The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-02-10

~ '.0|f ~. 200 10" I"IQ
bonds Shall moi be iiabae 70 shxat ion
sby the said cits thereon. ana that
said eits SHAH bss IN order of itsfI
Common Gounci have the right All
!anyst imes after Me pirat ION of Ave
years from the date Of said bonds,
and such time as accrued interest
is due and payable thereon. to call In
and nay on: discharge and redeem
same, or any part thereof, and dis;
charge itself from any further liza.
bllity arising from said bonds so. 4
paid on and redeemed by the pay.
mentiof 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 It's
Common Council shall whenever it
desires to call In any OF the said
bonds; for the purpose of#paying off
and redeeming them, or any part
thereof, direct the water committee
or water board Of said city TO draw
by5lot from a 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 drawnsand selected for, re.
demption shall be given 10 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.
Itifying 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
i 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 persona
service on any holder or holders o.
z SAID bonds SO selected to be redeem
ed; and the interest on said bond.
shall at the next succeeding periot
for the payment thereof thereafter
! cease. n
!; Said bonds Shall contain the furthe
{ provision, that all Of said bonds ar,
Z, equally secured by certain first mort
+ gage or deed OF trust upon the waite
|, works, and water works system, o
said city, which said mortgage o
4 deed OF trust shall be sufficiently de
!. scri6ed in said bonds for identified
i ton, and that said bonds are issue,
!. and held subject to tie provisions
terms, and conditions set forth Il
!, said mortgage or. deed Of trust. 4
\ The form Of said bonds shallbe a
s follows:
: UNITED STATES OF AMERICA.
State of West Virginia, Count
9 of Marion, Falrmont Water Work.
/ Mortgage Bonds. IL.
3 First mortgage 8 per cent. so yea
Z bond. g III
MOI $4,000
5 For value received, City Of Fai
l. mont, "a municipal corporation of til
S State Of West Virginia, promises
y pay TO the bearer or, If this bond i
4. registered then to the registered hol
" er thereof, at the office OF the eli
n. clerk, of the said City Of Fairmon
Is iii the county of Marion, State 4
West Virginia, the sum OF five hui
il. bred dollars ($5o0oo), in gold coin 4
i. the United States Of America, OF, 4
Ii equal TO the present standard
weight and fineness, on the first df
It OF May, which will be in the year OF
II thousand, nine hundred and 1hirt
4. five, and TO pay interest thereon fro
5, the first day Of May, 1905. at the ra
e. of . per centum per annum in Ill
Of coin semiannually5 on the first dai
e OF May and November in each ye
IS until said principal sum shall be fl
ly paid, upon presentation and 81
"a, render, at the Office aforesaid Of II