The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-05-09
PROCLAMATION.
BY the Mayorot the city Of Falrmont,
West Virginia.

WHEREAS, at a regular meeting OF the
Common Council Of the City OF FalrmpnE
West Virginia, held at the. council cham.
Der Of said city, on the Gard day Of APRIL
1910. an ordinance entitled: Fan ordinance
providing for the issue and sale Of bonds
for the extension and Improvement OF tine
water works system OF the City 81 Falrt
mont. and the construction OF pridSe az
Fourth street. In said city,, was duly adsopl5'
ed and passed by said council, and IL IN stne
words and figures following, that is. to say:
AN ORDINANCE, providing for, the Issue
and sale Of bonds for the extension and
Improvement of the water works sysn
TEN of the City of Fairmont and 3the
construction Of a bridge ut Fourh
Street, In said City.
WHEREAS.lIt Is expedlent and necessary
for the health and comfort and well being
OF the citizens and residents o. the C1ty o.
Fatrmont that certain extensions and I'M
proyements should be made TO the water
system Of said City. including the removal
OF the pump station so US TO secure tine
water supply from the Valley River. and .,
WHEREAS, 1t Is likewise cxpedient nnd
necessary for the comfort anu onvenleInee
Of the citizens and residents OF SAID CITY,
that bridge be constructed. connecting tne
Fourth and Fifth Wards Of the said City
at Fourth street, and
WHEREAS, 1t is, estimatetlsthat said i'm
proponents. In relation to said water system Ea,
can be- made for the sum OF SOS,OOO. and
the sum OF $1,000 and that to carry out
the said obiGctstlt is necessary and e1pedl,
ent that the said City of Fairmont sh0utq
issue and sell! Its bonds to provide money
sufficient for the purposes aforesaid ann Il
WHEREAS. The SAID ely may d la aS,0,IR
ing indebtedness 81 ait other kinds stliSs'
amount prescribed by law, Therefore, Z, q
BE II ORDAINED By TIE COMMON !, 4 y
COJiNCfIIv- OF THE CITY OF FAlN"
MONT: "a a
First: That the City Of F9lrmont do e
S s%f t!s ssag ,oda als ssiasg ~ Of
the denominations GfsOnes Hundred dollars
or multiplIes thereof, which bonds shalE be
datea og the ess de$ ASs @ is d Sds
s sSerssf. aSftIl Intefsss rom ssfd datei a
the rate OF per cent per annum whlcl
luterest shall be paid Anpaally. EACH q
s3ld gpilGs sft1l IS nuflbstFn ana attestedd
ny the CityedfsF irtnont " ~ May95 < NJ
contain a provision embraced therein thar
said bonds shall not be liable to taxation BY
4he said City tAfd that said City shall, ny
IN order of Its Common Council, have tine
right Mt any time after ten years after fthe
date of said bonds 10 call In and pay on ana
redeem the same. or any part thereof: md
discharge itself from any further llaDlllty
arising from said bonds 80 paid ON ana
redeemed, by the payment OF the prlncipa,
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 Do
necessary to realize sum sufficient tor
the Improvement and extension OF the wafer
works system aforesaid. for the constrIc.
tIon Of which the Aggregate sum expednddeedd
and for the construction of said Fourth
street bridge, for which the aggregate
amount expended shall In no case exceed
the sum Of $1,000; and none of said bopds
shall be sold at less than par value. III,
Third: That the earnings; Of the falf,
mont Water Works. system shall be used
and applied, as far as practicable, to the
payment Of the interest on, and to pro
vide for u Sinking Fund sufficient Y
amount 70 pay "a md take up me sag u,
SOS.OOO; and, FURTHER that there De
levied by the Common Council OF The, city
of FaIrmont direct annualk tax OF NOT
exceeding ten cents on every ione hundred
dollars assessed xalHe Of property within
said City over and above the annual levy
for other purposes until All OF said bonds
above. authorized, with interest, are paid,
being an amount sufficient to pay only the
Interest on said bonds and the principal
thereof MS required by law. by the crea ton
said bonds, Of sinking fund sufficient to
pay OF the principal thereof ~ thirty
Years, which said sinking fund shall be kept
invested under direction OF Council ut moi
less than : per cent Interest until the same
shall be used in the redemption OF SAID
bonds.
gether with the coupons thereto attached,
w United States Of America,
state of West Virginia.
Fairmont Water Extension and I'm,
provement Bond.t
No.. 100000
For value received. thc city Of Falrmont;
West u virsInla GO' promises 10 pay 10 the
bearer, or, II this bond Is registered then
to the registered holder:thereOf, at the OF:
flee Of the City Clerk Of the said CITY o.
FalrmGnt. In the County Of Marion: state
NJ West Virginia the sum OF ONE II1ON'
SAND DOLLARS. III Gold Coin of the
United Statcs Of America, or equal to the
present standard Of weight and tineness. On
the first day OF August, In the year lI,lO,
and to pay interest thereon from the hrst
centum per annum. in like coin annually,
on the first day Of August OF each year
and for which thirty coupons for fifty DOL;
lars each are heretofore, annexed, untll
said principal sliall be fully pdid. upon
presentation and surrender Mt the Office
same become due respectively.
. This bond Is onG, Of the series and Issue
Of sGvcnty-ilve bonds OF said city Of tair'
mont Of like amount and tenor ana dae,
numbered c0nsecutivcly from one to sew:
enty.hve, both numbers Inclusive, and
amounting In the aggregate to tho sum OF
sGventy.five thousand dollars, to the pay
ment whereof, both principal and interest
ut maturity the faith and credit OF sald
City Of Fairmont Is irrev0cably pledged
tho aggregate Of which indebtedness to.
gether with existing Indebtedness OF said
city for which IevieS may be assessed, does
not exceed two and half per centum OF
the value OF the taxable property Of the
said City by the last assessment.
This bond Is subject to redemption at any
time after ten years from Its date, at the
option Of the City Of Fairmont, on any
day on which interest Is payable herenn'
md Its accrued Interest," In the following
manner; sg !, +! Y ~. 4,