The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-05-05
PROCLAMATION.
sBytheiMayor ofnthe eltyrof Falrment
g West Virginia.
.fpnased Ahrll q. 1N1nl


WHEREAS, AZ a regular meeting Of the
Common Council of the City OF Fairmont'
West Virginia, held at the council Guam.
her Of said city. on the 2srti. day Of !, AprIi,
o. an ordinance entitled An ordinance
pf6yiding for the issue and sale Of bonds
fbf the extension and lmnrBF'enent OF sthe
water works system Of the City Of Fair.
mont. md the construction Of bridge NJ
Fourth street. in said city, was duly aA9Ps-
ei ma passed by said council, and IN t 9nFs
tsts ORDINANCE providing for the asstte
" and sale OF bonds for, the eXtellSIqn and
~ Improvement Of lie water wOrkss'syS-
fem Of the City of Fairmont aud the
vi s construction of bridge att FoNtth
\ gtNTIIEhE AS lit tsfexpFdient and neGessaEy
sf0f thehheaith and comfort and well being
OF the citizens and residents osi5th CITY. OF
EAirm0nt TINT certain extensions and I'M
pfoyements should be made to the water,
stem Of saId City,sIncludlnR the removal
on the pump station so as 70 secure the
wiiter supply from the yallRSftsiyer, and :
\ Y, tAVHERIsAS, If is likewise. Spe1ient and.
gn tessary for the comfort and con yenlenc
ri the citizens and residents OF said City.
Z that bridge he constructed. CONNIE ting the
E1nrth and Fifth Wards Of the SAID city
\ HI Enurth street. and
gT5WIEREAS, II il estimated that said I'M
nr6vements In relation to said water system
I can be made for the sum OF $0S,OOO, ana
that the said bridge can be constructed Tor
yfhe sum Of 81 600, and that to carry out
tie said objects 1t IL necessary and eXxpedi;;
s eiit that the said city OF Fairmont should
Issue md sell its bonds to provide money
\ Sufficient for the purposes aforesaid, ana
(. WHEREAS The said City may lawfully
issue aud sell It's said bonds In said amount
Without exceeding. together with Its exist
ing Indebtedness of all other kinds, the
aaopnt prescribed BY Eaw T Ineret S[itNoN
COUNCIL OF THE CITY OF FAIR
First: That the city of Falrmont do is.
sle It's bonds for sum IN the aggregate
did denominations Of One Hundred Dollars
81 muitiplies thereof, which bonds shall De
dated on the first day of August. 1910, ana
shall be payable thirty years after, the date
tiereoff with interest from said date a.
3 9tfla rates0t Q per cent per anrum whlcr
Interest shall be paid annually. Each OF
Z kAid bonds shall be numbered and attasted
bys the City 6f FaiFmOnt, by Its Mayor. and
seitnterslgned by its CITY Clerk: and shall
& ediitnln 4 provision embraced therein that
\ said bonds shall not be liable to taxation BY
2 TIA said City: and that said City shall, ~
Il I'M order Of Its Common Council, have the
II q int at any time after ten years after the
die of said bonds TO call in and pay on and
s redeem tile same, or amy part thereof. and
tii charge Itself from any further liability
Arising from said bonds SO paid on and
n daemed, by the payment OF the prlnclpai
i and interest due thereon at the date OF said
second: After said bonds shall be issued
no more Of them shall be sold than may br
necessary to realize Il sum sufficient tor
the Improvement and extension OF the water
works system aforesaid, for the constrnc.
ton Of which the aggregate sum expenddeenn
shall In no case exceed the sum Of $Gs,OOO
and for the construction Of said Fourth
street bridge, for which the aggregate
amount expended shall in no case exceed
tIe sum Of $1,000; and none of said bonds
shall be sold Mt less than par value.
Third: That the earnings Of the Fair.
mont Water Works system shall be used
Y and applied, US far as practicable, TO tue
abayment OF the interest on, and TO pro
vide for n Sinking Fund sufficient n
Z bonds hereby authorized. to the amount OF
sGR, 900; and FURTHER that there be
levied BY the Common Council Of the. City
81 Falrmont a direct annual, tax Of not
RSceedlng ten cents on every one hundred
dollars assessed value Of property within thin
y said CITY over and above the annual levy
a for other purposes, until all OF said bonds
above authorized, with interest are paid.
being an amount SUFFICIENT 10 pay only lne
interest on said bonds and the prineipel
thereof MS required by law, by the creation
y each year over and above the interest Of
aid bonds, VI a sinking fund sutflctenl TO
Iiiy on The principal thereof IN thirty
Years, which snld sinking fund shall he kept
" iess than Z ncr cent interest until the same
shall be fused In the redemption Of said
sft0nda sl
Fourth: The form Of the saId bond, to-
4 getlIeriWltl Tie coupons thereto attached,
II sIlhIl bH.as follows:
United States Of America,
IN state Of West Virginia.
Falrmont Water Extension and I'm
provement Bond,
No. 100000
For value received, tho City Of Falrmont.
Il Aiuncipnl Corporation OF the state Of
d West Virginia., promises 10 my 70 the
J. bearer, or. II this bond Is Registered then
10 the registered holder thereof, ut the OF:
slica Of lhe City Clerk Of the said City Of
Fillrnont, in The County OF Marion; Sta I!
6f West Virginia, the sum Of ONE THON.
sifalfl DOI.i,ANS, In Gold Coin 6of the
initad States OF America, or equal TO the
Df6sbhl standard Of weight and ilneness pn
lfe iisst day Of August, lin the year 1870
and fo3p ay interest thereon from the titst