The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1907-08-29

.tiu ScWeIlHS IN the City OF Charles
ton; S25,000.00 to pay e1tified certi.
ficates outstanding; 100000 to he
used to purchase horses, wagons and
harness and 100000 for repairing
BROOKS Street at the intersection of
Aanawha; 100000 to improve CITY
lre stations and city building, and
$29,OOO.OO to pay open accounts out
standing
BE 1T ORDAINED by the Common
Council of the City of Charleston;
SECTION 1, That pursuant to Sec.
ton of Article 10, of the Constitn.
lion of West Virginia, and Chatter 1I1
or the Acts of the Legislature of West
virginia OF 1929, and Chatter 81 of the
Acts or the Legislature of West Vir-
Slnia of 1905, the bonds of the CITY of
charleston, West Virginia, be issued
or the par value and to the amount OF
$iIo,o00.00 of which the amount +
$lS,OO0.OO shall be used for the mr.
pose of completing the bridge across
Elk River, at Virginia Street: SIG 900
w TOT the purpose of tearing down the
ola keystone bridge and removing and
REBUILDING same at Spring Street with
necessary fills and approaches. So
ooO.OO to pay on amount borrowed
from cemetery fund; $G5,OOO.OO to he
used for paving and curbing the STREETS
ION; S25,0OO.OO to pay certified Ger.
Nncates outstanding; 100000 to be
used to purchase horses. wagons and
harness, and $4,000 for repairins
brooks Street at the intersection of
kanawha; 100000 to improve the
city hre stations and city buildings
and S29, 100000 to pay open accounts
outstanding.
SECTION 2. Said bonds shall be of
the denomination of One Hundred
lSl0o) Dollars and of multiples there
o. and shall bear interest at the rate
Oh TOUR and one-ha1f a 1-2 per cent,
per cent per annum payable annuoiIy
at Chase National Bank, in the City of
New York, and said bonds shall ma.
lure ana be payable in thirty-four (34)
years from date, but the right is re
served by the Common Council of
the City of Charleston to paw said
bonds or either of them ten 1O) years
from date or at the end of any wear
after said ten QO) years bv navment
or the bond or bonds and any accrued
interest coupons
SECTION 3. The proceeds of sale
OF sad bonds shall be applied in the
manner and for the purposes set ont
III Section L of this ordinance.
SECTION 4. Said bonds shall he
soia at not less than their par value,
SAFE, as provided by this ordinance
ana by the laws of the State of Wesi
virginia in force governing the same
10 the highest bidder in writing for
cash; and before any sale of such
ponds, said sale shall be advertised
IN some convenient newspaper pub
ilshed In the City of Charleston ot
sale. :" ""N'
Nor shall said bonds be issued or
sold until this ordinance shall have
I~eh published in at least two ncws-
papers OF general circulation in the
CITY OF Charleston once Il week ro,
TWO successive weeks, and until an
questions connected with the same
slaii nave first been submitted to The
qualified voters of the CITY of CborIas
ton, at a special election held for ~
purpose only. and shall have received
'hree-hfths (3-5) of all votes cast for
or against the same
SECTION 5. Said bonds shall ba |
exempt from municipal taxes of tn
Clty OF Charleston, which fact shah
appear on the face of the bonds ne , !
thereof 'i' hoiccr
SECTION G. \ direct annual to
su1hclent to pay annually the interest
on tne deDt and the principal thereof |
created by the issue and sale of said
PONDS within thirty-four (34) wears
is hereby levied against the personai
ana an real property in the CITY of
G tha e1 for the purpose of paying
tne annual interest when due. and to
provide sinking fund with which
10 pay the principal of said bonds
ana the sum OF S7,65OOO out of +be
teEy OF 1908. or money derived there.
rom, by the City of Charleston to
pay the hrst annual interest on said
PONDS; and Ike sum of $3.50 90 10
appropriated from the revenues of the.
SitF OF charleston for each wear said
ponds shall run to pay annual intercst
thereon as the same shall fan dun
n nru rne sum of 100000 is hereby an,
propr1ated out of the levy of 1908 or
i M derived therefrom, by the cir
o 20 o m RE and a like sum of S..
DVVoo Is appropriated from the reye-
hues OF the City of Charleston for c,cl,
~ the years said bonds shall run. To he
pisceu IN said sinking fund until tho
mount shall be sufficient to nav The
3,rlnclpal of said debt represented bv
he said bonds ny
g SEXTON Z. The Mayor of the CITY
u charleston shall, as soon ne tbis