Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1907-05-17
: IN THE CITY OF BLUEFIELD. IN THREE WEEP

Board OF Supervisors OF the City Of
Blueheld:-
SECTION 1. That coupon bonds
OF the said City OF Blueheld.
amounting in the aggregate to the
sum OF one hundred thousand dol
lars, ($lOO,OOO.OO) be issued for
the purpose OF improving and ex-
tending the streets or the said City,
Tor the purpose of extending. im-
proving and completing the sewer
age system of said City. for the pur-
pose OF improving and providing
additions to the Public Buildings OF
said City, and for the purpose OF
providing improved and additional
equipments and buildings for the
tire department OF said City.
SECTION >. The said bonds
shall be coupon, interest bearing
bonds at the rate of five per cent.
per anuum, payable thirty 600
years after date. in legal tender gold
coin Of the United States OF Amer
lea, and the interest thereon shall
be payable annually in legal tender
sold coin OF the United States OF
America, on the first day of July in
each year.
SECTION B. The said bonds
shall be publicly sold to the highest
bidder in writing. to be approved by
The Board OF Supervisors of the said
City of Bluefeld, who shall conduct
me sale subject TO the direction OF
The Council, for cash and shall not
be sold for less than their par val
ue
SECTION 4. Before the sale of
he said bonds, the time, place and
terms of the same shall be advertis-
ed in some newspaper, published in
the said City OF Bluoncld. for at
least four t4D weeks previous to the
date OF sale.
SECTION o. The said bonds
shall be of the denomination OF
ono hundred dollars, ($1OO.OO)
each, or of any multiple thereof. as
the Council may deem best and
most conducive TO the best possible
sale thereof
SECTION 6. The Council Of the
said City of BlucGcld shall annually
make a levy for 81 sufficient amount
to pay the inJerst on the said bonds.
as the same shall fan due, and
hall also create a sinking fund for
The purpose of and which will be
sufficient for the purpose of liquid
ating and paying the whole amount
of the principal of said bonds. when
they shall become due and arrive at
, maturity as aforesaid, and, for the
aising Of the said rund for the pur-
POSES aforesaid, the rate of taxation
may be increased, not exceeding the
INIT prescribed by law.
SECTION Z. The amount of the
levy aforesaid shall be collected b..
direct annual tax upon all of the
property subject by law to taxation
within the said City of Bmefeld.
which shall be collected i'm the same
manner and by the same officers that
other taxes are collected within the
and for the said city of BueheId.
by virtue of ITS corporate authority
SECTION $. whe Treasurer and
his sureues shall be liable in the
manner prescribed Boy law, for the
aid fund and the said fund shall be
under the control Of the Council and
the Board of Supervisors Of the
aid City Of Bluefeld and shall be
applied to the purposes hereinbe-
fore directed
SECTION 9. The Mayor Of the
said city of Blucheld shall issue a
proclamation in the manner pre-
scribed by law, reciting this ordi-
nance and appointing a day on which
am election shall be held by the
qualified voters Of the said City OF
Blucfcld i'm the manner prescribed
by law, to decide whether they will
ratify or reject this ordinance. and
said election shall be held for the
purpose only of voting on this or
dinancc
SECTION 10. Said proclamation
shall be published IN at least two of
the newspapers published in the
said City Of BlucGold at least once
week for two weeks previous TO
the day Of election, and the said cleo