The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1908-06-24


GRAFT bissfirt, held on HE ID day OF |
Jsine. 1906. The toilo,.ihs order Wasl
made and adcpted BY tho R6Ssd,
pon mutton Of Com ssloner Geo
sssn,ing the follow wing res luti ION
conid ered ordered and adopted
e Board, that is To say;
ss hefeas There ~ 81 taate Thin
rfits district Of Grant. the town sof
lionpngah and tn town of liners.
sille.. ed Oh got hieh said towns #har,
ing IAN enumeration5o OF youth OF school
sageN OF three hundrs and over, to-
wit, the town Of n onongah three hun.
bred and Six and the town OF Miners.
vile three hundred and four; and
Whereas. BY: virtue = OF ectlon 80 OF
Chapter 81 Of the acts OF the Legis-
llature or West Virginia, of the Extra
ordinary Session OF sos, this board Is
given power and authority in such
cases to provide for building, complet-
Ing. enlarginE. repairing or furnish.
Ing school houses In such towns. by
issuing bonds OF the district therefor!
after the same shall have been duly;
authorized BY the y oters OF the dis
trict at an election to be held for that
\ purpose. as provided for In said sec
ton and ;t3,, y "a
4 Whereas, It appears to the board
that necessity now exists for new.
school building at each of The afore-
said towns. for the Accommodations
Of the enumerated youth therein, re-
spectively. Es aforesaid and that the
location and plan for each Of said pro-
posed new buildings has been APPROX.
ed by Carter L. Faust, the county su-
lperintendent Of schools OF Marion
i county; and I; laS5 Ri &
4 Whereas. The board has ascertain
ed that the estimated cost of said
two buildings will amount to at least
the sum of s25. 10000. which amount
the board determines will be neces-
sary to build and complete and furnish
4 The same; and ~. 55.53
Z Whereas. The board has nscertain.
I'd that the present existing indebted
ness Of this district together with
said s25.oo0.00 proposed to be expend-
/. ed in erecting and completing said
! two new buildings, in the aggregate.
does not exceed two and one.half per
. centum OF the value OF the taxable
property in this district. as shown By
the last assessment for State and
county taxes previous hereto: and
Whereas, The amount OF taxes de.
rived from current taxes and levies
upon the taxable property Of the dis
trict for State and county purposes lis
insufficient to provide for the pny-
ment OF said proposed new buildings
Therefore, upon consideration
whereof. be 1t Reolved, and It is here
By ordered blythe Board OF Education
of Grant district. subject to the vote
of the qualified voters! OF the district.
that the said board Issue and sell
/ BONDS of said Grant district. to the
amount. in the aggregate, of 100000,
for the purposes aforesaid.
Resolved further. That said bonds
: shall be issued in amounts and de.
, nominations Of $4,000 each, and shall
be numbered from one to fifty. both
!, lincluslve: md shall bear date the. LIST
dny OF July, 1905. and shall ben. In.
: terest from date at the rate of G per
3 centum, payable sem!-nnnually. Each
of said bonds shall have attached
thereto interest coupons for the
j, amount OF each six months interest
{ payment, the said bonds and interest
!, coupons to he signed by the board OF
education Of Grant district by ita
: president ant secretary; and said
bonds shall be; payable in thirty.four
! years, but shall contain the provision
Z that the Board Of Education shall have
+, the right at any time after three
years to call in. pay on and redeem
4 any or NIL of said bonds and thereby
) further liability arising from said
relieve itself and the district of :any
! bonds 30 paid on. discharged and re
deemed. Any Of said bonds which