The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1909-01-18

khuI me GAty OIL AAArkhUWfr Slatl
have the right. on any interest dag
after the first day OF March, 1918 10
redeem this bond and to be released
from any further liability for said
sum OF money or interest thereon,
either bY paying to the holder Of
said bond in person or by depositinG
in the said. Empire National Bank Of
Ciarksburg, q sum in gold sufficient
to discharge the principal thereof
and the accrued interest thereon to
that date and unpaid; Provided, how
ever. that such right to redeem this
bond on any interest day after the
date aforesaid shall be exercised only
after the same shall have BEEN Sc
lected by lot, from the other bonds OF
the series, for redemption and after
due notice to the holder thereof
either in person or by publication for
four weeks In some newspaper pub
lelished in the City Of clarksburg, OF
the desire of said City to so redeem
said bond. And this bond Is and
shall be exempt from taxation fol-
municipal purposes by the City of
ClarkSbnrg.
- AA6 90AA 10 0lG VI a R6I4CG aOt
bonds OF the denomination of one
thousand dollars each, and amount
ing In the aggregate to one hundred
and twenty thousand dollars, num-
bered consecutively from one ID TO
one hundred and twenty (120)),
both inclusive, and issued in con-
formity with an ordinance of said
City of Clarksburg entitled "An Or
dinance Providing for the Issue OF
Bonds, etc." adopted by the Council
of the said City Of Clarksburg on
the fourth day Of December, 1903.
< In Test imony whereof the said
| City hath hereto affixed its seal and
caused this bond to be signed by its
Mayor and City Clerks eg
Dated this first day of March, 1909.
................ Mayor
............. City Clerk
And the form of said interest cou-
pons to ibe attached to said bonds
shall be the following. to-wit:
COUPON.
The City Of Clarksburg, West Vir-
ginia, will pay TO the bearer on March
l, 10. at the Empire National Bank
of Clarksburg, at Harrisburg, West
Virginia. fifty dollars; being interest
for one year on Bond No. :. for One
Thousand Dollars, of Water Works
Improvement and Sewerage Bonds. =
And said coupons shall have en-.
graved thereon the fac smile sigma.
lures of the Mayor and City Clerk oil
the City of Clarksburg.
| FOURTH. That as soon as prac-
ticable after the ratification of this
ordinance by special election by the
qualified voters of said City Of
clarksburg as hereinafter provided
for, there shall be printed or lltho-
graphed bonds and interest coupons
in the form and numbers hereinbe
fore specified and the bonds shall be
signed by the Mayor and City Clerk
OF the City and the seal OF the City
affixed thereto, after which they shall
be sold to the highest bidder in writ
ing, approved by the City Council,
for cash, and all moneys arising from
the said sale of said bonds shall be
deposited in said Empire National
Bank of Clarksburg to the credit oil
said City, and shall be used and ex.
pended only for the purposes herein.
before mentioned under direction o!
the City Council an It's duly author
lied agents. Before any sale of such
bonds shall be made notice of such
sale shall he advertised In one news.
paper published In the City of Glarks.
burg for four weeks prior thereto
and none of said bonds shall be sold
at less than par value.
FIFTH: That the Mayor and his
successors in office, Chas. NJ Har
William b. Osborn. James j. Connell
and w. b. Robbins, citizens and tax.
payers OF the City of Clarksburg, be
and they are, hereby appointed and
constituted a Committee OF five to
be known as the Bonds and Water
Works Commission" whose author
ity and duty It shall be to assist the
council in issuing said bonds, and In
making sale of the same In the man.
ner hereinbefore prescribed, to help
to prepare plans and specifications
for Improvements to the water works
system and sewers Of the City of the
character indicated herein, and
supervise the execution of contracts
made by the council for carrying out
the purposes OF this loan. And the
members of said Bonds and Water
Works Commission shall continue to
hold their trusts, perform their duties
and exercise the power aforesaid dur
ing the time necessary for the is
suance and selling of said bonds, and
during the completion OF the i'm
provements herein provided for, and
further at the will and pleasure OF
the council of said City. And no
part Of the assets derived by the sale
Of said bonds shall be paid out by
the Council of the City of Clarksburg,
or by any officers OF said City, with
out the previous approval of said
Bonds and Water Works Commits
sion.
SIXTH: That. the Council of the
City OF Clarksburg, being of the opin-
ion that the maximum rate OF levy
for taxes for municipal purposes with
in said City prescribed by Section 2
OF Chapter OF the Acts OF the Leg
islature OF West Virginia In the year
1908, will not produce sufficient
funds TO pay the interest on the
bonded Indebtedness herein created
and provide sinking fund for thu
discharge of the principal within the
period of thirty years, II is ordered