The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1907-02-14
NOTICE OF BOND ISSUE.

y hereas there is urgent need Of adj
1itlonat accommodations for the children
of school age in the city If Charleston,
West Virginia.
.An;, Whereas, the value of the tax
able property in said city as ascertained
oy the assessult Mt tor state and count
taxes for the year 1906 was SO. 3eS, 2;s-
-.
.hnG. Whereas. the bor"t ,,st:- herein
com e1npiated together wi II the exist
ing indebtedness of the Ind -pc.. enr
Board of Education for .be city OF ,1,ar-
lesion, West Viz .luia. does not exceed
. Nv, and one-half pr ceueui!l oi the value
; OF this taxable prop=, ty IN said Glty, As So
asCe!talned-
Resolved; That tn. independent
Board of Education for the City Of Char
lesion. West Virginia, deems il desira BILE
to issue bonds Of said Board, rnder the
authority of Chapter 6e OF the Acts of the
Legislature of West Virginia of iSS7, to
the aggregate amount OF 81 IS 900. 90 for
the purpose of building and eouipping
school h buses in said city as follows:
For the purpose OF purchasing the
necessary land in the Second Ward of
thereon, and equipping the same.
for the purpose of purchasing the
necessary land in the Seventh Ward of
said City, erecting public school house
thereon, and equiPPing the same.
F,r the purpose OF building an annex
to the Garrett school house in said City
and equiopin& the SAME.
Resolved; That all Of said bonds shall
be of the denomination OF one hundred
dollars, and n1ultiples thereof Said
bonds shall bear interest at the rate of
4 Ia Per centun per annu.n, payable
annually Oh presentation Of the coupons
attached TO. aud issue. with said bonds.
TO the sheriff cf-kanawha County. West
Virginia. at his Office il, said City Said
bonds sinai; be payable at the SAID Office
Of 7:.ti sne-ia thirty Yeas from their
date. Provided; that ehev may Re paid
date thereof at the pleasure Of said Board
and this oroviSo snail be expressed i'll
the face Of the bonds. The President of
ID Board shall sign said bonds on be
halt c! sait; hoard, and shall atiiN the cor
porate seni O! said Board thereto and the
Secretary O! said Board shall cuuutersipil
the same; and the interest coupons at
laChed TO said bonds shall bear the litho-
graphed engraved signature OF said
secretary.
If this resolution shall be ratified BY
three-dfths OF the qualified voters II said
City at the election herein provided for,
sad Board will, before Offering any Of
said bonds for sale. by u proper lew up
on the taxable property i'll said City. pro
vide for the collection Of an annual direc,
tax sufficient TO pay, annually the inter
est on said bonds, and the principal
thereof within, and not exceeding thirty
years,
The 18th day OF February, 1907 is
hereby appointed as the day upon which
an election shall be held by the quaIiGeel
voters of said City, to decide whether
they will -atify or reject this resolution;
and this resolution, together with full
and accurate statement of the financial
IS RI
teachers fund and building fund. both
said resolution and said statement to be
attested by the President aud the. Secre-
tary OF said Board, shall be published
once week for two weeks previous to
the day of said election, IN all of the
newspapers published in said City; the
fact Of such publication to be verified
by the afhdavits OF the publishers or
managers OF said newspapers, and said
attda"its 70 be care uliy preserved BY
said secretary together with the certih-
cate showing the result Of said election
STATEMENT, FEB, IL, 1907.
Total value OF taxable
property in 1896 w s2o,3 1913, ago II
~ per cent thereof is oe,o55 oS
bonded Indebtedness is as
follows:
Lincoln s per cent w 20, 900 90
Funding ~ per cent. III, 700 90
High School AZ per cent $1,000 90
Total. ........... 1871, 200 90
Amount n sinking fund 24,o 90
OF which $40, 900 90 is in
vested in the per cent
Lincoln bonds
BUILDING FUND
Balance On hand July LIST
1906 -. ...-..-..S 1886 -
l5c lew Tor 1900 5o,5e7 IS
SC Add. High School " Io,Ioq ~
1852 81
DEDUCTIONS
Outstanding orders 5 44s o.
Interest Coupons ...... s.454 90
Sinking fund 5000 90
Estimated delinqueats,
generations and sha..6s
Go1n.,.- .-.-....... $500 90
Paid for employees sela-
Iies. supplies, repairs,
fuel and other operating