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

T Z.
set tortlt IN deed of trust Sf
fngr
First Ihgt I've clt slal have me
tis W tinsle 20 and opers
as me satd tenn
lo sl IS " efesshai " be- no defaa I'M
me pay ent ~ me rest and prinS
sipal OF said pond OF any OF them rs
expressed S,I on me lace thereof.
second. 4 nat IN Il the event there
snails y u 1Hi IN the payment OF the
interest res Or principal OF said bonds or
any OF men, WITHIN the time or times
expressed Es tth1 thereon, the trustee shall
Wheh requested. IN writing by any
h'olaer OF holders OF said bonds pro-
ce eeSl y 70 " sell The water works and
water 5tS system at public auc.
ton Il at; the front door OF the
Gourt,ho NSl9, OF Marion county. West
ssIir re' Ia 70 me highest bidder there
toor' upon me terms. stipulations and
cona.tons following, to.wit: one.
th.ra OF me purchase price, or so
t ltlStl th cree as VIII be sufficient to
pay on al OF said bonds and interest,
and other charges. that arc a lien
upon said water works system. in
cash. anu the remainder In equal in.
sl lal OF one and two years from
kiRfA IL. q
da1e. me purchaser executing his
two written obligations payable to.
said trustee, with good personal Sc,
curley, 70 De approved BY said ttrus.
lee and payable as aforesaid; and as
a 1ufther security the trustee shall
retain q lien upon said water works
system IN SAID deed, TO the purchaser,
anu mat before proceeding to sell
sad water works as aforesaid, the
trustee rus shall enter into good and
sui'leient hond conditioned accord.
ing 70 law In the penalty Of at least
one hundred thousand dollars, (s1O0,.
oool and as much more as the council
shall deem sufficient, to cover the
amount Oh money mat may come into
ms liahus. But before proceeding to
make such sale MS aforesaid, the
trustee trustee shall publish a. notice Of that
lact IN at least TWO newspapers in
clfchiatioh IN said city, for at. least
four weeks, ana shall likewise post
q copy thereot at The front dor OF the,
eou ll OF Marion county, for a
like PERIOD OF time, stating the time,
place ana terms OF sale, prior to the
HHs 50 sist ' t, ' tN'u 'i'at inter
80. 1a', sa'e' 10 "' ~. lo' sag
80, '''1., - : "ip'y 'ne = lfoeeeas
~ - y 'ie p'' ''.en. y eSs's una
~ = 't'e N'I'" UNITS : 'oiii .iI.
~. = - 70 eS'it' VI .'i' l'ite ii'se
80 = 'ts "stee' anu SECOND, ne
ot'ut' "se .ne t'tiaii'uer VI sulu pro
1eeu' 40 ta4 "s ~ necessary Us sur 10 me
'e' 49, - oat,. o'Hs eat'u,''s aoo ai
'os7sSsse1 WIN ei'e accfu l' interest
-, go. "a i
~ s'ia eo '''i VI TWO per
80 VI ~ h''! eiiase ltice ~ oe ~
oN = e'''' trustee Us aloresala shall
= :" Pay ite 1tt IN iuii ot aii services
~ saiu trustee lS'' N N l'iakiils
's'e an" eot'ectilis anu aispurs'hs me
ptoSeei' 'ne!eoi' anu ahy SURPLUS sur re.
n,uL,int' ny s 'itt pay 70 ING said Glty
- "ififlo'i'' u s 'li oillciai Oh SAD
c'ts ~ may NC " a'i nor Dy cons cons
ii'o'' S :! 70 receive 'es the same
sec. .. That there shall be provided
out of the revenues and earnings Of
the water works system annually a
sinking fund TO be used exclusively
for tie purpose Of redeeming said
bonds, and paying their accrued In.
terest sufficient to pay off and dis
charge all of them within thirty (3O)
years, and that there shall be charge
or rate assessed upon the consumers
of water from said water system the
yearly aggregate Of all which will be
MT