The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-05-03
United states Of America,
y state Of West Virginia. :
FaIrmont Water Extension and, In
proVement Bond.

For value received. the City Of FaIrmont.
Municipal Corporation Of the State OF
West Virginia, promises to pay 10 the
bearer, or 4 hlS bond Is registered a. th zen
flee OF the City Clerk Of the said City Of
FaIrmOnt. In the County Of Marion: State
nf West Virginia. the sum OF ONE THON.
SAND DOLLARS, In Gold Coin OF the
United States Of America, or equal to the
present standard Of weight and flneness. on
the first day Of August, in the year 1n4O.
and to pay interest thereon from the hrst
day OF August, 1910, mt the rate OF I'VE per
centum per annum, In like coin, annually.
on the first day OF August Of each year
and for which thirty coupons for Ifty DOL.
lars each are heretofore annexed, until
said principal shall be fully paid. unon
presentation and surrender ut the Office
aforesaid Of said Interest coupons az the
same become due respectively. So -
This bond Is one Of the series and issue
Of seycnty.iIve bonds of said CRY Of Fair
mont. of like amount and tenor and dafe'
numbered consecutively from one to Bey.
enty.hye, both numbers Inclusive, and
amounting In the aggregate TO the sum OF
seYenty.iVe thousand dollars, to Inc pay
rnent whereof, both principal and Interest
At mntUrIty. the faith aud credit of said
city OF liairmont is irreyOeabiy pledged:
the aggregate Of which Indebtedness, 10:
gether with existing Indebtedness Of Sald
,cIty for which leyieS may be assessed. does
tho value OF the taxable property or the
said City by the last assessment
This bond IL subject TO redemption ut any
time after Ten years from Its date, nt TIE
option Of the CITY OF Falrm0nt. on any
day on which interest Is payable herein.
DEF, Iinon The payment Of IFS pnr. value
and It's accrued interest, In the following
manner;
cd By the Common Council OF SAID city,
prepare list Of numbers TO correspond
with the numbers OF all Of said series OF
bonds at the time outstanding from which
list of numbers the water committee, or
water board, Of said city shnll draw by lot
Tho amount by number Of bonds. 70 deStr.
ed to be redeemed and notice o. lne iact
that such bond had been thus drawn ana
selected for redemption shall BIZ given 10
the holders thereof In the following man
npr tO.Wlt: the City CLERK shall prepare n
list Of such bonds as shall nave Deen Sc
Ipcied for redemption In the manner afore.
sald. and Ut least one month prior to the
next period for the payment OF Interest on
said bonds. who shall ClllSe such list 10 De
published for four successive weeks m one
or more newspapers Of general circulation
In saId City. tecitlng the drawing by lot
flying The holders thereof to present sid
bonds for the payment OF the principal
thereof and all accrued interest thereon.
al the oRice Of the said City Clerk NJ the
next Succeeding nrflnN or Time Huuleu IN
tho coupons Of said bonds for the payment
Of Interest, further notifying said holders
az said bonds thus selected for redemption,
that interest on such bonds Will cease there
inter; which said list aud notice, when
published as aforesaid, shall be equivalent
10 personal service on anv holder or hol.
ders Of said bonds so selected to be re.
deemed; and the interest on said bonds
shall Mt the next succeeding period for
payment thereof thereafter cease.
The saId serlcS and Issue Of bonds, Of
which this Is q! part, Is authorized by. and
shall be subject TO-, the provisions and con
fllfIons OF an ordinance duly passed by the
Common Council Of the City OF Falrmont
on tho - day Of April, 1910; and the
payment OF Ihp PRINCIPAL thereof, together
with all accrued Interest Is provided
Tor, FIRST, as far az practicable, out Of tile
revenues Of the system of water works
III said city, and second, by the levy OF q
direct annual tax OF not exceeding fen
cents on every one hundred dollars nssesa'
cd yalNe OF nrOperty within said City, over
md above the annual levy for other put.
noses, until all Of said bonds with thelr
Interest, life pald, being an amount $1fl'
Client to pay only the interest on said llqphs
and the principal thereof as required BY
Inv, the payment Of the said principal to
VI provided for BY the creation each year
r. N. y = H .H Il 70 J. y