The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1906-11-08
SPECIAL aoNo eLEcrloN.
Mayors Proclamation.

Notice is hereby given that the fol-,
lowing ordinance was passed at the
regular meeting OF the Common Coun
>ii OF the City OF Charleston. IVES. (
virginia, held at the City Hall, in saiu
CITY, on Thursday, OStober lS@h, 1905.
and publication rec!ting said ordinance
5 hereby made, as required by law, to-
Wit
AN ORDINANCE providing for the
ISSUE OF o II one-half q I-2) pei
cent. interest bearing Bonds of In.
SiVy OF Charleston, West Virginia, oil
the par value and 20 the amount o.
SsSo,o0o,o0, OF which the amount @,
s2a,oOO,0o shall be used for the nun
pose or erecting, constructing an,
completing q bridge or bridges acres.
the Elk River. within the corporal,
limits OF The City of Charleston, an,
the amount Of 500. 100000 thereof
shall be used for the purpose of pay
ing outstanding indcb tedness of Tn,
CITY of Charleston, and the amount o
~o.OO thereof. shall be used 70:
the purpose of building and construct
ing public sewers within The City OF
Charleston.
BE 1T ORDAINED by the Common
Council of The City OF Charles
ton:
Section THAT pursuant to section
eigAt OF article ten of the Constitutio,
OF the State of West Virginia, of 1872
3, the bonds of the City of Charleston
west Virginia, be issued Of the pa.
value and to the amount CT $25O, OO0. 90,
CT which the mou of s25, 900. 90 shat.
be used for the purpose OF erecting
constructing and completing n bridg
or bridges across tho Elk River with
in the operate limits of The City O.
Charleston, ard the amount OF 500,
10000 shall be used for the pu.pos,
Of paying outstanding Indebtedness o.
rhe City of Charleston, and tn,
amount of SIPS. 900. 90 snail be usec
for the purpose OF building and con
structing public sewers within The
City of Charleston.
Section 2:-+Said bonds shall ne OF
the denomination OF one hundred dol
lars. and OF m%ultiples thereof, anu
SHALL bear interest at the rate of foul
and one-haif q 1-2) per cent. per an
mum, payable annually at the Citizen.
National Bank OF Charleston, a
Charleston. West Virginia; and sall
bonds shall mature and be payable IL
thirty-four (34) ears from their late,
but the right is reserved by the Com
mon Council of The City of Charles
ton to pay said bonds or either OF
them at twenty years from date, or al
the end of any year after said twenty
years, by payment of the bond or
bonds. and any accrued interest cou
pons.
Section 3:-Thc proceeds of sale OF
said bonds shall be applied in the man
ner and for the purposes set out in
section l of this ORDINANCE.
Section 4:-Said bonds shall be solo
at not less than their par value, anG
whom sold 1t shall be at public sale as
provided by this Ordinance and by the
laws of the State of West Virginia in
force governing anne, to the highest
bidder in writing, for cash; and before
any sails of such bonds, said sale shall
be advertised in some convenient
newspaper published in The City o.
Charleston at least four weeks pre-
vious to such sale.
Nor shall said bonds be issued O,
sold until this Ordinance shall have
been published in at least two news
papers of general circulation in Tho
City of Charleston once a week 70!
two successive weeks and until al
questions connected with the sam,
shall have been first submitted to Tho
qualified voters of The City Of Charles
ton, at a special election held for tina
urpns only, and shall have receive
three-fifths of all the votes cast 70,
and against the same.
Section 5:-Said bonds shall be ex
empt from municipal taxes of the CT,
OF Charleston, which fact shall ap
pear on the face OF the bonds as
part of the contract with the ho!de.
thereof.
Section GA direct annual tax, suf
hcient to pay, annually, the interes,
on the debt, and the principal thereof
created by h issue and sale Of said
bonds. within thirty-four years is here
by levied, against the personal and
real property in The CITY Of Charles