The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-03-25
ELECTION PROCLAMATION.
OF sTHE PREsiD DENT OF The
BOARD OF Ed Y CATION Z FOR b
SCHOOL eoNpS. < Z.

scHoo LsstoNps:
81 Whereas, at asmeetIng OF the Board
Eoff Education Of tile independent Dis.
trlct Of Fairmont all$the members
having due notice and being present,
!, On the 18th day Of. March, 1905:
u; on motion At was unanimously or.
dered. that
Whereas, on account of the con.
slant and rapid increase OF the school
population in the district, and the:
WORKOUT and Inadequate character OF
1.-THE school building, known as the
High SCHOOL, Building now used
flor The High School and the Graded
School for the Second and Third
wards. and the lack Of; room In the
Locust avenue building and the Elem;
ing school building, with the immedi.
ate prospect Of necessary additions
! TO the Evansville and Uztown
4 school buildings and, for fur,
niture and equipment; It has be-
come necessary and expedient to Dor.
row money to provide suitable. build.
j ings and fixtures 10 adequately &c.
eommodate the children Of the dis.
trlct the amount from current levies
upon property assessed in the :!is
Z friction Statc--anl .county..taXes being
insufficient; and,
Whereas, 1t is estimated for the
purposes aforesaid that It will require
J at least s1500O0.OO to purchase site
. and construct and equipa new Higl
!. School building for the district, ant
: a Grammar Graded School building
I for the Fifth ward, and other schoo
] buildings and additions In the dis
i trict; and refund the bonds now pas
r due amounting TO sil.50O, issued tht
r LIST day Of July, 1891; and,
g Whereas. the said sum Of $3.50
e 10000. excluding the existing bonded
= Indebtedness of said district, which i
c TO be paid off out of the proceeds o
II the sale OF new bonds, would not eS
i coed five per centum OF the valuation
II OF all the property assessed for taxa
5, ton in said district, as ascerlaIned b
v the last assessment Of the propert
p for Safe and county taxes;
p Upon consideration whereof, II
" ordered by the Board Of Education {
The Independent District of Falrmon
subject TO the vote of the people of III
district, that the said Board issue an
n sell bonds to the amount in the asgr
h gate OF s15O,OGO.O0 for the purpose
l. aforesaid.
lie The said bonds shall be issued
It, amounts Of 100000. or multiple
re thereof, for sum In the aggregate
Id $l50,00O.U0. bearing date the first do
" Of June. 1905, and payable to bear,
a twenty years after G2;c thereof, vii
to interest from date at the rate Of
III per cent. per annum, payable annu'
Sc Is, on the LIST day of June; each
ig sai,i bonds shall be numbered, al
II, have attached as part thereof, int
s. est coupons. for the amount of eat
to interest payment, the bonds and co
e. pons to be signed by Tie Board of E
TO ucation OF the Independent Distri
or OF Fairmunt, by It's president and Sc
in rotary, with the new proYiso in t
W. bonds that said Board of Educati,
he shall have The right at any time aft
Is three years from date OF said bont
ah to call in and pay off and redee
OK them. or any part of them; and,
II discharge itself from any furtl
ar liability arising from said bonds
MS paid on and redeemed.
iai The plan adopted by the Board
on, meet the accruing interest on 81
nd bonds and to pay them at matur
RI is That Il siall he the duty OF
ON Board OF Education Of said dstr!
re- in the annual levy for the Build
on Fund In said district, TO provide
oe the interest on said bon.., togetl
DIE with an additional sum to be sci ap
leu at interest annually, sufficient, W
vas the accrued interest at or before
'na expiration Of the term of twenty yea
nGl Ia nay ar and discharge tho 4