Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1910-10-18
Proclamation and Notice Of Election for
School Bond Issue aud LeTY.

To the Qualified Voters of Charles Town
District. in the County of jefferson and
State of West Virginia
TAKE NOTICE, That, at a legal meet
ing of the Board of Education of Charles
Town District in the County of jefferson
and State of West Virginia. held on the nth
day of October. 1910, the following order
was adopted and entered of record. namely:
It appearing to the Bo4rd OF Edncsfion Of
Charles Town District of Jefferson county.
which district embraces the corporate limits
of the Town of Charles Town. in the County
of jefferson and State of West Virginia, that
said town OF Charles Town In said district
has in it an enumeration of youth of school
age of over three hundred; That to accom-
modate properly the said youth of school
age residing IN said district, il is necessary
to issue bonds in the sum of $50. 600 as pro-
yided by chap n 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 said
district, it having been determined that this
proposed bonded indebtedness together
with the present existing Indebtedness do
not exceed 81 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 of Edu-
cation being Of the opinion that the maxi
mum rate of levy provided for in section 81
of chapter 81, Acts of the Legislature. extra
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 a max
imum special bond levy as hereinafter men,
toned to pay the interest aud provide a
sinking fund.
Therefore in pursuance of the foregoing
and said chapter 81 of said Acts of the Leg
islature of 1908. it is hereby resolved and
ordered that the Board of Education of said
Charles Town District borrow money in
the sum of $50, 600 aud issue and sell bonds
to raise said amount for the purpose of
building. completing. enlarging, repairing
and furnishing the school house or houses
situated on the west side of South Lawrence
street in said Charles Town, known as the
Academy property.
And to provide more definitely concern
| ing said bonds. it is further ordered
l. Said bonds shall be sixty in number of
the denomination of $500. 90 each, and num-
bered from one to sixty consecutively max
ing in the aggregate $4,000 co.
g. Said bonds shall bear date on the 1st
day of April 1911, and be payable in not
less than 10 years nor more than 81 years
| from date, at the office of the Sheriff of
Charles Town. West Virginia, and shall
bear interest from their date at the rate of
per centum, per aunum, they shall have
coupons attached for the payment of the
interest thereon, and the same shall be paid
semiannual y at the same place'thatthe bonds
are payable. on the 1st day of April and
October aud so on. for each succeeding year.
until the bonds mature, unless sooner re-
deemed or cancelled pursuantto law.
q Said bonds shall he navabla ta haarar
by The Board of Education of said Charles
Town District" in the county of jefferson.
State of West Virginia, and shall be signed
by the president and secretary respectively
of said board, and the corporate seal of the
Board shall be affixed thereto, and the in
terest coupons shall likewise be so payable
and bear the engraved or printed signature
of the secretary, and they shall be cut off
when paid.
4. Said bonds shall refer on their face to
Chapter 81, Acts of the Legislature of West
Virginia, extra session, 1908, under which
they are issued, and shall contain a reser
Walton of the right OF said Board to pay off
and redeem the same. or any one or more of
the same, after ten years from the date of
issue as provided by this order. and shall
also state that provision has been made for
the collection of direct annual tax to pay
semi-annually the interest thereon and the
principal thereof within and not exceeding
thirty four years
S. Said bonds, after having been adver
tised in some convenient newspaper for two
weeks previous to such sale. shall be sold
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 of
said bonds shall be used for the purpose of
building completing. enlarging. repairingand
furnishing the school house or school houses
described Graded and HighSchool forwhites
only on Academy lot, in said district and
town. And it is further ordered that direct
annual tax will be collected in said district
sufficient to pay annually the interest on
said bonds and the principal thereof within
and not exceeding thirty-tour years from
date of said bonds, and, for said purpose an
annual NAHUM special bond levy of Al
cents on the hundred dollars valuation on
all of the assesable property in said district
is hereby authorized to pay said interest
and provide sinking fund to pay the prin-
cipal as required by law, and as, hereinbe-
fore stated, said bonds shall be subject to
redemption. after ten years from their date
at the option of said board. The secretary
by order of the Board shall each year give
notice by publication to the holder or hold |
ers of the bonds to be redeemed that on or
after day named. the designated bond or
bonds, with any accrued and unpaid inter- |
est will be paid upon presentation, that if |
not presented they shall cease to bear inter- |
est after the last publication of said notice. |
that said notice shall be published for four
successive weeks in one or more newspapers |
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 that |
purpose and no other. but said bonds shall |
not be issued and no sale thereof shall be
made until all questions connected there
With shall have been first submitted to a
vote of the people of said Charles Town
District at an election held for that pur-
pose, and shall have received three-fifths of |
III the votes cast for or against the same
1t is therefore ordered that the president
# the Board of Education of said Charles
Town District be and he is hereby author
zed and directed to issue proclamation to
,e published and posted according to the
provisions of section %. chapter 27. Acts of
be Legislature. extra session, 1908 appoint
ng time and the places at which an cleo
ion for that purpose shall be held by the
Qualified voters of said Charles Town Dis
riot to decide whether they will ratify or
eject this order, and said proclamation
hall also specify the aggregate amount of
Indebtedness existing against and author
zed by said district at the date of said
roclamation. The secretary of the Board
f Education of said district is hereby
utnoIizeu ana directed 10 procure and
urnish to the election commissioners. AT
ach place of voting. the tickets, poll books
ally sheets, and other things necessary TO
old said election, as provided by section .
3. of said chapter "a. Acts 1908. and said
lection shall, in all other respects be held
nd conducted according to law.
JOHN d. AeGARRY.
ttest. Ptesident
F. G. HENKLE, Secretary
Therefore ,pnrsu Mt to the foregoing order.