West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-06-01
AorgontowH and KiagwooR Railroad
Company,
Saturday, the I7H Day Of June,
4. D., 1899.

4. d., 1899,
at the several places Of voting now established
In said District, upon the question OF subscrib.
ing and appropriatng by and on behalf Of said
District sum not ex cecdlng $4,000 or so
much thereof as may be legal y Appropriated
and subscribed 10 the preferred per cent per
anuum dividend bearing stock Of the said Nor
gantown and Kingwood Railroad Company.
upon condition that not more tn n sixty thous-
and dollars Of such preferred stock shall bc nj
any u ne issued Tho vote afoscsaid sblu be
taken in manner and foVn aud the result
ascertained an certified and returned As ure-
scribed by sec. 81 Of Chapter 80 of the code OF
West Virginia, and notice of said election shall
be published as required by said Section and
10y publishing the same for one month I'm the
Preston County County Journal and WEST VIM
GINA ARGrs. 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 Subscriutionr
or Against Subscription" or any other words
which will show how the voter Intended To
vote upon the question OF appropriation and
sub, cription aforesaid. said appropriation and
subscription when made shall be subject 10 an
the times, limitations and conditions lmposcd
| by law and to the further times. limitations and
! conditions, which are herein imposed and
made part of said appropriation aud subscrip.
! tion.
| IL THREE FIFTHS 90 OR MORE or THE
! VOTERS OF SAID DISTRICT who shall vote
upon the question Of such proposed appropria
| ton and subscription are in favor of saue. the
| said sum OF $4,000 (ur SO much thereof as may
| DC legally subscribed) shall be subscribed to
! the cap tai stock OF said Railroad Company ip
! the name Of said Valley District hy an aren't or
| agents who shall be appointed los this court
! such subscription shall be payable in the con
| pom bonds of said District bearing interest at
/ the rate OF five (5) per centum per annum. pny-
| 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 preforrei dividend
! tearing stock Of said Corroration said
| bonds shall be issued and signed 1 y the Presi-
| dent and Clerk of the County curt aforesaid
under the seal of said Court, and shall be de-
! livered TO said Railroad Company or its agent
as follows viz
| Upon the oom7etion of each mile Of said pro-
| posed Railroad i'm Valley District ready for the
rolling stock and in actual operation. there
shall be delivered TO the said Railroad Com
| pany the sum OF S2,oCO in said bonds at their
| par value. until the whole of said subscriptjou
shall have been paid in said bonds At the
same time that the said bonds are delivered TO
|
Of the 80 FER annum preferred dividend bear
! ing stock certificates of said Company shall be
! delivered bv said mpauy To the Clerk of this
! court Tor the said District. The total issue of
! preferred 50 dividend stock aforesaid TO be is
| sued by said Railroad Company shall never OK
| coed 500 600 par value. and shall be preferred
! and entitled To receive In each year ont Of the
! net earnings of oIch year a dividend of5o IN
! on the par value thereof which shall he de-
! clare 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 denominations of $500 each and
! shall be numbered consecutiveIy from No
/ with forty semi annual COUPONS OF the denope-
/ nation Of sl2.5O each, attached to each Iond
| and bearing The number Of the bond and the
facsimile ~ the signatures Of the Clerk Of said
| c'ut and payable January first aud July first
| OF each year said bonds Shall be redeernabIe
| and payable on and after the 8Ist day of De-
| cember, 10 " at the option Of the SAID County
/ Court. direct annual tax is hereby expressl,.
/ provided which shah be annually ascertained.
/ levied and assessed by said court nnd collect
+ eQ according 10 law. on the taxable propcrtv
on sara district sufficient TO paw tho annual
Interest ON the .aid bonds from tho - day az
January 1870 to the 3ist day " Decornber f6ot
aud sufficient after that date 20 uay annually
the Interest and such part of the principal 81
on and cxfinguished on % before Tho I. y i"y
of HCcemhcr. 1910 by anuupI leo los ,,j 49,
mouts ~ interest and principal Hs nearly canal
in amount as practical le in each Of said years
from Ofto 1919 inclusive
Tho bonds 20 Doe rcIcc uabIc and nafI fu osob
year shan be ascertaincd by ia county 1uri
,mpartii99lly by lot ard pub icatiou 81 Tic NUM-
tn each year hall bc uecrrfuincd bv said
,ounty Court impartial by lot; aud rubiioa-
deemed and paid shall .c made by said COMET
10 -@me D. w-paper published go sail County
pub i-hed shall cease.
The interest and p incp1l 81 tbc bonds ~ re.
sll9 when due shall Doe paid hy The crin pf
said county upon present tirl, ont of tine .cv
les and ass ssmevts herein provided. Ihs
expended in Che construction of said R1irrofd
within Ga" said District and not elsewhere un.
loss said road shall fr boz completed from
said point at or in Norgauto,yu. through Nor
gan strict in Nnrongi ia County. t0 tls Pres
ton County ne. and the cation and cpu.f rur.
kiugwIod via kccdsyilIe as near l- pricfic.
/ with sufficient equipment Tor general pa- Sem ,er
business, and work shall bc begun by said
I Norgauiuwn and kiugwurl RdfoII co Irl.v.
WITHIN said valley District. within six mDr fbs
\ from the date OF said elect. u. and sliI RaU
road cowpctcl within two years from Said
date To the full extent of the distluc. covered
nY .aid suhcIpl"n; ihen sIid subscription
in case said road is not comp etc fpa point
40 or 90 NiuRWuIi within f.o wears from fiie
date of said election. then said subs.riufian
. NNN|I Poe WNII ana FNII
4ut nothing herein contained shall ,rovcpt
The delivery of tuc district bonds as last as
hcrrinbofutc provided.
The following named persons are authorized
and appoint as Commissioners CO. hold. com.
duct and axe proper return OF said Election
on said 18th DAY OF JUNE. tg 10. 700 tho places
81 voting iu sall District ae follows. vll:
Precinct $50. LAT Hccdsvi.lc. John Uf1. ID.
O. Watson and J. 81. O.. IuiIfux.
Precinct SO }..-At Nasputown. %. 49, Hart
ley, Gavin iioby ud John Emory Gale.
irccinct 80. g. 40 berurg .. % Field j.
II. Iofman and Jacob Spiker.
a copy from tuc record.
Attest.
$3.50 1880 90. GEoRaE A. Walls, Clerk.