Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1907-10-05
Proclamation to the Voters Of tn
School DistriSs Of MartinsnGra.
Notice OF Bond Issue.


Whereas thore is urgent need Of ad
ditional accommodation for the chill
dren Of school age in the city Of Mar
tirshurs. Berkeley county, West Vir
ginia. and,
Whel cas- the value OF the taSah 9
property in the school district Of Mar
tinsburg, in said county. ascertained
by the assessment for state and coun-
~ taxes for The year 1907 was So
07S, 790G3, ard the bond issue here
in contemplated, together with exist
ing Indebtedness. does net IN the
aggregate exceed two and cne-hah
per centum on the value Of such prop
erty as provided By law. and
Whereas, the Board Of Education OF
said district pursuant 20 an Act Of
the Legislature of West Virginia,
passed February u. 1907 did, on the
| 9th day OF May. 1907, submit fol
ratification to the voters CT said dis
trict a proposition to Issue bonds to
the amount CT $4,000 bearing Inter
est al the rate OF four per centum per
annum for the purpose of paying ex-
/ listing Indebtedness, building. complet-
i ing. charging, remodo,ing and fur
nishing school houses within said
district, and whereas said proposl
ton was Suly ratified by more than
/ three-fifths of all the votes cast for
and against the same at the municipal
election at which the said submission
was made: and whereas said Board
has not been able to sell said bonds
because Of the low rate of interest.
and deems it expedient 10 secure the
authority of the voters of said dis.
trict to issue said bonds at higher
rate of interest and to make the op-
tional redemption ten, instead of five
years as provided IN the former pro.
clamatlon
Therefore he Il Resolved, That the
School District Of Martinsburg do is.
sue its bonds, pursuant to the author.
ity vested in the Board Of Education
thereof by an Act of the Legislature
passed February II, 1907, to the az
gregate amount of S50.000.00 for the
purpose of paying existing indebted
ness, building. completing, charging
remodeliag and furnishing school,
houses within said district as follows
to-wit:
l. To buid nd equip a new sehoo
house on the Third Ward Schoo
House Lot In said district.
) 2. To pay for the Addition made I,
the Colored School House In the Sec
. ond Ward ia said district
3. To pay for the heating apparatus
now being installed In the Second anc
Fourth Waad School Houses and fol
repairs to the heating apparatus al
ready installed ms the Fifth Ward
School House, al in said district
a. To build an Annex TO the Higl
School in the Third Ward in sale
district
5. To liquidate existing indebted
mess whether by outstanding boads O
otherwise; and
s. To pay for any Improvements {,
THE school buildings OF property Ii
! said district deemed necessary.
Said bonds shall be of the denomi
: nation OF $4,000 each. payable In 9
. years from their date at the ofic
of the sheriff ex-officio treasurer o
said county, with interest thereon
from date at the rate OF FIVE per cent
um per annum payable semi-annual,
IIupon presentation at said office o
the proper coupon thereto annexed
provided, however. that said bonds, OF
any OF them. she'll be redeemabe a
the option Of TIE said board at any
time after ten years from their date
at the maturity OF any interest coupon
Thereto annexed upon notice OF the
Intention so TO .edeem being publish
ed once week for four successive
weeks in some newspaper published
or of general circulation, in said coun
: ~, and from the date so fixed foi
such redemption the interest on such
bonds shall cease. Said bonds shall
be executed by the president of the
Board OF Education of said district
it's corporate seal be thereto affixed
attested by its secretary. and the in.
terest coupon annexed thereto shall
bear the Autographed or engraved
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