The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1906-11-01
srsc.AL aoNo ELECTION.
Mayors P-reelamation.


Notice is hereby given that the fol,
sowins ordinance was passed at tie
regular meeting OF the Common coun
I'll OF the City OF Charleston. Mes.
Virginia, held at the City Hall, in saia
lily, ON Thursday. October lSch, IsuU.
n ~puelication reciting said o.d.nun,.
s hereby made, as required by law, TO-
Wit
AN ORDINANCE providing for IN,
issue OF four and one-half q Id Pc.
sent. interest bearing Bonds OF Tn,
City OF Charleston. West Virginia. o,
the par value and to the o o.
$3.50 10000. of which the mount OF
S2o.ooO.oo shall be used for the pu,
lose OF erecting. constructing AM
completing q bridge or bridges across
the BLK River. within the corporate,
limits Of The City OF Charleston. an,
the amount OF 500. 10000 thereof.
n be used for the purpose OF pay
Ing outstanding indebtedness of Tn,
City OF Charleston. and the amount q
i 25,ooO.00 thereof, shall be Used 70.
the purpose OF building and construct
ing public sewers within The City OF
Charleston.
BE 1T ORDAINED by the Commo,
Council of The City of Charles
ton:
Section THAT pursuant to section
eight OF article ten of the Constitution
OF the State of West Virginia, OF 1872
3, the bonds of the City OF Charleston
west Virginia. be issued OF the pm
value and to the amount CT $3.50, 0oO. 90
CT which the amount of SOS. 900. 90 a
be used for the purpose OF erecting
constructing and completing n br,dg,
or bridges across the Elk River with
in the operate limits OF The City G
Charleston. ard the AMOUNT OF 500.
0O.0O shall be used for the pu..pos,
OF paying outstanding indebtedness O.
h City OF Charleston, and tn,
mount of s125. 10000 shall be uset
Tor the purpose OF building and con
structing public sewers within I'll,
City of Charleston.
Section 2:-Said bonds shall ne OF
the denomination OF one hundred dol
lars, and Of multiples thereof. an;
shall bea interest at the rate of fou,
and one-ha1 a 1-2) per cent. per an
mum. payable annually at the Citizen,
National Bank OF Charleston, n.
Charleston. West Virginia; and salt
bonds shall mature and be payable Il,
thirty-four (34) years from their date
but the right is reserved by the Com
mon Council of The City of Charles
ton to a said bonds or either O,
them at twenty years from date, or a
the end of any year after said twent
years. by payment OF the bond o.
bonds, and any accrued interest cou
pons.
Section 3:-The proceeds of sale O.
said M shall be applied in the man
e and for the set out IL
section 1 Of this ORDINANCE.
Section 4:-Said bonds shall be sole
ut not less than their par value, an6
when sold At shall be at public sale a.
provided by this Ordinance and by the
laws of the State OF West Virginia f,
force governing same. to the highes-
bidder in writing, for cash; and before
my sails Of such bonds, said sale shall
oe advertised in some convenient.
newspaper published in The City O
Charleston at least four weeks pre-
'ious to such sale.
Nor shall sad bonds be issued o,
sold until this Ordinance shall hay,
seen published in at least two news
papers of general circulation in Tho
City of Charleston once a week 10,
two successive weeks and untn al
questions connected with the same
shall ave been first submitted to tho
qualified voters OF The City of Charles
on. at a special election held for tina
purpose only. and shall have receive
three-ffths OF all the votes cast 70,
md against the same.
Section 5:-Said bonds shall he ex
empt from municipal taxes Of the Cit
5f Charleston. which fact shall ar
pear on the face of the bonds as ,
part of the contract with the holde
thereof.
Section Ga direct annual tax. sui
hcient to pay, annually, the ~interes-
on the debt. and the principal thereof
created by the issue and sale OF sale
bonds, within thirtyfcur years is here
by levied. against the personal ant
real property in The CITY of Charles
ton. Tor the purpose OF paying the an
nual interest when due, and to pro