The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1909-01-04
SPECIAL BOND ELECHON
MAYORS PR0cII saIAI4ON3 iFnif
( SPECIAL 5cND ELECTION:
10 81 HELD jan
aIsY 10, 1909.

\ T. q
TO 81 HELD JAM
AIRY 10. 1900.
Notice Is Hereby given that the fol-
lowing ordinance vas Only passed and
enacted az & regular meeting OF the
CITY Council for tie City Of CIarhs-
burg, West Virginia, held al the
council chamber m said ctr on the
Afh day Of December, 1903. and
pfoeiamatlon pursuant 70 said ordi-
nance for special election to be held
'therennasr Feeitlng said ordinance as
required by law Il. here made.
ORDINANCE.
AN ORDNANCE PROvIDINCa FOR
THE ISSUE OF BONDS BY THE
CITY 9 OF cBARKSBtIRG AND
THE SALE or THE SAME. 40
PROVIDE FUNDS TO BE USED
FOR THE PURPOSES FOLLOW
ING, T0lWJTs
ID TO IMPROVE AND EXTEND
THE PRESENT CITY WATER
WORKS SYSTEM, TO THE
AMOUNT OF SEVENTY THOU
SAND (70,000.O9) DOLLARS.
AND % no IMPROVE .AcSD Elk
TEND THE SEWER SYSTEM OF
TiHEsGITY TO THE AMOUNT OF.
FIFTY THOUSAND (s5O, 100000
DOLLARS, MAKING ATOTAI. OF
ONE HUNDRED And; STBENTY
THOUSAND tS120, 000.00y DOL
LARS FOR SAID PURPOSES.
AND ALSO PROVIDING FOR.
THE APPLICATION OF THE
PROCEEDS THUS DERIVED TO
THE PURPOSES AFORESAID.
WHEREAS, The Council OF the
City of clarksburg lind 1t necessary
and expedIent for the comfort, health
and well-being of the people OF the
Ctty,to improve and extend the pres
ent water works system. and to eN-
tend and improve the sewer system
OF the City, and.
s WHEREAS. 1t Is not possible TO-
provide sufficient funds for said 9ur-i
poses, within the ueriod In which
same are required, by annual leYies
on fthe taxable property IN said city
within the limits prescribed By law
for leyies and assessments for mulii-
cipal purposes. and the only lawful
manner in which such necessary funds
for said purposes can be procured is
by the issue and sale OF the bonds OF
the City in pursuance of the Statutes
OF the State OF West Virginia IN such
cases made and provided:
THEREFORE,, BE 1T ORDAINED
BY THE COUNCIL OF THE CITY
OF CLARKSBURG:
FIRST: That, in order 10 procure
funds 10 the amount of one hundred
and twenty Thousand ($l20,000, 00)
dollars. to be expended for the pur-i
poses following, .to-wlt. ID To im-I
prove and extend, the present city
water works system to the extent of
seventy thousand ESQ 900. 00l dol
lars; and t2) To Improve and extend
;he sewer system of the City to the
amount OF fifty. thousand $780,
O0Q.00) dollars; making total of
one hundred and twenty thousand
($I20, 100000 dollars for said pur-
poses. the City of Clarksburg to is
sue single series of It's bond, 10 be
known as the Wafer Works Inn
nrovement and Sewerage Bonds" Of
the denomination OF one thousand
l,000.00) dollars each. 10 be num-
bered eonseeutfvely from one 'tl1 10
one hundred and twenty (i20), both
inclusive, and OF the aggregate
amount OF one hundred and twenty
thousand (Sl2O,GO0.00l dollars,
bearing date on The first day of
March, 1908, and payable TO bearer
on the first day of March. 1889. Ia
gold coin of the United States, Of the
present weight ana standard Of fine
ness. at the Empire National Bank of
Ciarks0urg, at Clarkshurg, West Vir-
giuia, and Soaring interest at the rate
OF five (5l per centum per annum
from the date thereof until paid,
such interest being payable annual
~ on the first day Of March OF each
year, Said bonds shall be signed by
the Mayor and by the City Clerk OF
said City of Clarksburg and shall
have affixed thereto the seal of the
said CITY OF Clarkshurg. and interest
coupons for each Interest payment,
bearing engraved fac smile sigma
lures OF the Mayor and OF the City
Clerk of said City. shall be attached
to each of said bonds. The whole
series of said bonds, and every part
thereof. shall be subject TO call and
redemption at the price of par and
accrued interest to the date of such
call then unpaid, on any interest day
subsequent TO the first day OF March.
1919: Provided. however, that the
bonds to be so redeemed shall be
selected by lot and the right to re-
deem shall ibe exercised by the City
only after due notice TO the holder or
holders thereof, either in person or
by publication for four weeks. in some