Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1907-10-18
PROCLAMATION
To The Voters Of The School,
District Of Ma tinsburg
NOTICE OF BOND ISSUE


Whereas there is urgent need of additional
aceQmo station FOR the children OF school axe
/ M lie city Of haTt4nsbarg, Berkeley County E,
1 West Virginia: aud
! whereas the value OF the tsxsble property
\ in the schoO. dist let OF MartinsOurg, IN SAID
! county, sscertained BY the assessment Tor
state and county taxes for the year 1897, was
7 - U7s,s9 IS, and the bond issue herein contem-
+ pi.ievj, together with existing Indebtedness,
does not in the aggregate eT coed two and one
4 hvif per cent1n on the value of such properly
/ as provided by law: and
/ hereas the Beard of Education of said
l district, pursuant 70 an Act Of the Legislature
I OF "A ext Virginia p issed February 18th, 1907 +,
/ did, ON the 9Th dsy OF May 1885, submit for
! ratification to The voters O said district a pro
1 position 10 issue bonus 10 the amount OF sJ0,-
! GOO 600 bearing interest at the rate of
/ ! FE-s Gen L IA PER ANNUM for the pur-
l pose OF paying existing indebtedness, pulid :
4 ing, completing, enarging, remodehng md
/ iurntshins -hool houses within said district:
/ ana
/ Wsereas s.ia proposition vas duly ratified
| by more than three-nttAs Of all the Not cast
\ Tor ana against the same at the munlciTal
/ election al Which tae SAID submission was
I made; and
Whereas said Board has not been able to
! sell said bonds because az the low rate OF IN
teresL and deems II ca nedient TO secure the
author " OF the voters Of stiQ district 10 issue
said bonds at higher rate of interest, and to
make the optional redemption ten, instead
OF five years as provided In the former proc
lamafieH:f
THEREFORE, BELT REsOU ed
that The Sehool District OF Martinsburg do
issue lis touGs, pursuant TO the auth1rity
vesie In tba board OF Edu@uou thereof py
an ACT of tie Legislature passed February
l2th, i9l5 20 The aggregate amount of sSO,SOO03
Tor The purpose OF paying existing indebted
ness hutlonE completing ehlHrg hg iemoael-
ing and furnishing schoo houses within said
district as follows. to-wit:
J, To build ard tHip new school house
on the rAird ward Scheol House Lot in said
district
. r. pay for the Addition made to the Col
ored senool House in tne Second Ward In
said strict:
q. 10 pay Tor The heating apparatus now
being installed IN the .Seeond and Fourth
" ard school Houses and Tor repai TO the
heating APP aratus already Installed in the
tith Ward school House. all III said district:
4, TO huilG an Annex 10 the High school n
the Third Ware in said district.
S. To hquiuate existing Indebtedness
whether by outstanding bonds or otherwise:
and
To pay tor any other improvements to
the school buildings or property in said dis
trlct deemed necess AIRY.
Said bonds shall be OF the denomination of
10000 each, payable in thirty years from their
date at the.otiice OF the sherlr, ex-oflco treas
urer 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 re redeemable al
the option OF the said Board at any time after
ZEN years from their date ut the maturity of
any interest coupou thereto annexed upon a
notice OF the intention SO to redeem being
published once a week for four successive
weeks in some newsp.ape published or of gen.
eIal crcu at ion In said county, and from the
date so fixed tor such redemption the interest
on such bonus shall cease SAID bonds sh- II be
executed by the President ofthe Board of I'd
ucation OF said district, its corporate seal be
thereto affixed attested by Its secretary, and
the interts coupons annexed thereto shall
bear the lithog raphed or engraved signature
of said secretary:they shaii be numbered FROM
one TO one hundred conseeutively,
.,l Sc tAtN hos oil Nv
provided by proper levy upon the taxable
property in said district for the collection OF a
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 and the same Is hereby
appointed as the day upon which an els elton
will be held in said district of Martinsburg to
decide whether or. not the voters thereof will
ralfy said action OF said Board of Education
and authorize the issue of said.bonds as here
in provided; and that this resolution, to-
gether with full accurate statement OF the
financiai condition Of said district rs shown
on the first day of July, 1907, be published
once week for four successive weeks in the
Martinsbulg herald, the Statesman-Demo-
crat, and the Evening Journal, newspapers
published in said district.
Said Financial statement is in words and
figures following, to-wit:
STATEMENT, JULY LIST, 1907.
in 1907, : ~ s5,O7s,7sO 6s
Two and one-half per cent,
thereofls l26,e6977
Bonded Indebtedness, 4 per cent. 2,5ol 90
Outstanding orders, per cent. $1,000
Outstanding orders pei cent. l,S65.00
Total Indebtedness 1851. 90
BUILDING FUND
Balance on hand July l, 1907, s2,s6i7S
Tween; y-two cent levy for 1917, n,l7S,53
DEDUCTIONS
Estimated expenses Tor year
ending June -, iso7 Sll.0S' 30
ga,auce s,G99.6l
TEACHERS FUND
Balance on hand juiy 1897, 657,6a
Tive ntS --eight cent levy Tor l5J ii.110.0l
state school rLnd ie3b.
DEDUCTIONS
Estimated expenses for the year
ending June 80 1897, Sl9,54.69
Balance tla-1S
BY order of Board Of Education OF the School
District OF Martinspurg. sept. 30 1877.
4. T. RUSSLER, Pres.
W. A. PIrZER, Sec.
BY order of Board Of Education of the
School District of Martinsourg.
Septf27, 1897.
w A PITZER, Sec.
A true copy: