Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1907-11-02
Proclamation 10 the Voters OF ths
School Districs OF Martinshuru.
Notice Of Bond Issue.

SIala. ana,
whereas the value Of the taxab 4
pfopsrty in the school district or Mar.
tiEsburg, In said county. ascertained
by the assessment for state ana ccu--
~ taxes for tho year 1907. was s5,.
u4S,KsO.63, aud the bond issue l.ere
IN contemplated. together with exist
ing indebtedness. does net ia tha
aggregate exceed two and one-half
per centum on the value of such proD-
erty as provided by law. and
Whereas, the Board OF Education 81
saiu district. pursuant TO an Act OF
the legislature OF West Virginia
passed February IL, 1907, did on the
s9tn day OF May, 1907, submit 70,
rauncaIon to the voters OF said dis.
trict proposition to issue bonds IL
the amount CT $4,000 bearing lnter
est at the rate of four per centum Der
annum for the purpose Of pavsnr ~.
lsting indebtedness. building, comnle..
ing, enlarglng. remodcling and fur.
nishing school houses within said
district, and whereas said proposi.
tion was Gully ratified by more than
three-nShs of ell the votes cast for
ana against the same at the inunicipal
election at which tho said submisaion
was made; and whereas said BOARD
mas not been able to sell said bonds
because OF the low rate OF interest,
ana deems 1t expedient to secure the
authority OF the voters of said dis
trict to Issue said bonds at a. higher
rate or interest. and to make the on.
tiolal redemption ten. instead OF Ave
years as provided in the former pro.
clamation.
therefore lie it Resolved, That the
School District Of Martinsburg do II.
sue us bonds. pursuant to The author
lty vested In the Board OF Education
thereof by an Act of the Legislature
passed February IL, 1907, to the az.
gregate amount OF 100000 for the
purpose of paying existing indebted.
ness, building. completing, enIarginr
rehoaehag aud furnishing school
houses within said district as follows.
to-wit:
!. To bui'd md equip new schooi
house on the Third Ward School
House Lot II said district.
z, TO pay for the Addition made h.
the colored School House In the Sec.
1hd ward III said district
.. TO pay for the heating apparatus
now being installed in the Second ano
Fourth Waed School Houses aad for
repairs to the heating apparatus al.
ready installed in the Fifth Ward
School Iouse. all in said district.
4. To build an Annex to the HIGH
School In the Third Ward in said
district
.. To liquidate existing Indebted.
ness whether by outstanding boads 0,
otherwise; and
9. TO pay for any improvements TO
the school buildings or property IN
sald district deemed necessary.
SAID bonds shall be OF the danon,t.
nation OF $4,000 each, payable in 30
Fears from their date at the Office
81 the sheriff ex-ofIicio treasurer Of
| said county. with interest thereon
frcm date at the rate OF Ave per cent
um per annum payable semi.annuallv
| upon presentation at said office OF
the proper coupon thereto annexed
provided, however, that said bonds. or
any of them shall be redeemable az
the option of TIE said board M any,
time after ten Years from their date
| at the maturity OF any interest coupon
| tnereto annexed upon a notice of the
intention so to -edeem being publish.
ed once week for four successive
| weeks in some newspaper published
or OF general circulation, In said coun.
", and from the date SO Axe, 70,
such redemption he III sa
bonds shall cease. Said bonds shall
be executed BY the president OF N,
Board Of Education OF said district
us corporate seal be thereto affixed
attested by its secretary, and the Ia
terest coupon annexed thereto shalt
bear. the autographed or engraved
| signature of said secretary; they shall
De numbered from one to one hun
dred consecutively.
The said Board of Education has al.
ready provided by proper levy up6n
me taxable property in said district
Tor the collection OF a direct annual
tax sufficient to pay the annual inter
est on said debt and the frinclpa
thereof within thirty years.
RESOLVED, further, that Tuesday thp
9Th day Of November, 1907. be aad III,
same Is hereby appointed as the dsy
upon which an election will be held
n said district Of Martinsburs 10 de-
eide whether or not the voters there
OF VIII ratif said action Of the Board
or Education and authorize the issue
of said bonds as herein provided. and
that this esolution together with n
full and accurate statement OF the
hnancial condition of said district az
shown on the LIST day OF Jelly. 1907. be
published once week for four sue
aessiye weeks in the Martinsburg Her
aid, the Observation-Disclosures. and the.
Evening Journal newspapers publish.
ed in said district.
Said financial statement il in
words and figures following, to-wit:
Statement, July I, 1907.
Total value OF taxable
property In 1907 s5.07S 79O ga
Two and one-half per
cent thereof Ii . 12c o6g II
Bonded Indebtedness