The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1907-09-05

bonds within thirty-four (34) years,
is hereby levied against the personal
and real property in the City of
Charleston for the purpose of paying
the annual interest when due. and to
provide sinking fund with which
to pay the principal OF said bonds
And the sum of $7.650.00 out of the
levy of 1908, or money derived there
from, by the City of Charleston to
pay the first annual interest on said
bonds; and like sum OF $7,65O.OO Is
appropriated from the revenues of the
City of Charleston for each year said
bonds shall run to pay annual interest
thereon as the same shall fall due,
and the sum of 100000 is hereby ap-
propriated out OF the levy of 1908, or
money derived therefrom, by the City
of Charleston, and like sum of S..
100000 is appropriated from the reve.
nues of the City of Charleston for each
of the years said bonds shall run, to be
placed in said sinking fund until the
amount shall be sufficient to pay the
principal of said debt represented by
the said bonds.
SECTION z. The Mayor OF the City
of Charleston shall. as soon as this
ordinance shall have been regularly
adopted by the said Common Council
at regular meeting thereof, issue his
proclamation in manner and form as
required by law, reciting this ordi-
nance. designating Tuesday, Septem-
Der 10th. 1907. as the day upon which
special election shall be held for
the foregoing purposes only. The said
proclamation shall specify the aggre-
gate amount of Indebtedness of said
City issued and authorized. existing
at the date of the proclamation; anu
said proclamation shall be published IL.
all the newspapers published in the
said City of Charleston for thirty 600
days before the date fixed for the saio
special election, and by posting such
notice at the front door of the City
Hall. of said City, for like perioo.
Therefore, pursuant to said ordi
nance 1, ]. A. Holley, Mayor of the
City of Charleston West Virginia, do
hereby appoint Tuesday, September
the 10th, 1907, between the hours of
sunrise and sunset on that day, at
the usual voting places in the City
of Charleston, West Virginia, as the
time and places at which special
election shall be held by the qualified
voters of said City to decide whether
they will ratify or reject said ordi-
uance. The tickets shall have printed
on them For ratification" and "for re-
lection" and those desiring to vote
against the bonds shall erase the
words For ratification" and those de-
SlTlnS TO vote 1Or the DOnQS Snail erase.
the words For rejection"
The bonds provided for in the above
ordinance shall not be issued unless
said ordinance shall have received
three-fifths (3-5) of all votes case for
and against the same at said special
election.
STATE OF INDEBTEDNESS OF THE
CITY OF CHARLESTON,
WEST VIRGINIA.
Value of taxable property IN the
City Of Charleston. as ascertained by
the last assessment. for the year 1907:
Real estate, 1907 is, gle, $4,000
Personal property ...- o,o36, $4,000
Property assessed by
State Board of Public
Works, 1907. ...... 1887, 364.15
Value of taxable prop
erty, 1907 ...--..... .S23, 549, 724. Is
Statutory limitation of
municipal Indebtedness
2 1-2 per cent of the
above total ........S 5SS,743.1U
BONDED INDEBTEDNESS
1895 6 per cent 20 year
hospital bonds .......s 25,000.0o
1899 per cent 20 year
refundfng bonds ...... 100000
1902 4 per cent 5 20 year
street Improvement
bonds ... 100000
1905 per cent 20 80