The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-14

ii W tllAt
\ said city shall ny an order d its
4 Common Council; have the tlgbts II
Amy time aftersthe expiration olive
years from the date Of SAID bonds.
and at such times as accrued Interest
is!dne and payable thereon, 10 alliin
and pay off, discharge and redeem
same, or any part thereof, anJ dis.
charge itself from any further LA.
bility arising from Il said l,onds$ 80
paid off and redeemed blythe my.
ment Of the principal and interest due
thereon, 10 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 on
and {redeemng them, or any part
thereof, direct the water 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 vet
at the time outstanding, and notice
OF 1.-the fact that such bonds have
been thus drawn and selected for re-
dcmption 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
lectcd 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)l
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 princi.
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
VIII 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 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 bombs 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
tion. 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.
First mortgage per cent. 80 year
bond. s55
MOI. s500.O0.
For value received, City of Eair.
mont, a municipal corporation Of the
State OF West Virginia, promises to
pay to the bearer, or, II this bond be
registered then to the registered hold
er thereof, at the Office Of the city
clerk, Of the said City of Fairmont,
in the county Of Marion, State of
West Virginia, the sum of five hun
dred dollars (s500.00), in gold coin OF
the United States Of America, Of, or
equal to the present standard of
weight and fneness, on the first day
OF May, which will be in the year one
thousand, nine hundred and thirty
five, and to pay interest thereon from
the first day Of May, 1905, at the rate
of . per centum per annum in like
coin semi-annually on the first days
Of May and November in each year
until said principal sum Shall be full.
" paid. upon presentation and sur
render, at the Office aforesaid, Of the
interest coupons hereto annexed, as
the same become due respectively.
This bond is one OF the series and
issue of three hundred and sixty
(3Go) bonds of said City Of Fairmont,
OF like amount tenor and date num-
bered consecutively from one to three
hundred and sixty, both numbers in.
elusive, and amounting in the aggre.
gate to one hundred and eighty thou.
| sand dollars $3.50 OOO) NIL of which