West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-04-13
Saturday, the 9th day Of May A. D.
1899.

at the several places ~ voting now established
in said District. upon the question of suhscrib-
ing ana appropriating by and on behalf Of said
l,ls'tict a sum not exceeding $1,000 or so much
thereof az NAV be legally nnuropriafed anil
Sgbscrlhed To the preferred per cent per apnum
dividend nearing stock OF the said NorgautoWu
and Kingwood Railroad Company. uoop con
{ ON that not mere than sixty Thousand dollars
ot such preferred stock shall be ut any time Is
sued. he vote aforesa 4 shall be taken i'm
manner and form and the result ascertained
and certified and returned AS prescribed bvScc
g OF Chapter 30 OF ths Coie 81 West Vir0inia
and not &c of said election shall be Dublislpd
: required by said Section. and by publishing
the same FOR one month I'm the Pr ston County
journal and WEST VIRGINIA ARGUS. weetly
newspapers published IN This county Tho
ballots used at said election and I'm taking said
lolI Slai nave written or printed thereon the
words For subscription" or 'Against SUBJ
Cription.' or any other words which will show
now the voter Intended 20 vote upon the Ques-
ton OF aupl opriatiOu and subscription af.rc
eald. Sald appropriation and subscription
When made shall be subject 10 an the times.
lin ~tations and conditions imposed by law and
70 me further times. limit lions and conditions.
which are herein imposed and made a part of
sald appropriation and subscription.
nTHREE FGFTHS 8-1 OR MORE OF THE
NOI Frs OF SAID DISTRICT who shall vote
"IDn tnS question OF such proposed appropria-
.l9n anu subScrIption are in favor OF same. the
SAID sum OF SI5OO1 Tor so much thereof ms ,noy
be legally subscribed) shall he subscribed To-
the capital stock Of said Railroad COMPANY i'm
the name Of said Valley District by am ag@ni OF,
agents VINO snail be appoint d by this court.
such su' scriptiOn shall b. pavah g I'm the CON
pom bonds Of said District. bearing Interest 81
the rate OF five % per centUm Der anuum. nav
able semi Annually. which said bond shal he
received by said corporation at par I'm exchange
Tor, ana in pay ment Of an equal amount OF an
equai amount OF the5per cent preferred dividend
shall be issu d and signed by the rresiirnt
ana OlSrk u he County Court aforesaid under
ne se4i OF Shid Court, and shall be delivered
lows. viz: 'S'"' % ~
Upon the completion of each mile Of said
bropoSeu u broad IN Valley District T. adv for
lIH ANnIA IND In ~ Nnn 80
shal be delivered 10 the sail Railroad Com
pany the sum Of $4,000 in said bords at their
p,ar value. until the whole Of said subscriptjou
shall have been paid i'm said bonds n Inc
same time that the SAID bonds are delivered To
o.e o"11, any, an equal amount at the par value
stock certificates of said onplnv shall be
covered ny said Con pany to the CLERK Of this
court Tor, the s1ii District. The total issue IT
preferred % dividend stock afo.e said TO he
Issued by aid Railroad Comuany shall never
exceed S0o.OOO p T value. and shalt IN. nrc Fer.rnJ
and entitled TO receive i'm each wear our If tbc
net earnings Of each year a dividend of So upou
The par. value thereof which shall be declared
hnd PAID before any divide ds shall be de-
clliel and paid upon any other stock of said
Railroad Company out Of the net earning of
such year. The coupon bonds aforesaid shlll
DC ISSUED in9ehpHnlnatl0ns Ot-5lOCach.and shall
be numbered conSCcutively from No. with
forty emi-annual coupons of the denomination
OF flS.oU eaHh. attached To each bore a.. and
bearing the number of the bond and the fac
smile OF the signatures If the Clerk of said
court and rayabIe January first and July first
of each year. Said bonds shall he rcdeemable
and payable on and after the 3ist day OF De
cember. 1919 at the option of tbs sail CnunIy
Court direct annual tax is hereby EXPRESSLY
provided which shall be annually ascert1iucd.
levied ana assessed by said court and collected
according to law. on the taxable pr0Dertv Of
said District, sufficient to pay the annual inter
est ON the said bords, from Che LIST day Of July.
$ aicient after that date 60 pay annually the
interest and such p TT of the principal of said
bo3ds. 50 that the same may be fully paid on
ana XtlHguushcd on or before the 3ist day of
December, 1919, by annual leyies ana Davmeut
or interest and principal as nearly equal in
amount as practicable in each of said wears
from 1901 TO 1919 inc usi7e.
The bonds TO be redeemabIe and paid i'm each
ear shaii De ascertaincd by said County Court
I'M p9rIlalsyi by lot; and publication of The
number OF the bonds so to he redeemed and
paid I'm zach year shall be ascertained by said
County Court impartially by J {; and publica-
non OF the number of the bonds so to be re-
deemed and paid shall be made By said Court
IN some newspaper pub ished in said County.
FOR four successive weeks prior 10 such redemp-
ton, atter which all interest ON said bonds so
published shall cease.
The Interest and principal Of Inc bonlsafore-
sa!d when due, shall be paid by the Sheriff Of
salu county. upon prese1tatiOn, Oat OF the lev
les ana assessments herein provided. The
amount OF the subscription aforesaid shall be
tNpe.IUtd IN the cOustructiO0 of said Raj rptd
within the said District and not sewhe
JnIe s work shall be begun by said Morgan
town and hingNOOd Railroad COMPANY within
said valley District within six month. rrnr1
me date Of said election. and said Railroad be
~" ,Y'eo WI,nln, Two years from said date 10
su~bscriptiou. then said subscription shall be
null and void.
inc following named persons are authorized
ana hppQ utol as commissioner to hold. COM
duct and make proper return of said Election
on ~aid Dth DAY or MAY, 1899. at the places
OF Young in said District as follows. viz
Al Recdsvillo. John Dill. L.. G.. Watson and
~ VI. G.. Fairfax.
81 Masontowu. 49,. A.. Hartley, Calvin Roby
and John Emory Gale.
SO Herring. / 70. Field, j. r.. Forman and
Jacob Suikcr.
a copy from the record.
Tcstc
GEoEgE A.. Walls, Clerk.