis-
| sued by said Railroad Company shall never ex-
| coed $50 900 par value, and shah be preferred
ana entitled to receive i'm each year out of the
| net earnings OF elch year a dividend Of 50 IN
! on the par value thereof which shall he de-
| clatei and paid before any dividends shall be
| declared and paid upon any other stock Of said
Railroad Company out OF the net canning Of
such year The coupon bonds aforesaid shall
| be issued in denominations Of $500 each and
shall be numbered consecutively from No.
with forty semi annual COUPONS Of the demon
| nation Of 1870 each attached To- each Iond
and bearing he number Of the bond and tbe
facsimile OF the signatures Of the Clerk of said
| court and payable January first AID July first
/ OF each year. Said bonds STALL be re eernabl
and payable on and after the 3ist day of De
| cember ~ at the option Of the SAID Comfy
| Court. direct annual tax Is hereby expressly
! provided which shall be annually ascertaincJ
/ levied and assessed by said court aud col ect-
ed according TO law. on the taxable property
Of said District sufficient 10 pnv the annual
Interest on the aid bonds from the N day vi
January 1900 20 the 8ist dav of December igOt
ana sufficient after that date % DAY annually
the interest and such part of the priuriplI nf
said bonds. so that the same may be fully plM
ot and eX'inguishei ON % before the i-tduy
OF DeceWb"r 1919 by annual Icvies and nay.
ments If interest and principal as nearly eunaI
in amount as pract .cal De- boo each Of said ycar.
from Gtol9lp inclusive
The bonds 10 be rodec pabe and paid I'm coch
year SHAH bee asccrtlincd hv id rpuvfy d .Durf
impartially bv lot and pub irafiou of the num-
in each yeai hail be- a.c,rtaiuod bt saii
,to2n, ~ court IMPARTIAL Boy Dot; and ub'ict-
deemed and paid shall @ m tde by said court
IN some % Ws'apei published iu .ail County
ton. after wh on e. Interest ou said bond. 800
pub i-hed shall cease.
said. when due -haI be- pad iv tle s. afiT ,f
said county upou prc cut tiu1. ont ur the icg
amount OF the subscription afure-l id -h o. Doe
expended boo Che construction of sail HuIrYId
sad point st Ot iu Norg4rtuwu tlruurh Nor
gan ID strict boo No ongl ia ouufy lo me Pros
..h 'nuni' me- 'nf que cation aud CON irU
Hngwlnd via .ecl .vil.c as near 4- rrtrfic-
ap.e. and SyI.h thereof. off STANDARD gauge
wth .u1cient cQui 1ucut fIr &C., .Ieri. .l.i..ar ar
business. audi work haII bog botti bv .4d
Nuryanipwr luI Eirew,.d EfIrp.tC1 ..I1l't.
witnu ,mI Valley District within .ix mo'u,
from iuH date NJ sIi DIrrO u. HuI said Rail
d5ia ,I ia i glg W ,.a, 'f n.y.. fr2m 4
hv -Hid suHerIiufi1u. them said -ubscriDfInu
Do. Cd .