The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1909-01-04
sPECIAL BOND ELECIIOn
mayors FIfOCflaNAIfON F1R
sfteIaIl bond ELECTION
no BIZ HELD JAN s.
C.aRY -. 1909.

- NJ AAAaAsIAt 81 y n NJ ea
ARK 10. 1909.
-Souiees s hefepy given hat the fol-
lowing Ordinance vas drly passed an
enacted AZ a regular meeting 81 the
City Council for the CITY OF yiarks-
burg, West virginia, held al The
council chamber in sad elty on the
Attn day Of December; 1908. and
proclalnaflon pursuant to said ordi-
nance Tor 2 special election to be held
taerennueF Feeitlng said ordinance as
required by Law Is here made.
ORDINANCE.
An ORDINANCE PROVIDING FOR
THE slSS uE OF BONDS BY THE
CITY : OF CLARKSBBRG AND
THE SALE or THE SANE. TO
PROVIDE FUNDS TO BE USED
FOR THE PROPOSES FOLLOW
ING. TosWITs
% TO, IMPROVE AND EXTEND
+ THE PRESENT CITY WATER
WORKS SYSTEM. 10 THE
AMOUNT OF SEVENTY THOU.
SAND 40, 100000 DoLlARS;.
AND ~ no IMPROVE AND Elk
TEND THE SEWER SYSTEM OF
THEfCITY TO THE AMOUNT OF
FIFsf 7. THOUSAND $3.50 100000
DOLLARS, MAKING ATOTAL OF
ONE HUNDRED AND TWENTY
THOUSAND tS120, 000.00J DOL
LARS FOR SAID PURPOSES
AND ALSO PROVIDING FOR
!. THE APPLICATION OF THE
PROCEEDS THUS DERIVED TO
TILE PURPOSES AFORESAID.
WHEREAS, The Council OF the
Cttty OF Clarksburg ind IT necessary
and e&pedlent for the comfort, heath
and Yeii-belng OF The people OF the
|City,to improve and extend the pres
ent water works system, and TO ex-
tend and improve the sewer System
OF the City. and,
s WHEREAS. 1t is not possible TO-
provide sufficient funds for said pur-
poses, within the period In which
same are required; by annual levies
on the taxable property IN said city
within the limits prescribed By law
for leyies and assessments for muni-l
cIpai purposes. and the only lawful
manner In which such necessary funds
for said purposes can be procured Isl
by the issue and sale of the bonds Of
the City IN pursuance Of the Statutes
OF the State of West Virginia in such
cases made and provided:
THEREFORE,. BE IT ORDAINED
by THE COUNCIL OF THE CITY
OF CLARKSBURG:
FIRST: That, In order 20 procurei
funds TO the amount OF one hundred
and twenty Thousand ($120, 000, 00J
dollars. to be expended for the pur-
poses following, .to-wIt. Cd To Inn
prove ana extend, the present city
water works system TO the extent of
seventy thousand ESQ. 000.O0) dol
lars; and ~ To Improve and extend
the sewer system OF the City to the
amsunt OF fifty thousand $780,
OOO.001 dollars;, making . total of
one hundred and twenty thousand
G$l20, 100000 dollars for said pur-
poses, the City OF Clarksburg to Is
sue single series of Its bond, 10 be
known as the Wafer Works I'M
proyement and Sewerage Bonds" OIL
the denomination OF one thousand
Isl, 100000 dollars each. to be num-
one hundred and twenty il20), both
inclusive, and Of the aggregate
amount of one hundred and twenty
thousand (S12O,OO0.00l dollars,
bearing date on the FIRST day Of
March, 1908, and payable 10 bearer
on the first day of March. 1889. la
gold coin of The United States. OF the
present weight and standard of fine
ness. at the Empire National Bank of
ClarksJurg. at Clarksburg. West vir-
ginia, and Soaring interest at the rate
OF five To- per centum per annum
from the date thereof until paid,
such interest being payable annual
ly on the first day Of March OF each
year Said bonds shall be signed by
the Mayor and ny the City Clerk OF
said City Of Clarksburg and shall
have affixed thereto the seal OF the
said City Of ClarkShurg. and interest
coupons for each interest payment.
bearing engraved fac smile sigma
lures of the Mayor and OF the City
Clerk OF said City. shall be attached
to each OF said bonds. The wiiuie
series Of said bonds, and every part
thereof, shall be subject to call and
redemption at the price OF par and
accrued interest TO the date of such
call then unpaid, on any interest day
subsequent TO the first day of March,
1919; Provided. however. that the
bonds 10 be so redeemed shall be
selected by lot and the right to re-
deem shall Zoe exercised by the City
only after due notice TO the holder or
holders thereof, either In person or
by publication for four weeks, in some
newspaper published in the City OF
Clarksburg, Of the desire OF the City