Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-01-21
a PROCLAMATION.

y
pissed an order and resolution pro-
Vldlng for the issuance and sale Of
coupon bonds OF said board OF edu-
caltE OF the district OF Beaver Pond
AZ Tie county of Mercer in the sum
OF one Hundred and Fifty Thousand
b"i1"ls (Sl0O,OOO). auu which order
GA resolution is in the words and
hgurcs following to-wit:
An order and resolution rroyidlng
LOT the Issuance and sale Df cannon
LORDS to the amount OF $3.50. 600 of
tne board OF education OF the district
81 beaver Pond I'm the county OF Mer-
Ger, Tor the purpose of building. com
f.'tHhB, enlarglng, repairing and fur
aIshlhg schoolhOuses I'm the CITY of
hl"eueId' municipal corporation.
situate within the said district of
hO"Ner POND in the county Of Mercer.
Whereas, The City of Bluefield is a
municipal corporation. situate i'm the
uistflct OF Beaver Pond. in the coun-
~ OF Mercer, West Virginia, having
az enumeration OF youth OF school
sSe OF over 300; and,
Whereas. 1t is necessary i'm orde-
10 properly provide, equip. furnish
ana repair the buildings necessary for
'ne use OF the free schools of said
city OF Bluefield to issue and sell cou-
pom bonds OF the said board OF educa-
tlCn OF the district OF Beaver Pond.
III the county OF Mercer, to the
amount of Sl50,O0O; and
whereas. Two and half percent
um OF the taxable property within the
sad district OF Beaver Pond. ascer-
lAned by the last assessment thereof
Tor state and county taxes. is i'm ex-
cess OF the said sum of S15O.OOO; and.
whereas, There is no existing in
deDtedness of the said board of edu-
cation Of the district OF Beaver Pond.
IN the county Of Mercer;
Now, therefore. be 1t ordered and re-
solved by the board of education of
the district Of Beaver Pond. i'm the
county of Mercer, as follows:
Section l. That coupon bonds of
the board of education OF the district
OF Beaver Pond, i'm the county of
Mercer amounting i'm the aggregate
10 the sum of 100000, be issued for
the purpose Of building completing.
enlargng, repairing and furnishing
schoolhouses within the city OF Blue
held, In the district Of Beaver Pond.
IN the county OF Mercer; of which
sum Of $4,000 there is hereby ap-
propri@ted for the purpose of build
ing, completing and furnishing. with
In the said city of Bluefeld, in said
district OF Beaver Pond, in the county
of Mercer, a high school building, the
sum Of $125,OOO; and of which sum
Of $4,000 there is hereby appro-
priated for the purpose of building.
completing and furnishing a school
building for the use of the white pu-
pills within the said city OF Bluefield.
In the east end OF said city, the sum
OF $4,000; and Of which sum of $780,
600 there is hereby appropriated for
the purpose of building, completing
and furnishing a building for the use
Of white pupils, on the north side of
the Norfolk * Western Railway Com
pany's tracks, i'm the west end of
the said city Of Bluefeld in the said
district Of Beaver Pond, the sum of
$4,000; and of which sum of $50. 900
there is hereby appropriated for the
purpose of building, completing and
furnishing a building for the use of
colored pupils, said building to be
located on the north side of the Nor
folk q Western Railway Companys
tracks, in the, west end OF the said
city of Bluefeld. in said district of
Beaver Pond, the sum of $4,000; and
OF which sum OF $150,000 there is
hereby appropriated for the purpose
of building completing and furnish
ing building for the white pupils,
said building to be situated on the
south side of the Norfolk & Western
Railway Company's tracks, in the
west end of the said city of Bluefield
i'm said district of Beaver Pond, the
sum of $4,000; and of which sum of
S150,000 there is hereby appropriated
for the purpose Of building. complet-
I'M F,,,. tel.
white pupils, said building to be sit
uated in what is known as Alifftown.
i'm t'.e said city OF Bluefleld. in the
said district of Beaver Pond, the sum
Z $1,000; and of which sum Of $780,
600 there is hereby appropriated for
the purpose Of repairing, altering, re-
modelling and refurnishing the school
buildings already constructed in the
said city of Bluefeld, In said district
Of Beaver Pond the sum of 10000.
Section 2. The said bonds shall be
coupon, interesting bearing bonds at
the rate of 6 percentum per annum,
payable twenty years after date in
legal tender gold coin Of the United
States Of America, and the interest
thereon shall be payable annually i'm
legal tender gold coin of the United
states OF America on the 1st day Of
March Of each year.
Section 3. The said bonds shall be
publicly sold to the highest bidder in
writing, to be approved by the said
board Of education of the district of
Beaver Pond, i'm the county OF Mer-
GER who shall conduct the sale there
Of for cash and shall not be sold for
less than their par value.
Section e. Before the sale of the
said bonds the time, place and terms
of sale thereof shall be advertised in
some newspaper published In the city
off Bluefeld. for at least four weeks
previous to the date of sale.
Section % The said bonds shall be
of the denomination of 500 each. or
of any multiple thereof, as the said
board Of education may deem best
and most conducive to the best pos
siDle sale thereof.
Section g. The said board Of edu-
cation OF the said district of Beaver
Pond in the county Of Mercer shall
annually make levy for a sufficient
amount t0 pay the interest ON said
bonds, as the same shall fall due, and
shall also create a sinking fund,
which Will De sufficient for the pur-
pose of liGuJating and paying the
whole amount of the principal Of said
bonds. when they shall become due
and arrive at maturity. as aforesaid.
and f.r the raillng of said funds for
the purpose aforesaid, the rate Of
t3Eafon may be increased not ex-
runHiug the limit prescribed bv law