Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1909-12-04

4
and pay over TO the City OF Martins
lburg, when demanded, all funds. Sc
lcurfties and moneys intrusted to them.
Whenever either OF the Commissioners
shall yacate their office by reason of
death, resignation, removal from the
city or any other cause, the Mayor
shall Immediately nominate his success
sor to the Council, which nominations
shall in all respects and the confirma-
ton thereof be made as provided in
lsection thirty-one, article nineteen.
chapter six of the Acts of the Legisla-
lture of West Virginia, Of 1909. The
bonds given as provided in this section
shall be approved by the Council; the
amount OF such bond shall be fixed and
etermined by the Council from time to
time. The premium upon the bonds
shall be paid by the City of Martins
burg and the Board of Affairs are
hereby authorized to pay such prem
/ ium upon the bonds that may be given
/ by the said commissioners from time
to time
! Sec. 4. The said sinking fund here
after provided for shall be kept by the
commissioners for the purpose for
which the same is levied and collected
after being paid over to them, and
they shall pay such part thereof, or
all OF it, only upon the special war
rant of the Board of Affairs directed TO
them and specifying that the amount
/ is to discharge so much of the princi-
/ pal Of said bonds, when the amount
| therein specified shall be paid to the
| treasurer Of the City of Martinsburg,
for the purpose of discharging the
principal part of it, of said bonds.
| The commissioners shall make re-
port in writing to the Mayor OF the
| City of Martinsburg at least once in
each year which report shall embody
all things done by them during the
preceding year The report when
made shall be transmitted by the May
/ or to the Council of the City OF Mar
tinsburg.
Sec. 5.-That the maximum rate
of levy which the council of the City
OF Matinsburg may now levy for gen
eral purposes under the Charter OF
the City OF Martinsburg will not pro
duce suffic ent funds 10 pay the inter
est on such bonded Indebtedness here
by created and provide sinking fund
thirty-four years. That sinking tuno
be created for the redemption OF SAID
bonds and that rhe Council shall pro-
vide for the collection OF direct an
nual lax to pay annually the interest
on said bonds and the principal there
OF at maturity, and for that purpose
may direct a rate o. levy each year up
to an amount of five cents, which rate
of levy may produce sufficient funds
necessary in each year to pay the in
terest and 10 provide such sinking
fund; but before the Council shall
make an additional levy. majority
Of the votes cast for and against SAID
levy as provided in the succeeding
section shall be in favor of such au-
thorization.
Sec. 6.-The Mayor shall issue a
proclamation reciting this ordinance
and appoint day on which an cleo
ton shall be held by the qualified vot-
ers of said city to determine whetn-
err they shall reject or ratify this ordl-
nance: and he shall also specify in
said proclamation the aggregate
amount of Indebtedness Of the salo
city issued. authorized and existing at
the date of the proclamation. This
proclamation shall be published in all
the newspapers published in the CITY
of Martinsburg, at leas. once week
for four successive weeks, the nrsl
publication thereof being at least thr-
tv DAVIS before the date fixed FOR such
special election, and such proclama-
ton shall De posted at he same time
at the front door of the County court
House of Berkeley County, West VIZ
ginia, and at the front door OF the CITY
Hall OF Marsinsburg, West Virginia,
and at place within each voting pre-
cinct TIE Mayor may designate Inc
said election shall be held and con-
Quoted in the same manner as other
municipal elections OF said city are
held. and all persons qualified TO voc
at such elections of said city, ana no
others, shall vote at such election.
The persons voting for the ratltica-
ton this ordinance ard for the au-
thorization of he bond issue shall
have written or printed on their bal
lois the words For Ratification, ana
the persons voting against said rati-
6cation shall have wri& In or printed
mon their ballots the words For Re
lection" There shall be printed on
the ticket The following: TO author
ize maximum special bond levy OF
five cents according to the ordinance
of the Council Of he City of Martins
burg, passed on the second day Oh
| September 1909, to pay the interest
and provide a sinking fund for the
discharge of the bonds now being yot-
ed for" and directly underneath In
I two separate lines snail nc printed the
words "For the Levy and Against the
| Levy" Persons voting for the levy
shall leave upon their ballots the
words For the Levy" and the persons
| oo.oir,e4 cYrh lazy shall leave