The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1908-06-18
Mayors Proclamation for Special
Bond Election to be Held July 9th
1908.
SPECIAL BOND ELECTION

l9U8.
SPECIAL BOND ELECTION.
NOTICE is hereby given that the follow
ing ordnance was passed at the regular
meeting of the Common Council of the
City OF Charleston, West Virginia, held
al the City Hail In said City on Thurs
day, the 2Ist day of May, IeoS, and pub
LEGATION resting said ordnance is hereby
made as required by law, towit,
An ordnance providing for the issue of
per cent interest bearing bons for the
City OF Charleston, West Virginia, of
the par value and to the amount If
$500, 900 90 for the purpose of grading.
paving, sewering and otherwise inn
proving the streets and alleys of said
City of Charleston
Be it ordained by the Common Coun-
Gil OF the City of Charleston;
Sec l. That pursuant to Chapter of
the Acts OF the Legislature of West Vir-
gina, OF the extra session of 1908, the
bonds of the City of Charleston, West
Virginia. be issued for the purpose of
grading, paving, sewering and otherwise
improving the streets and alleys of said
City OF Charleston, said bonds to be is
sued by the Council, at such times as to
the Council of said City shall seen fit
during the ensuing year ending on the
hrst day OF July, 1909, to an amount not
e1eeeaing IN the aggregate: during said
w.
sec. ?. Said bonds shall be of the de-
nomination of $4,000 and of multiples
thereof and shall bear interest at the
rate OF 8 per cent per annnm, PAYABLE
annually at Chase National Bank, in the
City of New York and SAID bonds shall
mature and be payable in not exceedine
10 yesrs from date; but the right is re
served by the Common Council of the
City OF Charleston to pay the said bonds
or either of them at any time after one
year from date by payment of the bond
or bonds and any accrued. interest cou-
pons.
Dec. 5. The proceeds of sale of said
bonds shall be applied in the manner
and tor the purposes set out in Sec of
| this ordnance.
Sec. d., Said bonds shall be sold a,
not less than their par value but when
sold 1t shall be at public sale as provided
by this ordnance, and by the laws of the
State of West Virginia. in force govern
ing the same, to the highest bidier in
writing for cash. And before any sale
t 81 s1ch n. bonds said sale shall be adver-
USED IN some convenient newspaper
published Ill the City of Charleston at
least tour weeks previous to such sale.
nor shall said bonds be issued or sold
until this ordnance shall have been pub
nsheo IN at least two newspapers of
general circulation in the City of Charles
ton once week for two successive week $
and until all questions connected shall
have been first submitted to the qualified
voters of the City of Charleston at a
special election held for that purpose
only, and shall have received IS of ali
votes cast for or against the same,
Sec. S. Said bonds shall be e.e,,nt
from municipal taxes of the CITY of
Iharleston, winch fact shall appear on
contract with the holder thereof.
Sec. E. A direct annual tax sufficient
n
and the principal thereof created by the
| Issue and sale of said bonds within 10
years Is hereby levied against the person
al property OF the City Of Charleston for
inc purpose OF paying the annual interest
when due and to provide sinking fund
with which to pay the principal Of said
bonds. And the sum of Eighteen Thous-
ana Dollars or an amount equal to at
least per cent of the total amount of
ponds issued under this ordnance, out of
therefrom, by the City of Charleston. to
pay the first annual interest on said
ponds and like sum of Eighteen Thou,
anu DollarS, or an amount eqnal to at
least per cent of the total amount of
bonds issued under this ordnance. is an
propriated from the revenues of the civ
OF Charleston for each wear said bonds
Shall run to pay the annual interest
thereon as the same shall fall due. and
the sum OF Thirty Thousand Dollars. or
AZ a!hou1ll equal TO at least 10 per cent
OF the total amount of bonds issued
under this ordnance, is hereby appro
pT1ated cut of the levy of leoe, or money
derived therefrom, by the CITY of
Charleston, to be placed in sinking
lund by the Treasurer of the CITY OF
Sharlestrn. and like sum of Thirty
thousand Dollars, or an amount equal to
at lest 10 per cent of the total amount Of
ponds issued under this ordnance, is an
appropriated from the revenues of the
Sity OF charleston for each of the years
SAID bonds shall run to be placed in said
sinking fund until the amount shall he
sufficient to pay the principal of said
dept represented by said bonds
Sec The Mayor of the CITY of
Charleston shall. as soon as this ordnance
shall have been regularly adopted by the |
sald Common Council at a regular meet
ing thereof. Issue his proclamation in |
manner and form as required by law re-
citing this ordnance, designating the 9th |
DAY OF July 1908 as the day upon which |
special election shall be held for the
FOREGOING purposes only The said
proclamation shall specify the aggregate
amount of the Indebtedness of said citv