Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1907-05-24
Notice of Bond Issue.

I in the city OF Martlnsburg, ". Va,
1 And, whereassthe value OF the taxable prop
erty IN said city, ~ GScertained by the as
3 eSSment Tor STATE aud county taxes for tuS
I year 1890 WAS S&,Sso,a4e.u0
Z And, whereas, the oond Issue herein con-
! ten, siatea, together with The existing iuGebl-
sdness OF the independent Board o. Educa-
I ton the city Of Marunsourg. West Nu-
I ginia, does not exceed two ana ont-half per
/ in said city, IS so aScertaineO-
Resolved: That the independent board oI
I Education fer the City OF M4Iunsourg,, West
I Virginia, Deems il desirable 70 issue bonds OF
saia Board. Rn4er the authority OF the Acts OF
the Legislature of West Virginia OF 49,, 10 the
aggregate amount OF Sa9.OVN,0J for The pur-
/ pose OF building ana equlptus school houses
IN said City a. follow
A New Third Wand Schocl building on
. present site; enlarging Colored Scnool Guild
} ing; putting In heating apparatus in Second
snd Fourth Mad buildings; psyip OF In
dentedness ana aading eonslderaele improve
( menL 10 the High school building.
Resolved: That all OF said BONDS shall be Of
the denomination of rVe hundred dollars, and
multiples thereof. Said bonds shall bear ira
tereSt nj the rate of four az per centum per
snnum, payable annually ON presentation OF
the cou pons stlacaed to, and issued Win said
bonus, TO the sh riff OF Bel Kelley county, West
Virginia, Al his ONCE in SAID eltS. said
bonds shsll oe payable at the said office of sad
Sherrt thirty years IRON their date.
PROVIDED; that tney may De paid any time
after ive years rom the date Thereon at the
pleasuee of said Board; ana this provtso shall
be expressed ia the lace of the bonds
{ Inc PRESIDENT OF said hoArU snail sign said
bonds on behalf of sSud Board, and snail al,
fix the eorpos ale seal of said Board thereto,
ana the Secretary OF said so nj snail counter
sign the same and the interest coupons al
tssche0 10 81 bonds shalt bear Tue Hiho-
gra pned or en- faNed signature of said Secre-
ISry
Ii this resolution shall be ratifieo by three
INNS of the qualified voters OF said City at
The election heleln provided Ter ssid Board
viii, before offering aAy Oh said bonds for sale,
by a proper lsNy upoa The taxable property in
, said lily, proVloe Tor the collection OF an an.
nual alreNt tax sufficient 10 pay, annually tne
interest on sad bonds, and the principal
thereof within, ana not exceeding thirty
years,
The s7th day Of May, 1897, Is hereby APP
I pointed AS The day upon which an election
shall be held by the Qualified voters OF Said
I City, decide whether IN VIII @uiy or le-
{ jecf This resolution; anu this resolution, to-
B srlner With "A L. and accurate statement
"a The financial condition Of said board,
as 10 botn Teachers Fund AID Sulld-
ing Fund, Said resolution ana sand statement
/ 10 pe Altesled by The tresids Mt ana Secretary
T of sslu bOard, snail be published in all The
newspapers IN SAID CITY, oDce "a Week for ioar
weeks rsSlous TO the Gay of said eIect{on;the
I Iact OF sucn pupiicNtion 10 be verified by the
aLldtN4ts oi the publishers or manager, u
said newspapers and said aaAoaNits 10
/ be carefully preserved by said SecTe-
/ tary, together with the, certificate show
/ ing The result of Saio election. a
/ STA, emeni, April y, 1907.
in iSao .,Ss5, $40, co
| 2ls per cent thereof is 1Is,SsS.o5
Bonded Indebtedness per cent. sa,50ele
Outs .anding order per cent l,slAOV
ontSlan slng orders Per cont l,SooVN
Totsl Indebtedness s5,sSl,oe
Building Fund
Raladce on hand July l, 1910 sl.A7,55
Twenty cents levy for 1915 s,o12,oo
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