Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1909-05-19

Sec. / Be it ordained by the Com.
mon Council of the City of Kenova,
West Virginia, that coupon bonds of the
said City TO the amount of Forty Thous-
and (sfO. 000) Dollars be issued and sold
and that the proceeds derived from the
sale of such bonds be applied and de-
voted to the following purpose, and mona
other, namely: Forty Thousand ST.
900 Dollars thereof shall be appE.
20 street improvements OF the said Gity.
namely, the paving of the streets oithe
said City.
Provided, that the funds arising from
the sale OF said bonds shall, under the
directions or the Common Council, be
applied to the paving of the following
streets, namely, a part of twenty third
street, part of twelfth street, q part
OF Chestnut street. part of Beech
street and n part of Fifteenth street.
the distance i'll length upon each of said
streets being shown upon plan and
report made by NJ. w. Venable, Engi.
neer, now on file in the Office of the Re
corder of said city.
Sec. 2. The bonds issued and sold
under and by virtue of this ordinance
shall be OF the denomination of One
Hundred (S1OO) Dollars end multiples
thereo1, and shall be payable thin ty
years from the date of their issue. and
shall bear interest from their date at
the rate of five per centum per annum.
aud such interest shall be payable at the
First National Bank of Ceredo. West
Virginia, on presentation of such bonds
or interest coupons. Provided, that the
SAID CITY of kenova may after the ex.
plratlon OF fifteen years from the date of
their issue pay off and discharge any or
AL OF said bonds upon the payment Of
the principal thereof and the accrued
interest thereon, the bonds to be so
paid off and discharged TO be called in
the order of their issde beginning with
serial number one.
Sec. 3. There shall be levied and col
lected by direct annual tax a sufficient
sum OF money to pay the annual inter
est accrulng on the said bonds and the
principal thereof, within and not ex.
ccedlng thirty years aforesaid.
sec. / The said bonds authorized un-
der this ordinance shall be designated
ana known as street Paving Bonds, -
Sec. .. Said bonds shall not be is
sued or sold unless all questions con-
nected with the same shall have been
nrst su omitted to the qualified voters of
the SAID City at special election. held
ed ut SAID election three fifths of all tn ,
votes cast for and against the same.
Sec. u. The Mayor of the said Citv is
hereby directed to issue his proclama-
ZION recltlng this Ordinance and an.
pointing a day mt which an election
Shail be held, of the qualified voters of
the said City to decide whether or not
they VIII ratify or reject this ordinance.
Whlch proclamation shall be published
III some newspaper of general circula
ton IN the said City, and shall be most
ed once n week for two weeks previous
10 the day of the said election in each
election precinct of the said City.
Sec Z. Said election shall be conduct.
cd IN all things according to the general
election laws governing municipal
eiections IN and for the City OF Kenova
anu the provisions of the Charter OF the
SAID City.
All persons qualified to vote at
municipal elections i'll the said CITY.
aiio no others, shall vote at said cleo
ZION, Hhn the person voting for the
ratlncatlon of the ordinance shall have
wiitteh or printed upon his balot For
FaCihcation' ana the person voting for
rejection of the ordinance shall nave
written or printed upon his ballot For
rejection. 3"
The aggregate amount of indebted.
ness OF the City of Kenova, issued and
authorized, existing at this date is moth.
ing, and the amount of indebtedness,
authonzed to be incurred by tn said
CITY or kenova is Forty-two thousand
eight hundred and eighteen dollars and
thirty one cents
GIYen under my hand this 1th day of
May 1909. %
w. y. MORRIS,
Mayor of the City of Kenova,