The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-22

) the said city thereon; and That
said city shall an order of its
Common Council. have The right 4
any time. afterSthe expiration & I've
years from the date OF said bonds,
and at such times as accrued interest
Is due and payable thereon, to call III
and pay OF, discharge and redeem
same, or any part thereof, and dis
charge itself from any further la
bility arising from said bonds SO
paid of and redeemed by the pay
ment OF the principal and interest due
thereon, to the date Of the said pay.
ment, and shall contain the further
provision that said city by order Of its
Common Council shall whenever It
desires to call in any OF the said
bonds for the purpose of paying OF
and redeeming them, or any part
thereof, direct the water committee
or water board of said city to draw
by lot from a list Of numbers to be
prepared by the city clerk, CORE
spending to those Of the bonds yet
at the time outstanding, and notice
of the fact that such bonds have
been thus drawn and selected for re-
demptlon shall be given to the hold:
ers thereof in the manner following,
to.wlt: The city clerk shall prepare
q list Of such bonds as have been So
lected for redemption in the manner
aforesaid and at least one month prior
ito the next period for the payment of
interest on said bonds he shall cause
such list to be published for four (4).
consecutive weeks in one or more
newspapers of general circulation in
said city, reciting the drawing by lot
Of said bonds, for redemption, and no,
tifying the holders thereof to present
said bonds for payment Of the princi.
pal thereof and all accrued interest
thereon, at the office Of said city
clerk, at the next succeeding period
or time named in the coupons Of
said bonds for the payment of inter.
est. and further notifying said holders
of said bonds thus selected for re-
demption that interest on said bonds
will cease thereafter; which said list
and notice when published as afore
said shall be equivalent to personal
service on any holder or holders Of
said bonds SO selected to be redeem
ed; and the interest on said bonds
shall at the next succeeding periot
for the payment thereof thereafter
cease.
; Said bonds shall contain the further
provision, that all OF said bonds arc
equally secured by certain first mort
gage or deed Of trust upon the watei
works, and water works system, o
said city, which said mortgage O
j, deed Of trust shall be sufficiently de
scribed in said bonds for identified
ton, and that said bonds are ISSUES
| and held subject to the provisions
terms, and conditions set forth il
said mortgage or deed Of trust.
The form of said bonds shall be a
J follows:
. UNITED STATES OF AMERICA.
State Of West Virginia, Count
. Of Marion, Fairmont Water Works
Mortgage Bonds.
First mortgage 5 per cent. 80 yea
bond.
Mo- $4,000
For value received, City of Fai
!. mont, municipal corporation Of til
, State of West Virginia, promises
:. pay to the bearer, or, If this bond
;, registered then to the registered hol
:, err thereof, at the office Of the eli
clerk, Of the said City of Fairmor
!, in the county Of Marion, State
West Virginia, the sum Of five HUI
dred dollars ($500.00) in gold coin
!, the United States of America, of,
= equal to the present standard
!, weight and ~fneness, on the first d
OF May, which will be in the year 0
thousand, nine hundred and thir
=, 1--WE, and to pay interest thereon fre
m the first day of May, 1905, at the RI
= Of 5 per centum per annum in Ii
coin s~emi.annually on the first da
Of May and November in each ye
until said principal sum shall be I
e. ly paid, upon presentation and $
render, at the Office aforesaid, of
!, interest coupons hereto annexed,
the same become due respectively
This bond is one OF the series Q
-. Issue Of three hundred and 81:
(360) bonds OF. said City Of Fairmc
Of like amount tenor and date n,
bered consecutively from one to tn
hundred and sixty, both numbers
~ a1,,ctv ID n WI 4, -, N,,n{t,r t.. tla or,