The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-17

esby the said city thereon, and thatl
*! said city shall ny mn order sof ttsl
Common Council; have, the right at
any time. after the expiration ofs I'VE
years from the date Of SAID bonds,
and at such times as accrued interest
IS due and payable thereon; to call in
and pay OF, discharge and redeem
same, or any part thereof and dis.
charge itself from any. further LA.
Dility arising from said bonds so
paid off and redeemed by the pay:
ment Of the principal and interest due
thereon, to the date Of the said pay;
mcnt, and shall contain the further
provision that said city by order, OF It's
Common Council shall whenever IT
desires to call In any OF the said
bonds for the purpose Of paying of.
and redeemlng them, or any part
thereof, direct the water committee
or water board Of said city 10 draw
by lot from a list Of numbers to be
prepared by tho 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.
dempton shall be given to the hold.
ers thereof in the manner following,
to.wit: The city clerk shall prepare
a list OF such bonds as have been Sc:
lected for redemption in the manner
aforesaid and at least one month prior
to 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 princ.
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 10 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 period
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 water
works, and water works system, OF
said city, which said mortgage or
deed of trust shall be sufficiently de.
scrlbed in said bonds for identified.
ton, and that said bonds are issued
and held subject to the provisions
terms, and conditions set forth in
said mortgage or deed Of trust
The form of said bonds shall be as
follows:
UNITED STATES OF AMERICA.
/ State of West Virginia, County
) Of Marion, Fairmont Water Works
!. Mortgage Bonds
9 First mortgage 5 per cent. 30 yeal
bond.
i. Mo- $4,000
!. For value received, City Of Fair
) mont, municipal corporation of tho
!. State of West Virginia., promises Il
s pay TO the bearer, or, If this bond b.
' registered then to the registered hold
|. or thereof, at the office Of the cit.
y clerk, of the said City of Fairmont
!. in the county of Marion, State o
s West Virginia, the sum OF five hun
dred dollars (s5OO.O0), in gold coin o
|. the United States Of America, of, 0
). equal to the present standard Q
Ii weight and fnoness, on the first da
Of May, which will be in the year on
Il thousand, nine hundred and thIrt!
II i've, and 10 pay interest thereon fror
4. the first day Of May, 1905, at the rat
S, Of 5 per centllm per annum in lili
G, coin scmi-annually on the first day
oEt or May and NQTember in each yea
e until said principal sum shall be ru
IS " paid, upon, presentation and SUI
render, at the office aforesaid, or I'll
.e interest coupons hereto annexed, Z
IS the. same become due respectively.
,r This bend is one Of tho series al
id issue of three hundred and siXt
III t2G0l bonds of"said City Of Falrmon
I'd Of Ike amount tenor and date nur
Il bered consccutIvely from one to thrt
er hundred and sixty, both numbers i
t., H. s.,,,