The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-10-24


two hundred and Twenty-Five ( - 81,
both inclusive. ana issued in cons
forrnity with an ordinance OF said
City OF Clariksburg entitled An Or
dinance Providing Tor the Issue oil
Bonds, etc. adopted by the Council
Of said City OF clarlsburg on the
day Of. 1905.
In testimony whereof the said City
hath hereto affixed its seal and
caused this bond to be signed by its
Mayor and City Clerk.
Dated this first day Of January,
... Mayor.
....., City Clerk.
And the form OF said interest cou-
pons to be attached 10 said bonds
shall be the following. to-wit:
COUPON.
The City OF clarlssburg. West Vir-
ginia, viii pay to the bearer on jan
uary 1st, 49,, at the Empire Ma
tIonaI Bank of Clarksburg. at Clarks-
burg, West Virginia, Fifty Dollars;
being interest for one year on Bond
No.. for One Thousand Dollars, of
Water Works Improvement and
Street Paving Bonds
And said coupons shall have en-
graved thereon the fac sinfle sigma
lures of the Mayor and City Clerk of
the City of clarksburg.
Fourth: That as soon as practica-
BILE after the ratification of this or
dinance by a special election by the
qualified voters TO said City of Clarks-
burg as hereinafter provided for,
there shall be printed or autographed
bonds and interest coupons in the
form and numbers hereinbefore spec
flied and the bonds shall be signed
by the Mayor and City Clerk OF the
city and the seal of the city affixed
thereto, after which they shall he
49, tel too,
hereinafter created and authorized
thereto, and by said committee said
bonds shall be sold to the highest bid
der in writing, approved by said COM
nittee, for cash or its equivalent In
the bonds of the City of Clarksburg
of the issues of the years 1887 and
1896, and known, respectively. as
Water Works Loan and wafer
Works Improvement Loan" and the
bonds of the city of the issues afore-|
said received by the said committee
as proceeds of such sale together with
all such bonds purchasable by it with
proceeds aforesaid shall be cancelled
and retired. and all moneys arising
from the said sale of said bonds shall
be deposited in said Empire National
Bank of Clarksburg to the credit OF
said City, and shall be used and eX-
pended only for the purpose herein
before mentioned under direction OF
thereto. Before any sale of such
bonds shall be made notice of such
sale shall be advertised in some news
paper published in the City of Clarks-
burg for four weeks prior thereto.
and none of said bonds shall be sold
at less than par value.
Fifth: That Messrs. Edward ].
Wood, .........- ..-..'''..''
..... -
n
and taxpayers OF the City of ClarSs-
burg, be, and they are. hereby APP
pointed and constituted committee
of five to be known as the Bonds
and Water Works Commission
whose authority and duty 1t shall be
to supervise and direct the issuance of
said bonds, to conduct and consumate
the sale of the same IN the manner
lhereinbefore prescribed. to employ
such experts and engineers as they
may deem proper to prepare plans
and specifications for improvements
to the water works system, streets ara
sewers of the City of the character in
dictated herein. and to submit such
plans to the council of said city for
approval, to make all necessary con-
tracts FOR the installation and conn
pletion of such improvements accord
ing to the plans approved by such
council and supervise the execution
of such contracts and also to issue
vouchers for all work performed and
material furnished in accordance
with the terms of such contracts
so made. which vouchers after having
been approved by the. Council of the
City of ClarksburE. shall be paid by
the Treasurer of said city out Of
funds arising from proceeds of sale
of said bonds; and the members of
said Bonds and Water Works Com
mission shall continue to hold their
trusts, perform their duties and ex-
ercise the power aforesaid during the
time necessary for the issuance and
selling of said bonds together with the
discharge of the Indebtedness herein
provided to be paid. and during the
completion of the improvements here
IN provided for, and further at the
will and pleasure of the Council of
said City. And no part OF the assets
derived by the sale of said bonds shall
be paid out by the Council OF the
City of CIarksburE, or by any officers
of said City, without the previous APP
proval of said Bonds and Water
Works Commission.
Sixth: That the Council of the City
of Clarksburg, being of the opinion
that the maximum rate of levy for
taxes for municipal purposes within
said City prescribed by Section 3 of
Chapter of the Acts of the Legisla-
ture of West Virginia in the year
1908, will not produce sufficient funds
to pay the interest on the bonded in
dRhfednasS haraT,1 Craa tod