Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1907-10-11
AMAT ION
To The Voters Of The School
District MAJ tinsburg
NOTICE OF BOND ISSUE


| Whereas there is urgent need OF additional
! accommodation for the children of school aye
I in be city of Marnnsburg, Berkeley County,
| West Virginia: and
Whereas the value OF the taxable property
/ in the schOo. district of .sartlnsburg, in said
| county, ascertalned 10y the assessment Tor
| state ana county taxes for the year 1907, was
5 O7s, -, b, and the bond issue herein contem-
{ pi Eel, L, her with existing Indebtedness
does not il the aggregate Ell coed 1--WE and one
] half per centum on the alue of such properly
I a. ptoV.ced oy law: and
| hereas, the Board of Education OF SAID
| district, pursuant To an Act OF the Legislature
| # Nest Virginia p ssed February tn, 1907,
did, ON the 9th day Of May 1857, submit Tor
1 ratification 10 the voters said district pro
/ position to issue bonOs 10 the amount of 500
/ go coo bearing interest at the rate of
! 3 PEA CENrUM PER ANNUM Tor the pur-
/ pose u pay Ing eXlstiEg Indebtedness, pullo,
/ ing, completing, eniargiug, lemodeilng Snd
/ uraishing chOol houses within said district:
and
/ Whereas said proposition was duly ratified
/ by more than thIee-nitbS OF an The Vot cast
\ Tor and against the same at the municipal
| election which luc said submission was
Where's said Board has not been able TO
sell said bonds because II the low rate OF IN
letest and deems II e2 pedient 10 secure the
author " OF the voters OF said district TO issue
said bonds at a higher rate of interest, and TO
make the optional redemption ten, instead
I OF i've years as provided Ia the former proc
lamafior:
THEREFORE BE IT REsOi ED
that The school District OF Martinsburg do
issue its bonds. pursuant 70 tbe authority
vested in tue board OF Education thereof oy
an Act of the Legislature passed February
18th, 1897, to the aggregate amount OF s5o,tuu05
lor the purpose oil paying existing lnueoteu-
ness, building completing, euldrg ng remodel
ing ana furnishing sehoo. houses within said
district as follows. tQ-Wi,
/. To build ana uip rev school house
on The Third Ward s..hool House Lot in SAID
district
, To pay for the ADDITION made to the Col
ored school House IN the Second Ward IN
said district:
| being installed III the Second and Fourth
Mard school Houses and tor repa' 10 The
heating APP us already Installed In tue
Fifth Ward school House. all IN said district:
4, To build an Annex 10 the High school n
the Third Ward in said district.
O. To hquidate existing Indebtedness
whether by outstanding bonds or otherwise:
and
g. To pay for any other Improvements to
the school buildings or property in said dis
trlct deemed necess AIRY.
said bonds shali be OF the denomination OF
00,U0 each, payable in thirty years from their
Date at the office OF the sbenE, S-ollclo treas
uler OF said county,with interest thereon from
date at the rate of FIVE per centum per an
| mum payable seml-annually upon presenta-
| tion at said office of the proper coupon there
| 10 annexed; PROVIDED, however, that said
| bonds or Any OF them, shall redeemable al
| the option OF the said Board at any time after
zen years from their date at the maturity Of
any interest coupe thereto annexed upon u
|
| published once a week Tor four sue essive
weeks in some newspaper published or of gen.
eral circulation In said county, and from the
date so fixed tor such REDEEM pit on the interest
on such bonds shall cease SAID bonds sh II be
| executed by the President fthe Board of Ed
ucation of said district, its corporate seal be
| thereto affixed attested by its secretary, and
| the intert st coupons annexed thereto shall
| bear the autographed or engraved signature
of said secretarythey shan be numbered from
one to one hundred consecutively
/ The said Board n ncatiOn already
| provided by proper levy upon the taxable
property in said district for the collection OF
direct annual tax sufficient to pay the annual
| interest Oh said debt and the principal thereof
within thirty years.
Resolved further, that Tuesday the 5th day
| of November, 1907. be aud the same is hereby
| appointed as the day upon which an elt ction
| will be held in said district of Martinsburg TO
| decide whether or; not the voters thereof will
ratlfy said action OIL said Board of Education
| and authorize the issue of saidsbonds as here
| in provided; and that this resolution, to-
gether with full accurate statement OF the
| financia condition of said district shown
on the first day of July, 1907, be published
once week for four successive weeks In the
| Martinsbutg herald, the Statesman Demo-
| crat, and the Evening Journal, newspapers
| published in said district.
Said Financial statement is in words and
| figures following, towit:
STATEMENT, JULY LIST, 1907,
Total value of taxable property
in 1907. s5,O7S,79O So
thereofis 26,s69 II
| Bonded Indebtedness, per cent. $500 90
| Outstanding orders, 6 per cent. 1916 90
| Outstanding orders pei cent. 1,365.00
/
Total indebtedness 1851 %
BUILDING FUND
| Balance on hand July !, 1907, S2,e6i rs
| Tween y-two cent levy for 1907, l,l73, %
DEDUCTIONS
| Estimated expenses for year
ending Iune 30 1897 slLo83, 50
\ Ba ance 3d. 99.6l
TEACHERS FUND
| f lance on hand luiy 1907, s 657.65
Tween weight cent levy Tor 1907 IL, ~ 81
state School fLud 4 646. 2
DEDUCTIONS
| Estimated expenses for the year
| ending June 30, 1907, SIS, a5i.60
Balance so. 8
| By order of Board of Education of the School
| District Of Martinspurg sep. 81 81.
A. T. RUSSLER, Pres.
| W. A. PIrZER, Sec.
| BY order of Board of Education OF the
School District of Martiusburg
Sept u, 1907.
AT. RUSSLER, Pres.
| W. A. PITZER, Sec.
A true cODg: