Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1907-05-18
thar 81 .-.~..s . = = =


dren Of school age IN the City cf Mar
tinsburg, West Virginia.
And, whereas the value 81 taxable
property in said city. as ascertained
BY the assessment for State and
county taxes for the year 1906 was
1896, $4,000.
And, whereas, the bond issue here
in contemplated, together with the ex-
isting Indebtedness Of the Independent
Board Of Education for the City Of
Martinsburg, West Virginia, does not
exceed two and one.half per centum Of
the value Of the taxable property in
said city, as SO ascertaired.
Resolved: That the Independent
Board Of Education for the City Of
Martlnsburg, West Virginia, deems it
desirable to issue bonds Of said Board,
under the authority of the Acts OF the
Legislature of West Virginia Of 1897
to the aggregate amount of 100000
for the purpose Of building and equip
ing school houses in said City as fol.
lows:
New Third Ward school building on
it's present site; enlargng Colored
school building; putting in heating ap-
paraths in Second and Fouth Ward
buildings; paving off Indebtedness,
and adding considerable Improvement
to the High School building.
Resolved: That all OF said bonds
shall be of the denomination of Five
Hundred Dollars, and multiples there
Of Said bonds shall bear interest at
the rate of four (D per centum per
annum, payable annually on presenta-
ton of the coupons attached to, and
issued with said bonds, to the sheriff
of Berkeley 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 any
time after five years from the date
thereof at the pleasure of said Board ;
and this provision shall be expressed
in the face of theAbonds. The Presi-
dent of the 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 countersign the
same; and the interest coupons at
tached to said bonds shall bear the
Autographed or engraved signature
of said Secretary.
If this resolution shall be ratified
by three-fifths of the qualified voters
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 prop
erty in said City provide for the col
lection of an annual direct tax suf
fcient to pay, annually the interest on
said bonds and the principal thereof
within, and not exceeding thirty
years.
The twenty-seventh day of May,
1907, is hereby appointed as the day
upon which an election will be held
by the qualified voters of said City, to
decide whether they will ratify or re-
ject this resolution; and this rcsolu-
ton, together with full and accC
rate statement of the financial condi.
ton of said Board, as to both Teach
ers' Fund and Building Fund, said
resolution, and said statement to be
by the President and Secre-
tary of said Board, shall be published
in an the newspapers in said City,
once week for four weeks previous
to the day of said election; the fact of
such publication to be verified by the
of the publishers or man.
ayers of said newspapers, and said af-
fidavit to be carefully preserved by
Sdlu OCSICthiyJ tOstLucI WIN lH6 Ger
tificate showing the result of said
election.
Statement, April %, 1907.
Total value of taxable
property in 1906. "a 1886. $4,000
IL per cent. thereof
is ......... .......... lis, 3SS.65
Bonded Indebtedness A per
cent. ........-.... ..@z, oVu'uU
Outstanding orders, per
cent ................... $4,000
Outstanding orders, 5 per
cent. ................... 1,36o.OO
Total Indebtedness s5,6S1. 90
Building Fund.
Balance on hand July I,
1QO6 81 DOT 5F