The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-21

{ FAlsMoaT ssEsT fiaaisstAls, rye
bonds shall not Ne Liable to axation
Fix the said city thereon and That /
said clty shall liz AM order of itsIE|
Common Council have the ight sat
Eany time after ID q expirati ton ofs I'VE
years from the date ofI said bonds,
and at such times as accrued interest
IissdusS and payable thereon, Sto call jim
and pay on, discharge and redeem
same, or any part thereof, and dis
charge itself from any further Tia:
Utility arising from said bonds SO
paid on and redeemed by the pay
ment the principal and interest due
thereon, to the date Of the said pay.
ment, and shall contain the. further
proylsion that said city by order Of its
Common Council shall whenever 1t
desires to cali in any Of the said
bonds for 3 the purpose Of paying OFF
and Eredeeming them, or any part
thereof, direct the water committee
or water board Of said city to draw
Iby lot from a list Of numbers to be
prepared by the city clerk, CORE
I 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-
demptiop 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 Sc.
!, lecte{ for redemption in the manner
aforesaid and atileast 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 az
!. 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
tlfying the holders thereof to present
4 said bonds for payment Of the princi
pal thereof and all accrued Interest
S. thereon, at the Office Of said cit!
N clerk, at the next succeeding periot
Il or time named In the coupons o.
8, said bonds for the payment Of inter
" est, and further notifying said holders
ID OF said bonds thus selected for re
1e demption that interest on said bond
OF will cease thereafter; which said lis
81 and notice when published as afore
g said shall be equivalent to persona
:, service on any holder or holders Q
" said bonds so selected to be redeem
"a ed; and the interest on said bond
IN shall at the next succeeding perio
NJ for the payment thereof thereafte
at cease. I. /. r..
'e Said bonds shall contain the furthe
ny provision, that all Of said bonds ar
OF equally secured by certain first NOR
IN gage or deed Of trust upon the waite
DIT works, and water works system, (
ne said city, which said mortgage {
es, deed of trust shall be sufficiently d
nd sccr,hed IN said bonds for ;dentif,c
re- ton. and that said bonds are Issue
no and held subject to the provision
uc' terms. and conditions set forth
@ said mortgage or deed Of trust.
out The form Of said bonds shall be
lon follows:
1as UNITED STATES OF AMERICA.
= State Of West Virginia, Coun
-, of Marion, Fairmont Water Worl
-, Mortgage Bonds. 3 81.
ate First mortgage S per cent. 80 ye
bond.
No. NV $500.
80 For value received. City Of IA
mont, municipal corporation Of
- State Of West Virginia, promises
- pay to the bearer, or, If this bond
registered then to the registered he
-, er thereof, at the Office of the C
~. - clerk, of the said City Of Fairmo
49, in the county Of Marion, State
49,. West Virginia, the sum Of five h
: dred dollars (s5oooo), in gold coin
= :, the United States Of America, of,
80 a. equal TO the present standard
49,, weight and iineness, on the first
49,, of May, which will be in the year
49,. thousand, nine hundred and thi
- -, five, and to pay interest thereon f
the first day Of May, 1905, at the
Of per centum per annum in
80 coin semi.annually on the first
- of May and November in each
- until said principal sum shall be
60 80, ly paid, upon presentation and
" - 10 render, at the Office aforesaid, Of
interest coupons hereto annexed