The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1899-05-31
Saturday, the 10th bay Of June, A. d.,
1899

ton "a of Chapter 80 of the Code OF
West Virginia, and notice shall be pnb-
lished of said election as required by
said Section, and by publishing the same
for four successive weeks in the Morgan
town Post and the New DOMINION, weekly
newspapers published in this county.
The ballots used at said election and in
taking said poll shall have written OF
printed thereon the words "For Sub
scription," or Against Subscription, T"
or any other words " hich will show how
the voter intended TO vote upon the
question OF appropriation and subscrip-
ton aforesaid. Said appropriation and
subscription when made shall be subject
to all the terms, limitations and condi-
tons imposed by law. and to the further
terms, limitations and conditions, which
are herein imposed and made part Of
said appropriation and subscription.
Ii three fifths (3-5) or more of the
voters of said district who shall vote
upon the question OF such proposed APP
preparation and subscription are in favol
OF same, the said sum of $i5, 900 shall
be subscribed to the capital stock OF said
Railroad Company in the name OF said
Morgan District by an agent or agents
who shall be appointed by this court
Such subscription shall be payable in
the coupon bonds OF said District, bear
ing interest at the rate of five (5) per cen
tum per annum, payable semi-annuallv,
which said bonds shall be received by
said corporation at par in exchange fol
and in payment OF an equal amount o.
the per cent preferred dividend bear
ing stock of said Corporation. Said
bonds shall be issued and signed by the
President and Clerk of the County
Court aforesaid under the seal of sale
court, and shall be delivered to the sale
Railroad Company or its agent as fol
lows, viz: Upon the completion o.
sections OF two miles eacl
Of said proposed railroad in Nor
gan district ready for the rolling stocl
and in actual operation, beginning at 9
connection with the Fairmont, Morgan
town 4 Pittsburgh Railroad, or with
the Monongahela River in Morgantown
there shall be delivered to The said Nor
gantown and kingwood Railroad Com
pany the sum OF 81, 500 in said bonds al
their par value until said railroad shall
have been completed through said dis
trict, at which time the remainder o.
said $45, 900 OF bonds shall be de
said bonds are delivered to the sale
Company an equal amount at par value
OF the per cent. per annum preferred
dividend bearing stock certificates o.
said company shall be delivered by sale
Company to the Clerk OF this Court fol
said district. The total issue OF PREFER
ed 5per cent. dividend stock aforesaid tt
be issued by said Railroad Company
shall never exceed $50, 900 par value
and shall be preferred and entitled tc
receive in each year out of the net earn
ings OF such year dividend OF 5 pei
cent upon the par value thereof which
shall be declared and paid before any
dividends shall be declared OF
paid in such year upon any
other stock of said Railroad Com
pany. The coupon bonds afore
said, shall be issued in denomina
tions OF $500 each, and shall be number
ed consecutively from No. to No. 81
inclusive, with forty semi annual
coupons Of the denomination of $l2.5(
each attached to each bond, and bear.
ing the number of the bond and the fac
smile of the signature of the Clerk Of
said Court and payable on the Isl
day OF January and OF July in each
year. Said bonds shall be redeema.
bic and payable on and after the
31st OF December, 1904, and on or before
the 3lst day of December, 1919, at the
option of the said county court. A di.
rect annual tax is hereby expressly pro-
vided which shall be annually ascer.
tanned, levied and assessed by said
court, and collected according to law, on
the taxable property of said District,
sufficient to pay the annual interest on
the said bonds from the LIST day of Jan y
1900, to the 3lst day OF December, 1904,
and sufficient after that date to pay an
nually the interest and such part OF the
principal of said bonds, so that
the bonds and interest may be
fully paid off and extinguished
on or before the 3lst day OF December,
1919, by annual levies and payment OF
interest and principal as nearly equal in
amount as practicable in each OF said
years from 1905 to 1919 both inclusive.
The bonds to be redeemed and paid in
each year shall be ascertained by the said
court inc partially by lot; and publica-
ton of the numbers OF the bonds
so to be redeemed and paid shall
be made by said court in some newspa-
per published in said county, for four
successive weeks, prior to such
redemption after which all inter-
est Oh said bonds SO published shall
cease. The interest and principal OF
the bonds aforesaid, when due. shall be
paid by the Sheriff OF said County, upon
presentation, out Of the leyies and as
sessments herein provided. The amount
of the subscription aforesaid shall be
expended in the construction of said
Railroad within the said District and
not elsewhere.
Unless work shall be begun by said
Morgantown and Kingwood Railroad
Company in said Morgan District within
four months from the date of said cleo
ton, and be prosecuted without unreas-
enable delay to completion to the
full extent of the distance covered by
the said subscription then said subscrip-
ton shall be null and void.
1t is ordered by the Court that the
sum OF Two hundred dollars be placed
to the credit OF the County Court in the
Farmers and Merchants Bank. OF Nor
gantown w. Va, or, in lieu thereof, a
satisfactory bond in that sum be filed
with the Clerk of this Court to indem-
nifty the county against expenses incurr-
ed by holding said election, in the event
that the proposition to issue bonds is de-
feated and the order of this Court calling
for said election Is to he of no effect
until this provision is complied with.
The following named persons are au-
thorized and appointed as commission
ers to hold, conduct and make proper
returns of said election to be held on
the 10th day of June, 1899, at the places
of voting in said district as follows, viz !:
Precinct No. l, court House :)-Al-
bert E. Lazier, s. 4. Posten and John
Alexander.
Precinct No. 2, Municipal Hall. y
w. T. Harner, G. L. Hare and L. w.
Joseph.
Precinct No. 8. (south Morgantown.)
III. Stansberry, s. A. Barker and a.
Fairchild.
Precinct No. 4, (school House, Mel.
Ions Chapel. IA. L. Torrey, NJ. r.
Nuce and r. Breakiron.
Precinct No. 5, dough Carriage Shop)
John G. Samsel, d. Ii. Waters and
George Rosenmerkel.
A copy from the record
Teste JNo. e. PRIcR. Clerk.
| certify that the bond required by
the fore ding order has been fled in my
office and approved as satisfactory.
May 10, 1899. JHo. r. PRIcE, Clerk.
The wobbling Of the New York
Stock Market, on account OF the
death Of ex. Gov. Flower, carried 3
warning 10 I'll stock gamblers, bnt
whoever knew 3 Gnnbler to nccept
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