Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-01-14
A PROCLAMATION.

~ NoN vi tSVN. duly
passed an order and resolution pro-
viding for the issuance and sale of
coupon bonds OF said board OF edu-
cation of the district OF Beaver Pond
IL the county OF Mercer i'm the sum
OF One hundred and Fifty Thousand
DollaIs t$l50,O0O), ana which order
snd resolution is In the words and
figures following. to-wit:
An order and resolution providing
Tor the issuance and sale OF coupon
bords TO the amount of $l5O000 OF
the board of education OF the district
CT Beaver Pond in the county OF Mer-
Ger, for the purpose of building. COM
pleting. enlarging, repairing and fur
Wishing schoolhouses in the city OF
Biueheld, municipal corporation,
situate within the said district of
Beaver Pond in the county OF Mercer.
whereas, The City OF Bluefield Is n
municipal corporation, situate I'm the
district OF Beaver Pond. In the coun-
" OF Mercer, West Virginia, having
an enumeration of youth of school
sge of over 800: and,
whereas, IL is necessary I'm orde.
to properly provide. equip. furnish
and repair the buildings necessary for
the use OF the free schools OF said
city of Bluefield to issue and sell cou-
pom bonds of the said board OF educa-
ton of the district of Beaver Pond.
in the county OF Mercer. to the
amount OF $i50.000: and.
Whereas. Two and n half percent
um OF the taxable property within the
said district OF Beaver Pond. ascer-
tanned by the last assessment thereof
for state and county taxes. is In eN-
cess of the said sum OF $l50000: and.
Whereas, There is no existing in
debtedness OF the said board OF edu-
cation OF the district OF Beaver Pond,
I'm the county OF Mercer;
Now. therefore, be IL ordered aud re-
solved by the board of education OF
the district of Beaver Pond, I'm the
county OF Mercer. as follows:
Section 1. That coupon bonds of
the board of education OF the district
of Beaver Pond, in the county of
Mercer, amounting I'm the aggregate
10 the sum OF $l50,000. be issued for
the purpose OF building. completing
enlarging, repairing and furnishing
schoolhouses within the city of Blue
field, In the district of Beaver Pond,
I'm the county OF Mercer: OF which
sum OF $150000 there is hereby APP
propriated for the purpose OF build
Ing, completing and furnishing, with
I'm the said city of Bluefield. in said
district of Beaver Pond, in the county
OF Mercer, a high school building, the
sum OF $125,000: and OF which sum
OF $150,000 there is hereby appro.
priated for the purpose OF building
completing and furnishing school
building for the use OF the white pu.
pills within the said city OF Bluefeld
In the east end of said city, the sum
OF $4,000; and OF which sum OF $780,
900 there is hereby appropriated foi
the purpose OF building, completing
and furnishing a building for the use
of white pupils, on the north side of
the Norfolk e. Western Railway Com
pany's tracks, In the west end OF
the said city OF Bluefield, In the sale
district OF Beaver Pond, the sum O.
$4,000; and of which sum of $15O.00C
there is hereby appropriated for tho
purpose OF building, completing anf
furnishing a building for the use oil
colored pupils. said building TO b,
located on the north side OF the Nor
folk e. Western Railway Company
tracks. in the west end of the said
city OF Bluefield, in said district OF
Beaver Pond, the sum of $4,000; anC
of which sum OF $150,000 there Il
hereby appropriated for the purpose
OF building. completing and furnish
ing a building for the white pupils
said building to be situated ON the
south side OF the Norfolk a. Western
Railway Company's tracks, in tho
west end OF the said city of Blueiield
In said district OF Beaver Pond tho
sum OF $4,000; and of which sum OF
$150,000 there Is hereby appropriated
for the purpose OF building. complet
ing and furnishing a building for
white pupils, said building to be sit
uated In what is known as Alifftown
in the said city OF Bluefeld. in thu
said district of Beaver Pond the sun
Of 81 900; and OF which sum OF $50.
900 there is hereby appropriated foi
the purpose OF repairing, altering, re.
modelling and refurnishing the schoo
buildings already constructed in tho
said city OF Bluefield. In said district
OF Beaver Pond. the sum OF $4,000
Section 2. The said bonds shall be
coupon, interesting bearing bonds al
the rate OF percentum per annum
payable twenty years after date In
legal tender gold coin Of the UniteC
States OF America, and the interest
thereon shall be payable annually IN
legal tender gold coin Of the United
States OF America on the LIST day Of
March OF each year
Section 3. The said bonds shall be
publicly sold 10 the highest bidder In
writing, TO be approved by the said
board OF education OF the district Of
Beaver Pond, IN the county Of Mer-
Ger. who shall conduct the sale there
OF for cash and shall not be sold fOI
less than their par value.
Section 4. Before the sale OF the
said bonds. the time. place and terms
Of sale thereof shall be advertised in
some newspaper published I'm the city
Of Bluefield, for at least four weeks
previous TO the date Of sale.
Section 3 The said bonds shall be
OF the denomination OF 800 each. or
OF any multiple thereof as the said
board Of education may deem best
and most conducive TO the best pos
sible sale thereof
Section 8. The said board Of edu-
cation OF the said district OF Beaver
Pond. I'm the county Of Mercer. shall
annually make o levy for q sufficient
amount 20 Pay the interest on said
bonds. as the same shall fall due, and
shall also create a sinking fund.
which will be sufficient for the pur-
pose of liquidating and paying the
whole amount OF the principal Of said
bonds, when they shall become due
and arrive At maturity. as aforesaid.
and for the raising Of said funds for
the purpose aforesaid. the rate Of
taxation may be increased not ex-
ceeding the limit prescribed by law.
Section The amount of thn levy