Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1909-11-13
Proclamation
90 Hall. MartIngburg. w. Va.

the Council of the City of Martinsburg
properly called and held in the Council
Chamber at the City Hall, in the City
of Martinsburg, Berkeley County, State
of West Virginia, on the 1st day OF
September, 1903, an ordinance was
adopted entitled Ordinance No. g."
IAN ORDINANCE TO AUTHORIZE
THE ISSUANCE OF BONDS FOR THE
PURPOSE OF EXTENDING, REPAIR
ING, CONSTRUCTING, EQUIPPING
lAND COMPLETING THE SYSTEM
loF WATER WORKS NOW OWNED
IBY THE CITY OF MARTINSBURG
AND TO AUTHORIZE A SPECIAL
bond LEVY"
AND WHEREAS, At a regular meet
ling Of the Council of the City OF Mar
ltinsburg, held in the Council Chamber
at the City Hall aforesaid, on the End
day OF September, 1909, the ordinance
known as Ordinance No. g." IAN
ORDINANCE TO AUTHORIZE THE
issuance OF BONDS FOR THE PUR
POSE OF EXTENDING, REPAIRING,
| CONSTRUCTING, EQUIPPING AND
COMPLETING THE WATER WORKS
NOW OWNED BY THE CITY OF MAR
ITINSBURG, AND TO AUTHORIZE A
MAXIMUM BOND LEVY" was unani-
mously passed, signed by the Mayor,
and transmitted to the Board of Affairs
/ for their approval;
| AND WHEREAS, At meeting of the
BOARD OF AFFAIRS held at the City
Hall aforesaid, on the Ord day OF Sep
TENDER, 1909, said ordinance was duly
approved by the Board of Affairs:
AND WHEREAS, Such ordinance,
known as Ordinance No. g." passed by
the Council of the City of MartInsburg,
signed by the Mayor, and approved by
| the Board of Affairs is as follows:
Ordinance No. 6.
! AN ORDINANCE TO AUTHORIZE
THE ISSUANCE OF BONDS FOR THE
| PURPOSE OF EXTENDING. REPAIR
ING, CONSTRUCTING, EQUIPPING
AND COMPLETING THE SYSTEM OF
WATER WORKS NOW OWNED BY
THE CITY OF MARTINSBURG. AND
10 AUTHORIZE A MAXIMUM SPEC
IAL BOND LEVY.
BE 1T ORDAINED BY THE COUN-
Gil OF THE CITY OF MARTINS
BURG.
Sec l. That the Mayor and Auditor
OF the City of Martinsburg be, and
they are hereby authorized to make.
Xecute and deliver, as hereinafter pro-
vided, series of bonds of the City of
Martinsburg, to the amount of forty
thousand dollars $4,000. 0O), of the
denomination and upon the terms of
payment hereinafter provided and pre-
scribed, the proceeds of which shall
be appropriated and expended for the
purpose of extending, repairing, con-
structing, equipping and completing
the system of water works for the
said city, and which system is now
owned and operated by the City of
Martinsburg.
The said bonds shall be of several
denominations of one hundred. five
hundred and one thousand dollars. re-
lsDectively, not exceeding in the aggre-
gate, however. the sum of Forty Thou
sand Dollars ($40, 100000, and shall be
payable to bearer at the Office of the
treasurer of the City of Martinsburg,
at Martinsburg, West Virginia, thirty
four years after date, and redeemable
at any time after twenty years after
date, with interest at the rate of FIVE
per cent per annum, payable annually
on the LIST day of December of each
year, after the year in which they
are issued. at the Office aforesaid ac-
cording to the tenor and effect of in
terest coupons to be attached to each
bond respectively; and said bonds shall
be dated on the 1St day of December,
1909, and shall be signed in the cor
porate name of the said city by its
Mayor, countersigned by the Auditor,
and sealed with the corporate seal of
said city.
The name of the treasurer of said
lefty in office when said bonds are is
sued shall be signed to each coupon,
but said name may be either printed
Tor engraved thereon.
Sec 2. That F. s. Emmert, G. w
McKown and e. r. Sigler, who are
hereby appointed commissioners of said
city for the purpose, be, and they are
hereby authorized and empowered to
sell publicly the said bonds for cash,
at not less than their par value, to
the highest bidder in writing, but be-
fore any such sale shall be made the
same shall be advertised in some con-
yenient newspaper or newspapers, as
the said commissioners may elect, at
least four weeks previous to such sale
The proceeds derived from the sale of
said bonds, as fast as realized, shall
be payable to the treasurer and de-
posted by him in the treasury of the
said city to the credit thereof in an
account to be designated and known
as the water Works Extention Fund"
which shall be kept separate and dis
tinct from other accounts of said city,
and said fund so created shall not be
appropriated or used for any other
purpose than that above specified.
Sec. 3. That the amount collected
from the direct annual tax hereinafter
provided for remaining over and above
the amount of the interest due upon
said bonds (which amount necessary
to pay the interest shall be paid by
the council to the treasurer to be held
in a special fund by him for that pur-
pose) shall be payable TO the Commits
sioners named in section two hereof
THE Commissioners shall invest the
same in some good, safe investment