Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1907-06-07

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part Of sad City
SECTION 2. The said bonds
shall be coupon, interest bearing
bonds at the rate OF Ave per cent
per annum. payable thirty 600 years
after date. in legal tender gold coin
OF the United States Of America.
and the interest thereon shall be
payable annually i'm legal tender gold
coin OF the United States OF Ameri-
ca. on the first day OF July In each
year
SECTION 3. The said bonds shall
be publicly sold to the hightst bid
der in writing. to be approved by the
Board of Supervisors Of the said City
of Bluefeld. who shall conduct the
sale subject TO the direction OF the
Council, for cash and shall not be
sold for less than Teir par value.
SECTION 4. Before the sale of
the said bonds. the time. place and
terms Of the same shall be advertis-
ed in some newspaper. published in
the said City OF Bluefeld, for at least
four ca weeks previous to the date
OF sale.
SECTION >. The said bonds shall
be of the denomination OF one-hun-
dred dollars (s1OO.OO) each, or of
any multiple thereof as the Council
may deem best and most conductive
to the best possible sale thereof
SECTION 6. The Council OF the
said City OF Bluefeld shall annually
make a levy for sufficient amount
TO pay the interest on the said bonds,
as the same shall fall due, and shall
also create a sinking fund for the
purpose OF and which will be sufi-
cient for the purpose OF liquidating
and paying the whole amount Of
the principal of said bonds. then they
shall become due and arrive at ma
turity as aforesaid, and, for the rails
ing Of the said fund for the purpos-
as aforesaid, the rate of taxation
may be increased. not exceeding the
limit prescribed by law.
SECTION Z The amount OF the
levy aforesaid shall be collected by
direct annual tax, upon all of the
property subject by law to taxation
within the said City OF Bluefield.
which shall be collected in the same
manner and by the same officers that
other taxes are collected with and
for the said City of Bluefeld, by vir-
tue of it's corporate authority.
SECTION s. The Treasurer and
his sureties shall be liable in the
manner prescribed by law for the
levies so made to pay the interest on
said bonds, and to provide a sinking
fund for the redemption thereof and
the said funds shall be under the
control Of the Council and Board OF
Supervisors of said City, to be APP
piled to the purposes hereinbefore
directed.
SECTION 9. The Mayor of the
said City of Bluefield shall issue a
proclamation in the manner pre-
scribed by law, reeiting this ordi-
nance and appointing a day on which
an election shall be held by the quail
flied voters of the said City Of Blue
field in the manner prescribed by
aw, to decide whether mey will rati-
fy or reject this ordinance, and said
election shall he held for the purpose
only of voting on this ordinance.
SECTION 10. Said proclamation
shall be published in all of the news
3apers published in said City Of Blue
field, at least once a week for two
weeks previous to the day of cleo
ton, and the said election shall be
conducted in all things. in accor-
dance with the laws in force govern
ing such elections and the provisions
or the Charter of the said CITY of
Bluefield in regard to elections to be
held In said city, and the persons
voting for ratification Of this ordi-
nance shall have written or printed
upon their ballots "for ratification
and the persons voting against the
ratification, shall have written or
printed upon their ballots for reiec-
ton and the said collection shall be
held I'm the respective wards OF the
aid city and shall be held under the
supervision Of three inspectors I'm
each ward
SECTION H. The following in
spectors i'm the respective wards are
hereby appointed. to-wit:-
For ward No 1. w. J. Newenham.
e. J.. Bowman, w. Il. mcArter.
For Ward 2. II. r. shelton, w.
! w. Kcrsey r. L. Melcher.
For Ward No 3 J. II. Gollehon.
d. p. Ritz. O G. jenkins.
For Ward No. 4. d. b. Baldwin.
| ~ n. Sameth w. G. Terrell.
For ward 40. 8. p. J. Ashworth.
| j. 5. Kahle a. II Land
For ward so. 6. c. OLoary. p. r.
| Peterman H. w Reid
For ward So n. J. Thomas T.
/ I. Hall J. w. Dunnegan.