The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-11

nave INC STlsnlf AT
any, time, after the expiration OF five
years from the date oi said bonds,
and mt such times as accrued interest
is due and payable thereon; TO cal1sin
and pay on, II discharge and redeem
same, or any part thereof, and dis.
charge itself from any further liza
billy 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
mont, and shall contain the further
provision that said city by order&ofits
Common Council shall whenever It
desires 10 call In any OF the said
bonds for the purpose Of paying on
and redeemlng them, or any part
thereof, direct the! waller committee
or water board OF said city to draw
by lot from a list of numbers 10 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.
demption shall be given TO the hold,
ers thereof in the manner following,
to-wlt: The city clerk shall prepare
IA list Of such bonds as have been SC.
lected for redemption in. the manner
aforesaid and at least ono 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 princl.
pal thereof and all accrued interest
thereon, at the Office of said city
clerk, at tho 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 10 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 are
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.
scribed in said bonds for identified
ton, and that said bonds >arc 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, Count.
of Marion, Fairmont Water Works
Mortgage Bonds.
First mortgage 5 per cent. 30 yea
bond.
MOI $4,000
For value received, City Of Fair
mont, municipal corporation Of thu
State Of West Virginia, promises t,
pay to the bearer, or, il this bond b,
registered then>to the registered hold
or thereof, at the Office Of the cit
clerk, Of the' said City of Fairmont
in the county Of Marion, State Q
West Virginia, the sum Of five hur
drcd dollars (s5OO00), in gold coin Q
/ the United States of America, of, Q
.
+ equal TO the present, standard c
h weight and fineness, on the first da
of May, which will be in the year on
I thousand, nine hundred and thirt.
Il five, and to pay interest thereon frol
l. the first day Of May, 1905, at the rat
S, of per centum per annum in lili
e. coin semi.annpally on the first day
If of May and November in each yet
e until said principal sum shall be f,l
IS ly paid, upon presentation and su
Z render, at the Office aforesaid, of Il
Ie interest coupons hereto annexed, ;
s. the same become due respectively.
,r This bond is one OF the series M
Id issue of three hundred and six
IL (3G0) bonds of said City of Fairmor
ID of like amount tenor and date nul
t. bered consecutively from one to thr,
ar hundred and sixty, both numbers
,: elusive. and amounting in the aggr
n. gate to one hundred and eighty tho
sand dollars (s1S0,000), all of viii,
., bonds are equally secured by CO
tain first mortgage or deed Of tru