The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-16

+ "a - " n a y IS ~ 4. ~ ~
!: csT West yiRaltsIAsi. Ttiul
bonds. shall not be liable To axationl
bys Sths mia city Thereon md that
said city shall by in order ~ itsII
Common Council have the right a.
any time, 4 after the expiration of hYea
years from the date sof said bonds.
and az such times % accrued Ssinterest
Il: due and payable thereon, 70 call %
and Il pay d, discharge and fedsam
same. Or any part thereof. and DE-:
charge Itself from any further iiar
bility arising from said bonds 90
paid on 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 10 draw
|by lot from 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.
dcmptlon shall be given to the hold
crs thereof in the manner following,
to.wit: The city clerk shall prepare
allst Of such bonds as have been Sc.
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 four5(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
tifyingi the holders thereof to present
4 said bonds for payment Of the princl
x pal thereof and all accrued interest
thereon, at the office Of said city
4 clerk, at the next succeeding period
7 or time named in the coupons ol
!, said bonds for the paymentsof inter
!, est, and further notifying said holders
:. of said bonds thus selected for re
: demption that interest on said bond.
/. will cease thereafter; which said lis
and notice when published as aforc
said shall be equivalent to persona
service on anyholder or holders o
said bonds so selected to be redeem
: ed; and the interest on said bond
!. shall at tho next, succeeding perlol
:. for the payment thereof thereafte
: cease q, "A
:, Said bonds shall contain the turtle
: provision, that all OF said bonds ar
!, equally secured by certain first mort
. gage or deed OF trust upon the waite
I works, and water works system, @
said city, which said mortgage Q
!, deed of trust shall be sufficiently Dc
scribed in said bonds for identifies
ton, and that said bonds are issue
! and held subject to the provisions
terms, and conditions set forth |
said mortgage or deed OF trust. X
The form Of said bonds shall be q
!, follows: ,.
. UNITED STATES OF AMERICA.
m State of West Virginia, Count
ia OF Marion, Tairmont Water Work
81 Mortgage Bonds.
tie First mortgage 8 per cent. 80 YET
n bond.
~ Mo- $4,000
"a. For value received, City of Fa
MS mont, municipal corporation OF Il
"a. state>of West Virginia, promises
MS pay 10 the bearer, or, II this bond
ey registered then TO the registered ho
ed. er thereof, at the Office Of the CT
ow clerk, Of the said City OF Fairmo
nm. in the county Of Marion, State
ars West Virginia, the sum Of five HI
dred dollars (s5oO.OO), in gold coin
nil. the United States Of America, of,
,is. equal to the present standard
icn weight and fineness, on the first /
ID, OF May, which will be in the year
ent thousand, nine hundred and thin
sell five, and to pay interest thereon fr
nm. the first day of May, 1905, at the r
ess, Of 5 per ccntum per annum in J
orc. coin semi.annuully on the first d
Of of May and November in each y
age until said principal sum shall be
,rls " paid, upon presentation and
render, at the office aforesaid, of
the interest coupons hereto annexed
,ass. the same become due resrectiyel;
for This bond Is one of the series
said issue OF throe hundred and S
sell (3GO) bonds of said City OF Farm