The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1908-10-29
Is Being Prepared for by the
City Council for I'm
preyements.
FIRST ACTION TAKEN

ACTION TAKEN
And Final Action Before the
Special Election Will Be at
Next Regular Meeting.
The city council, at a special session
Friday night passed the, following or
dinance, pertaining to bond .elec
ton for. street and sewer improve
ments as follows. upon its first read
Ing. by unanimous vote, ana it will
come up for final adoption at the next
regular greeting, which will be Fri
day night, November g.: 81
AN ORDINANCE providing for the
issue OF bonds by the City OF
Clarksburg. and the sale Of the
same, to provide funds to be
used for the purposes following, to-
wit: "a To discharge and retire
bonds of said city issued In the
year 1887 known as the Water
Works Loan" amounting to thirty
eight thousand four hundred cas-
4001 dollars; (2) To discharge and
retire bonds of said city issued in
the year 1896, known as the Wa
ter Works Improvement Loan"
amounting to ten thousand no.
ooo) dollars; (3) To improve and
extend the persent city waite,
works system to the extent OF one
hundred and ten thousand (110,.
0o0) dollars: ca To pave and i'm.
prove the streets OF the, city to the
extent of twenty-six thousand and
six hundred (26.600) dollars; and
cd To improve the sewer system
OF the city to the entent of fort,
thousand 100000 dollars. makine
a total of two hundred and twenty.
five thousand t225. 000) dollars TO,
said purposes, and also providing
for the application OF the proceeds
thus derived to the purposes afore-
said.
Whereas. The Council Of the City
OF Clarksburg find II necessary and
expedient for the comfort, health
and vol well-being of the people OF
the city to Improve and extend the
present water works system, to re-
pair and pave additional streets and
to extend and Improve the sewer sys-
TEN of the city. as wen as to dis
charge and retire the bonds Of the
City Issued in the years 1887 and
1896 for the construction and i'm
provement OF It's water works sys-
TEN. and
Whereas. 1t is not possible to pro-
vide sufficient funds for said pur-
poses within the period In which
same are required by annual levies
on the taxable property in said city
within the limits prescribed by law
for levies and assessments for munic.
ipal purposes, and the only lawful
manner in which such necessary funds
for said purposes can be procured is
by the issue and sale of the bonds OF
the city IN pursuance Of the statutes
of the State of West Virginia in such
cases made and provided:
Therefore, be 1t ordained by the
Council of the City of clarksburg:
First: That. in order to procure
funds to the amount of two hundred
and twenty-five thousand (225, 000)
dollars, to be expended for the pur-
poses following, to-wit: as To dis
charge end retire bonds OF said city
issued In the year 1887. known as the
Water Works Loan" amounting to
thousand and four hun
drcd (ss,4 1000 dollars; CO To dis
charge and retire bonds of said city
issued in the year 1896. known as
the Water Works Improvement
Loan" amounting to ten thousand
dollars; (3) To improve
and extend the present city water
works system to the extent of one
hundred and ten thousand (110.0O0)
dollars; (4l To pave and improve
the streets. of the city to the extent OF
twenty-siN thousand and six hundred
(26,600) dollars. and (5) To inn
prove the sewer system of the city
to the extent of forty thousand
100000 dollars, making total of
two hundred and twenty-five thous-
and dollars for said purposes. the
city of Ciarksburg do issue a single
series Of it's bonds, to be known as
The Water Works Improvement and
Street Paving Bonds of the denom-
nation OF one thousand d.0o0) dol
lars each. to be numbered consecu-
lively from one 90 to two hundred
and twenty-five t225), both inclusive,
Ind of the aggregate amount Of two
hundred and twenty-five thousand
t225,ooo) dollars, bearing date on
The first day OF January. 1909. and
payable to bearer on the first day of
January. 1899. in gold. at the Empire
National Bank OF Clarksburg. In
West Virginia. and bear
ng interest at the rate Of FIVE t5)
Der centum per annum from the date
hereof until paid. such interest be-
ng payable annually on the first day
u January of each year. Said bonds
hall be signed by the mayor and by
aft.. ..la,f4 -. - 49,.