Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1910-10-25
Proclamation and Notice Of Election Tor
School Bond Issue and Lew.

ktuuul LUNA AA9uo YIN 8Stys
To the Qualified Voters of Charles Town
District. in the County of Jefferson and
State of West Virginia.
TAKE NOTICE, That. at legal meet.
ing of the Board of Education of charles
Town District in the County of jefferson
aud state of West Virginia. held Gu the l.th
day of October. 1910. the following ordei
was adopted ard entered of record. namely
Il appearing 70 the Bo~fd of Education 81
Charles Town District of jefferson county,
which district embraces the corporate limits
of rhe Town of htries Town, In the County
of j. fferson and State of West Virginia, thai
said town of Charles Town In said district
has in it AN enumeration of youth of schoo
ace of over three hundred; That TO accom-
MEDIATE properly the said youth OF schoo
age residing IN said district. it is necessary
to issue bonds in the sum of $50. 900 as pro
yided by chap 81 of the Acts of the Legisla
ture, extra session of 90S. in order to pro
cure money for the purpose of building
completing. enlarging. repairing and fur
nishing the school house or houses in saio
district, it having been determined that this
proposed bonded Indebtedness together
with the present existing Indebtedness dc
not exceed az per centum of the value Of
the taxable property in said district as as
certained by the last assessment for STATE
and county taxes. And said Board or Edu
cation being Of the opinion that the maxi
mum rate of levy provided for in section q
of chapter 81, Acts of the Legislature. extrs
session 1908, will not produce sufficient
funds to pay the interest on said bonded
Indebtedness and provide sinking fund
for the discharge of the principal in the
number of years authorized by the issue OF
said proposed bonds without laying max
imum special bond levy as hereinafter men
toned to pay the interest and provide ,
sinking fund.
Therefore in pursuance of the foregoing
and said chapter 81 of said Acts of the Leg
| stature of 1908, it Is hereby resolved anC
ordered that the Board of Education of sale
Charles Town District borrow money il
the sum of $50, 600 aud issue and sell bond.
to raise said amount for the purpose Of
building. completing. enlarging, repairing
| and furnishing the school house or house,
situated on the west side of South Lawrenc,
street in said Charles Town, known as tho
| Academy property.
| And to provide more definitely concern
| ing said bonds. it is further ordered:
/. Said bonds shall be sixty in number o.
the denomination of $780, 90 each, and mum
bered from one to sixty consecutively, max
| ing in the aggregate $4,000 90.
| 2. Said bonds shall bear date on the Is
| day of April, 1911, and be payable in no
less than 10 years nor more than "a year.
| from date. at the office of the Sheriff o
Charles Town District. and in Town o
| Charles Town. West Virginia, and shall
| bear int rest from their date at the rate o
per centum, per annum, they shall have
coupons attached for the payment of til,
| interest thereon, and the same shall be pal,
semiannualy at the same place'thatthe bond
are payable. on the LIST day of April an,
October and so on. for each succeeding year
until the bonds mature. unless sooner re
deemed or cancelled pursuant to law
| 8. Said bonds shall be payable to beare
by The Board of Education of said Charlie
| Town District" in the county of jefferson
| State of West Virginia, and shall be signet
by the president and secretary respectively
of said board. and the corporate seal of tn
| Board shall be affixed thereto, and the in
terest coupons shall likewise be so payabl
and bear the engraved or printed signature
of the secretary, and they shall be cut OF
when paid.
| 4. Said bonds shall refer on their face :,
Chapter 81. Acts of the Legislature of IVES
Virginia, extra session, 1908, under which
they are issued, and shall contain a reser
walton of the right of said Board to pay OF
and redeem the same. or any one or more o
| the came, after ten years from the date o
issue as provided by this order and shall
also state that provision has been made TO
the collection of direct annual tax to pa,
semi-annually the interest thereon and tn
principal thereof within and not exceedin.
thirty four years.
| 5. Said bonds, after having been adver
tised in some convenient newspaper for tw,
| weeks previous to such sale. shall be sol,
at public sale to the highest bidder in writ
| ing for cash at not less than their par value
and the proceeds arising from said sale o
said bonds shall be used for the purpose o
building completing, enlarging repairingant
L i. 4.
described Graded ndHigbSchool forwhite
only on Academy lot in said district ant
town. And it is further ordered that direc
annual tax will be collected in said distric
sufficient to pay annually the interest OF
| said bonds and the principal thereof within
and not exceeding thirty-tour years from
date of said bonds, and. for said purpose al
| annual maxium special bond levy of AZ,
cents on the hundred dollars valuation OF
all of the assesable property in said distric
| is hereby authorized to pay said interes
and provide sinking fund to pay the prin
cipal as required by law, and as, hereinbe
| fore stated, said bonds shall be subject t.
| redemption. after ten years from their dat,
at the option of said board. The secretar,
| by order of the Boaid shall each year Civ,
notice by publication TO the holder or hold
ers of the bonds to be redeemed that on OF
after day named. the designated bond o.
|
| est will be paid upon presentation, that il
| not presented they shall cease to bear inter
| est after the last publication of said notice
| that said notice shall be published for fou
successive weeks in one or more newspaper.
IN Jefferson County prior to such designat
ed day of payment. The money so levied
and collected to pay the principal and inter
est on said bonds shall be applied to thai
purpose and no other but said bonds shall
not be issued and no sale thereof shall bt
made until all questions connected there.
with shall have been first submitted to .
vote of the people of said Charles Towr
District at an election held for that pur.
pose, and shall have received three-fifths of
all the votes cast for and against the same
1t is therefore ordered that the president
Of the Board of Education of said Charles
Town District be and he is hereby author
lzed and directed to issue proclamation to
be published and posted according to the
provisions of section 90, chapter ~. Act. OF
the Legislature, extra session, 1906. appoint
ing time and the places at which an cleo.
ton Tor that purpose shall be held bv the
qualified voters of said Charles Town Dis
trict to decide whether they will ratify or
reject this order, and said proclamation
shall also specify the aggregate amount az
Indebtedness existing against and autbor-
ized oy said district at the date of said
proclamation. The secretary of the Road
of Education of said district is. hereby
authorized and directed to procure and
furnish to the election commissioners ar
each place of voting. the tickets. poll books
tally sheets, and other things necessary IN
mold said election. as provided by section
~. of said chapter 81 Acts 1908. and said
election shall, in all other respects be beld
and conducted according to law.