Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1908-10-16
TAKE NOTICE:


ings Of The Board of Education Of the
Independent District of Martinsburg.
in trs county of Berkeley, State of w.
Va ~gfTngst other things, shows the.
folio II proceedings and order had
and n de at a regular meeting Of the
Board held at its recm ia the Second
Ward school house in Martinshurg, in
said county, on the evening Of October
18th. 1908, st which meeting quorum
was present and participating, to-wit:
I'm the matter of the issue of bonds
OF The Board of Education of the In
dependent District OF Martinsburg, in
the county OF Berkeley, State of w.
Va, Pursuant TO the provisions of
Chapter 81 of the Acts Of the Legisla-
ture Of w. Va, Extra SESSION. for the
year 1908, for the purpose of building,
completing, repairing and furnishing
school houses in Martinsburg, in said
district.
1t appearing from the increased at
tendance upon the public schools in
said district by reason of the enforce
nent of the compulsory school law and
other moving causes that the Board Of
Education has pressing need for new
modern school building in the Third
Ward in the town of Martinsburg, in
said district and en- lArged and inn prov
ed facilities for the education, comfort
and convenience Of the youth of school
age attending the High School, and
the ward schools in the Fourth and
Fifth Wards respectively of said town,
and that there 10 no money available
for the purpose;and 1t lrthsr appearing
that Chapter q Of the Acts of the Leg
islature of w. Va, Extra SESSION. COR
the we ar 1908, csnfers upon boards Of
education the power to borrow money
and issue bonds therefor for the pur-
pose of building, completing, enlarg-
ing, repairing and furnishing schoo!
honses IN any district or independent
district wherein there is town or city
with an enumeration OF youth of school
age af three hundre or over; and it
further appearing that the said town
of Martinsburg Is EN- braced within the
limits Of said district, and has an
enumeration OF youth Of school age or
mere than three hundred. and comes
within the purview of such statute: IT
is TIL EREFORE ORDERED that The
Board of Education of the Indepsn-
dent District of Martinsburg. i'm the
county Of Berkeley, State of West Vir-
ginia, in pursuance Of the authority
vested in it by said statute, do borrow
and issue bonds therefor the sum of
$4,000 fer the purpose of building,
completing, enlarRing, repairing and
furnishing school houses III said town
and district as hereinafter more par
ticu.aIly set forth.
And to provide more definitely con-
corning said bonds i is further order
ed:
l. They shall be one hundred in
rumber Of the denomination of five
hrndred dollars each, and numbered
from one to one hundred ,consecutively,
aking the aggregate Of fifty thousand
dollars in all:
2. They shall bear date on II
Fl rsf day of January. A. d. 1909, and
be pSyaoIe on the first day OF January,
A d. 1913, at the Citizens Nation al
Ba,tof MartinsburE, w. Va. in Mar
tInsburg and shs II bear interest from
their date at the rate of five
per centum per annum; they shall
have coupons thereto attached for the
payment of the interest thereon semi
annually, at The SEINE place, on the
first day of July. 1909, on toe first day
of January, 1910, on the first day of
July 1910 ard SO en- for each
succeeding year until the bonds ma
ture, unless sooner redeemed or can
celled pursuant to law.
8. They shall be payable to bearer
by ''rhe Board of Education of the In
dependent District Of Martinsburg, in
the county of Berkeley" State Of West
Virginia, and shall be signed by the
President and Secretary, respectively,
of said Board, and its corporate seal
shall be thereto affixed; and the in
terest coupons shall be likewise 30 pay
able, and bear the engraved or printed
signature of said secretary.
A. They shall refer ON their face
to the Act of the Legislature of WA.
under which they are issued, and con-
tain reservation of the right of said
Board to pay and redeem the same, or
any one or more of the same, after ten
years from the date of issue as pro-
vidsd by this order, and also a state
meDt to the effect that adequate pro-
vision has been made for the collection
of direct annual tax sufficient to pay
annually the interest thereon and the
principal thereof within and not ex-
ceeding thirty-four years.
5. They, or certain of them, shall
be liable TO redemption after ten years
from tnelr uale at tHe Optlon Oh Salu
Board and to provide for such redemp-
ton there shall be included in the
annual levy for school purposes in said
district special bond levy, commence
ing-with the year 1909 and continuing
each year thereafter until the bends
are all paid, the sum Of fifteen hun
bred dollars which shall constitute n
sinking fund for the payment Of the
principal of said bonds, and which
fund shall he invested under the di
rection of said Board until the LIST. day
Of January, 1919 at which time the
same shall be applied by said Board to
the redemption and payment of bonds,
beginning and continuing with those
csming first in the order of numbers;
there shall be included in such levy
sum sufficient TO pay the interest upon
such bonds as the same may become
dine and pavahte Under the arders of