West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-04-20
Saturday, the 9th day Of May A. d.
1909.

at the several places OF voting now established
IN soid District. upon the question Of suhscrib-
mts, shg apnroprlatlng by and on behalf OF said
thereof. as may Ice legally appropriated and
subscrihed 20 the preferred per cent per annum
dividend bearing stock Of the said NOrgantown
and Kingwood Iailroad Company noon con :
tion that not mere than sixty thousand dollars
OF SUCH preferred stock shall be at anv time Is
sued. ne vote aforesa d shall be taken In
manner and form aud the result rscertnined
and certified and returned rs prescribed bvSec
- OF chapter 80 OF The code n West virginia.
ana not &C Of said election shall DE uubltsbrd
~ teouired by SAID Section, and by publishing
The same Tor one month IN the Pr ston County
Journal and WUsT NILGINtA ARGUS. weekly
newspapers published Ia This county. The
baiots used at said election aud VA taking suid
poll shall have written or printed therein the
words For subscription" or against sub
cription.' or any other words which will show
how the voter intended to vote upon the unos-
ton or appropriation and subscription AZ ne.
sald. SAID appropriation and snhScription
when made shall bO subject to all the times
limitations and conditions imposed by law and
10 me further lines. limit lions and conditions.
Wnlch are hetein imposed and made q Dart OF
said appropriation and subscription.
FIFIHS 10 ~ OR MORF OF THE
VOTERS OF SAID DISTRICT who shan vote
uIioh the question OF such proposed apnrorria-
ton and subscription are I'm favor Of same. tue
sai9 sum OF $4,000 Co. so much thereof rs may
the capital stock Of said Railroad Companv i'm
the name of said Valley District BY am agent or
such su' scription shat b. naval q i'm The con
non bonds Of said District. bearing Interest M
" IfAt 81 HNt ADl per centWm npT amin nav
abie Sennl annually. which said bond shall he
received by said corporation at par i'm exchange
Tor. ana IN payment OF an equal amount Of AN
eQuai amount OF tbc5per cent preferred dividend
be ring stock ofsaid COrportff,u. said honds
shall be issu I and signed by the President
and Clerk IL the County CONT aSuressid nrder
the seal OF said Court, and shall be delivered
70 said lta'Iroad Company or It's agent as fo-
Upon the completion Of eacb mile ~ soid
proposed Railroad I'm Valley District r, adv Tor
me rolling stock and In actual operation. there
shal be delivered TO the sal Railroad COM
pany the sum of $1,000 in said bo~ds al tb,"jr
mar value. until the whole OF said subsorintion
snaiI hnNe Deeh paid In said bonds. VI tho
same time hat the said bonds are delivered to
me Conn any. an equal amount at the par value
OF the 30 per annum prefe red disidend bearing
STOCK certificates OF said many shall he
cel'vered by said Con pany to the clerk of this
court for, the said District. The total issue of
preferred 80 dividend stock 40 esoid - 10
Issued by said Railroad COMPANY sHall never
exceed 100000 p T value. and shall be preferred.
and entitled TO receive I'm each wear out OF the
net earnings OF each year a dividend OF 80 upon
the. par value thereof which shall be declared
and paid before any divide DIS shall be de
Railroad Company out of the net earning of
such year. The coupon bonds aforesaid shall
be issued in~denonmations ofsJO0each.and shall
ne numbered consecuttvely from No. I with
forty semi-annual coupons OF the denomination
OF sl2.5O each. attached TO each bod. and
bearing the number OF the bond and the fac
smile of the Signatures of the Clerk of said
court and payable January first and July first
of each year. Said bonds shall be redeenabIe
ana payable on and after the 3ist cav uf De-
cember. 1919 at the option of the said comfy
Court. 4 direct annual tax is hereby exnresJv
provided which shall be nun lily ascertained.
levied and assessed by said court,and collected
according TO law, on the taxable property of
said District; sutictent TO pay the annual inter
est on the said BIO dis, from Che 1st day OF July.
1899 TO the 3lst day of December. igcl. and
interest and such p'rtOf the principal Of said
bonds. SO that the same may be fully paid of
and xtinguished on or before the 51st day of
december, 1918. by annual leyies ana payments
OF interest and principal as nearly equal i'm
amount as practicable In each of said years
from 1904 TO 1919 inclusive.
The bonds TO be r%edeemabIe and paid I'm each
year shall be asccrtaiued by said County Court
I'M partially by lot; and publication of the
mum Der OF the bonds so To be redeemed and
paid In each year shall be ascertainei BY said
County Court impartially by | {; and publica.
ion or the number OF the bonds so TO be re-
deemed and paid shall be made bv said Court
IN some newspaper published in said County,
ior tour successive weeks prior TO such redemp-
tIon aiter which all interest on said bonds so
published shall cease.
The interest and principal Of the bonds afore-
said' when due. shall be paid by the sheriff OF
SAID county upon presentation, out of the lev.
les and assessments herein provided. The
amount Of the subscription aforesaid shall DO
expended in the construction of said Railroad
within the said District and not elsewhere
pnle s work shall be begun by said Morgan.
town and Kingwood Railroad COMPANY within
said valley District within six months from
me date OF said election. ana said Railroad be
completed within two years from said date 70
the fun extent Of the distance covered by said
subscription; then said subscription shall be
nun and void.
me following named persons are authorized
ana apo ntod as Commission re 60 hold. con.
uuct and mako proper return of said Election
on salG 9th DAY OF May, 1899. at the placos
OF voting IN said District as follows. viz
AZ Reedsvilo. John Din. ID. @. Watson and
J. VI. g., Fairfax.
At Masontown. ". a.. Hartley. Calvin Roby
and John Emory Gale.
AZ Herring. /. b. Field, j.. e. Formau and
Jacob spiker.
A copy from the record.
Teste
q699 4t-s3s.50