The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1907-01-31
= Nee q The Commissioner of the
Water Works Is 10 he Abol.
ished Altogether.
= BOARD OF WATER WORKS
analsting of Three Members Is To
e Elected 10 Have Charge OF
Fund and the System.

Fund and the System.
NE Board OF Trade has prepared
e'ibili for,a bond issue for water
xsrks aud other improvements ana
-. same has been taken to Charles
eeA-by Sherman C. Denham and CIV
en-to Delegate Charles NJ. Hart to
aattodnee In the legislature. The
IN - prepared by the Board reads
Is follows:
A bill to authorize the issue by the
uommon Council of the City of
Glarksburg OF bonds to the amount
= three hundred thousand dollars
sor the purpose Of refunding the
present existing Indebtedness of said
.slty. bonded or otherwise, except the
Npnd Issue Of 1901, or improving
he water works system thereof,
amending section Z. chapter 101 OF
tAe, acts of 1897. by abolishing the
!1ass of Commissioner Of the Water
Works" and creating In lieu thereof
Water Works Board" and for
ether purposes.
BE II enacted by the Legislature of
West Virginia:
Section /. That the Common
Council of the City of Clarksburg is
hereby authorized and empowered to
issue bonds to an amount not exceed
hg the sum OF three hundred thous-
and dollars. in the aggregate. at such
ate OF interest as trey may deem ex-
,edient. not exceeding six per cent.
err nnum.
Section II. That the said Common
Council OF the said City shall desig-
late. whether the interest on said
sonds shall be paid annually or semi
znnnaily and the place where the
same shall be payable. all of which
sAaiI be expressed on the face OF
aaid. bonds. and ON the coupons for
eAe payment OF the interest attached
shereto.
Thirty Year Bonds.
Section III. The principal OF the
sssid bonds shall be payable at such
rEnles as are declared on the face
thereof. but not ,exceeding thirty
years after the date of issue. and
Eovtsion shall be made by which
Ee.ssaidlcity may release and dis
rharge,itsel from any further liabil-
AZ hereunder by the payment Of the
srinrlpal and interest due thereon,
ut any time after ten years from the
Sxtapof. satin bonds.
Sale Of Bends.
Section w. The said bands shall
= sold and disposed OF to the high
sst bidder after due notice and ad-
Bsrtisement at such times and in
aach amounts as the said city coun-
81 may ordain, and the proceeds aris-
ting therefroni shall be applied in
psyment of the outstanding legal In
febtedhess OF the said city. whether
landed or otherwise. and to the re-
temption of al, bonds heretofore Is.
md by said city. except the bonds is
med In the year 1901, and thereaf-
'er to the Improvement of the water
'Korks plant OF said city. and, II the
said city council shall ordain. to the
saving of the streets and the extern
zion Of the sewerage system in said
.ity. And THE said bonds when so
issued shall constitute a specific and
PRIOR charge and lien upon the said
Hatst works system In said City of
harrisburg and all of the property Of
aid city pertaining thereto.
Direct Tax Imposed.
Section v The Common Council
al the said City of Clarksburg shall
provide annually for the collection
II direct annual tax sufficient to
saF annually the interest on the debt
rnh the principal thereof, within the
period Of thirty years; and out OF
such revenues or the income arising
from the said water works, they
stnH provide annually sinking fund
FOR the payment of the said Interest
snd principal within the time express
seldom the face OF said bonds, which
said sinking fund as 1t annually ac-
eumulates shall be by the common
COIL Of said city Immediately in
RS. IL good nd safe securities at
t,gt};r g u not less than thai
naid on, Tie said bonds and shall be
Kept so invested until such time a.
he, said bonds or any part thereof
may become due and payable; pro
rided, however, that the said com,
mun council shall have the RICH
from time 10 time 10 apply the sale
sinking fund in lieu OF Investing thu
same. to The redemption OF the sait
bonds; tire bonds TO be so redeemed
% be selected by lot and after du'
notice to the holder thereof eithe
n person of by publication for tou
xeeks in some newspaper publishe,
Ia the City Of Clarksburg. of the de
asce of the said city TO redeem sal,
Nrnda mn furthar intaresf shall N