The advocate. [volume] (Charleston, W. Va.) 1901-1913, 1907-02-21
NoHCE OF BoND ISSUE.

|
additional accommodation for the
children of ,s0h0oi age In &he city
of Charleston,AAMaSt Nirginaa. :
| And, Whereas, sSthe value OF the
taxable property In said city, as as
state ahds county taTes for The yeer
1906 was '$4G.S9S.a391S. =,
And, Whereas, the bond issue
herein contemplated, together with
the existing indebtedness OF the In
dependent Board OF Education for
the City OF Charleston, West Viz
glnia, does not exceed Two and one
half per centum or tho value of the
taxable property In said City, as so
ascertained-- ! =,
Resolved; That the independent
| Board OF Education for the City OF
Charleston, West Virginia, deems 1t
desirable to issue bonds of said
Board, under the authority OF Chap
ter:69 OF the Acts OF the Legislature
Of West Virginia of 1887, to the agr
| the purpose of building and equip
ping school houses in said city as
| follows: IS
For tine purpose OF purchasing the
] necessary land In the Second Ward
of said City, erecting public school
house thereon, and eQuipping the
| same. ~
For the purpose of purchasing the
necessary land in the Seventh Ward
OF said City, erecting a. public school
house thereon, and equipping the
same. ~~> =
! For &the purpose OF building an
| annex to the Garnett school house
in said City and eQuipping the
same -
Resolved; That all of, said bonds
shall be of the denomination of one
hundred dollars, and multipltes
| thereof. Said bonds shall bear tn
tefest at the rate Of 4 10 per ecu
tum per annum, payable annually on
| presentation Of the coupons attached
| to, and issued with said bonds, to
the sheriff of Kanawha County, West
Virginia, at his office in said City.
| Said bonds shall be payable at the
said office Of said sheriff thirty years
from their date. Provided; that they
may be paid at any time after five
years from the date thereof at the
pleasure of said Board; and this
provlsO shall be expressed in the
| face Of the bonds. The President of
said Board shall sign said bonds on
behalf OF said Board, and shall affix
the corporate seal of said board
thereto, and the Secretary of said
Board shall eountersign the same;
and the interest coupons attached
to said bonds shall bear the litbo-
graphed OR engraved signature of
said secretary r-------.
If this resolution shall be ratified
~ H. I Il
of said City. at the election herein
provided for, said Board will. before
Offering any Of said bonds for sale,
by a proper levy upon the taxable
property. In said City. provide for the
1collectien OF an annuaI | direct tax
sufficient to pay, annually the inter
est on said bonds, and the principal
thereof within, and not exceeding
thirty years. 49,.
+ The 28th day of February, 1907,
is hereby appointed as the day upon
which an election shall be held by
the qualified voters OF said City, to
decide whether they will ratify or
reject this resolution; and this reso-
luton, together with a full and ac-
curate statement Of the financial
condition of said Board, as to both
teachers fund and building fund
both said resolution and said state
ment to be attested by the President
and the Secretary of said Board,
shall be published once week for
two weeks previous to the day of
said election, in all or the newspa-
pers published in said City; the fact
Of such publication to be verified by
the affidaVits or the publishers Or
managers OF said newspapers, and
said affidavits to be carefully pre-
served by said secretary, together
with, the certificate showing the re-
suit Of said election.
STATEMENT, FEB. IL, 1907.
Total value OF taxa -.
Bile property in
/ lSOb ZU,o98 ,G39. s
q II Co thereof is .. 500, 955.98
Bonded Indebted
ness Is as follows.
Lincoln 600 ....... 100000
Funding ~ :. III, 10000
High School AZ 20. 100000
Total 1920. 1851, 100000
Amount ia sinking
fund ..,....... s24,OoO.oO
Of which $2O,O0O.00 ....
is invested in the
$50 Lincoln bonds.
BUILDING FUND
Balance on hand July lat
1906 ....,........!$ 6,8O6.14
sc levy for 1906 ..... 30,59735
sc Add. High School -. 10,199.12
S47.6O2.