Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1909-05-26

Sec. Be it ordained by the Com.
mon Council of the City of Kenova
West Virginia, that coupon bonds of the
sad City to the amount of Forty Thons.
and tS4O .O00) 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 none
o 0, namely Forty Thousand $50.
ooo) dollars thereof shall be applied
10 street improvements of the said CITY,
namely, the paving of the streets of the
said City. 'i'o
Provided, that the funds arising from
the sale of said bonds shall. under the
directions of the Common Council be
appneo TO the paving of the following
screets' namely, part Of twenty. third
street, part Of twelfth street a part
OF Chestnut street. part of Beech
street and part of Fifteenth street.
the distance in length upon each of said
streets being shown upon a plan and
report made by M. w. Venabie, Engi-
neer, now on file in the Off &c of the Re
corder Of said city.
Sec. 4. The bonds issued and sold
unGer ana Dy virtue of this ordinance
@al be of the denomination of One
Hundred ($100) Dollars ind multiples
snereof, and shall be payable thirty
years from the date of their issue. and
siau bear interest from their date at
Che rate OF i've per centum per annum
ana 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
pratlon OF hfteen years from the date of
tnelr issue pay off and discharge any or
al OF said bonds upon the payment of
!ne principal thereof and the accrued
interest thereon, the bonds TO be so
paid off and discharged to be called in
the order of their issae beginning with
serial number one.
oec. 8. There shall be levied and col
Iected by direct annual tax sufficient
sum OF money to pay the annual inter
cot accrulng on the said bonds and the
principal thereof, within and not ex.
ceedlng thirty years aforesaid.
sec. 4 The said bonds authorized nm
der TINS ordinance shall be designated
ana known as "Street Paving Bonds. "
sec. D. Said bonds shall not be is
sued or sold unless all questions con-
nected with the same shall have been
uIst submitted to the qualified voters of
the SAID City at a special election held
Tor that purpose, and shall have receiv.
ed at said election three fifths of oil RI ,
votes cast Ter and against the same.
Sec. u. The Mayor of the said City i
hereby directed to issue his proclama.
ZION reclting this Ordinance and an.
pointing day at which an election
snail be held, of the qualified voters of
the SAID City to decide whether or NOT
they viii ratify or reject this ordinance
winch proclamation shall be published
III some newspaper of general circuIa
non III the said City, and shall be most.
cd once week for two weeks previonS
10 the day of the said election in each
election precinct of the said CITY.
Sec :, Said election shall be conduct.
ca In all things according to the general
eiection laws governing municipal
eiections IN and for the City of Kenoya
ana the provisions of the Charter of tbe
said City 'e' VI 'Ae
All persons qualified to vote Mt
municipal elections in the said City
anu no others, shall vote at said cleo.
Iiois una the person voting for the
-a .'iitI'loh OF the ordinance shall have
MIiteeh or printed upon his ballot For
ldtihcation ana the person voting for
rejection of the ordinance shall 1ava
written or printed upon his ballot For
rejection" Vi
lhe aggregate amount of indebtad
ness OF the City of Kenova. issued and
authorized, existing at this date is moth.
ing; ana the amount of Indebtedness
authorized to be incurred by tn said
City OF henoya Is Forty-two Thousand
eight hundred and eighteen dollars and
thirty one cents '0ii'i' anu
May, 1909 ''- '"1 Vi
w. y. MORRIS.
Mayor of the City of Kenova