The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-20

gbss tbeS said city thereon; and tiiati
said y 80. city shall by an ord III 1of Eitss
Comm; tll Conncil have the right al
any time, after he exp Irat Hon 81 I'VE
years from the date % said bonds,
and at such times as accrued interest
i 4 and payable thereon, to call ini
and pay on, Z discharge and redeem
same, or any part thereof, ana DIS.
charge itself from any further! LA.
billy arising from said bonds SO
paid of and redeemed by! the pay
ment Of the principal and interest due
thereon, to the date OF the said pay a y
ment, and shall contain the further
proyision;that said city by order gifts
Common Council shall whenever 1t
desires to call ANY, OF the said
bonds for the purpose of paying on
and redeeming them, or any part
thereof direct theSwatcr committee
orRwatcr board Of said city to draw
by lot from alist OF numbers TO be
prepared by the city clerk, core.
spending 10 those OF. the bonds yet
at tho time outstanding, and notice
OF the fact that such bonds have
been thus drawn and selected for re.
,demptlon 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.
lected 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 "a
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.
flying 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
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 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 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 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.
Mo- $4,000.
For value received, City Of Fair.
mont, municipal corporation OF the
State Of West Virginia. promises to
pay to the bearer, or, if 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
''Sse 81. ' - oAiiit, 'lic SUM VI I'VE uuu-
dred dollars (s50O.oO), in gold coin Of
the United States Of America, OF, or
equal to the present standard OF
weight and finencss, 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 5 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.
ly 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 nun.
bered consecutively from one to three
hundred and sixty, both numbers in