The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-05-09
PROCLAMATION.
BY the Mayor Of. ths!ctty of FaIrmontI
West Virginia.

passed April %, 1910 -
WHEREAS, nj a regular meeting OF the
Common Council Of the City rof Falrmpnh
West Virginia, held At the; council cham I'm
1910, an ordinance entitled IAN ordinance
providing for the Issue and sale OF bonds
for the extension and Improvement OF tine
water works system Of the City o. Falr;
mont, and the construction OF DridEe AZ
fourth street. In said city, was duly adopt
cd and passed by said council, and L. in Sthe
words and figures following, that is, to says
AN ORDINANCE. providing for.,the issue
and sale Of bonds for the extension and
improvements Of the water works sys'
TEN of the City Of Fairmont, and the
construction Of bridge at Fourtn
Street, in said City.
WHEREAS.LIt Is exbedient and necessary
for the health and comfort and well being
of the citizens and residents Of the city OF
FaIrmont that certain extensions and IN
proyements should be made TO the water
system OF said City. including the removal
Of the pump station so US TO secure the
water supply from the Valley River, and /,
WHEREAS, 1t Is likewise cxpedlent and
necessary for the comfort and convenience
of the citizens and residents Of said CITY.
that bridge be constructed. connecting the
Fourth and Fifth Wards Of the said City
at Fourth street, and
proyements. in relation TO said water system
can be- made for the sum Of S6S,0OO. ana
that the said bridge can be copstrpcted 10y
the sum of $1,000, aud tnat 10 ca5rEg yu ~
the said obtects.it Is necessa ann y
ent that the Slq Slly OF EaIE s,,So ~
sufficient for the purposes aforesaid ann 1,
WHEREAS, The said City may lawfully
fssue7and sell Its. sall1DOnds In said Amount
without exceeding. together with tts exist
Ing indebtedness Of al! other kH.us' Ing y
amount prescribed by law, IheGe1 l3NS',, to,5
BE 1T ORDAINED By TIE SoM.m w =
COUNCIL OF THE CITY OF FAIR
MONT: :. d q
First: That the City OF Fairmont 90 Is,
sue its bonds fer a.SQrg IN the t Is
not exceedtH SO, 0QG tfe sue tg ~ g, o. o.
the denominations gtaOes Hanateu s i'Sr" hs
or maltiplIes Thereof %sls sna DSuS 1dI and D
shall Tbe ipaga 6le NIFTY Sear fteg f1i!' gag
thereon, with Rfntefest From SAID -date! az
the rate OF per cent per annum whlcn
lpterest shall be pad anHaslly. EeSea q q
tsaid GpHitlS Shall Oh lunIDe se4 an4 4Gtesle9
" the Eitysdf1F lrh6nts " rs MaySr' anm 1
counterslgned by its City Clerk: and shall
contain provision embraced therein thar
said bonds shall not be liable to taxation Dy
4he said City iatld abLsald sityi SHALL ~
an order OF Its Common Council. nave ithe
right at any time after ten years arter lt lls
date of said bonds to call in and pay on and
redeem the same. or any part thereof; and
discharge itself from any further llaOllity
arising from said bonds so paid on and
redeemed, by the payment Of the principal
and interest due thereon at the date OF sag
payment
Second After said bonds shall be issued,
no more Of them shall be sold than may be
The Improvement and extension of the water
works system aforesaid. for the consttIlc;
shall shat in no case exceed Tue sum q $ss,0o!o
and for the c2nstr HSh q ta san arrrprate
S amount expended ,Si sha in no case exceed
The sum q S1Gog e.! XII none q gS 1Opu
S"1 Third: 81" THAT Inc earnings, Of ,the Fa.y,
mont Water Works. system shall be used
and applied as far a. praehc and 70 n 1@e
Vide for "a Sinking FUND. sufficient u
amount to pay OF and take up the said
bonds hereby authorized: to the amount q
S08,0OO; and FURTHER that there o e
levied by the Common Council OF Inc Glty
Of Falrmont direct annual tax Of no, not
exceeding ten cents On every i0pe hundred
dollars nssessed value Of property within
said City over and above the, annual levy
for other purposes, until all OF said oonaS
above, authorized, with interest, are paid,
being an amount sufficient to pay only lne
Interest on said bonds md the prlneipal
each year over and above the Interest Of
said bonds. Or a sinking, fund sufficient 70
pay OF the principal thereof n thirty
Years. which said sinking fund shall be kept
Invested under direction OF Council at MOI
less than ; per cent Interest until the same
shall be used in the redemption Of said
bonds.
Fourth: The form Of the said bond; TO-
gether with the coupons thereto attached,
Shall be as follows:
United States Of America,
j. stst. ~ West 'vroinla.
S'"!e " We nL In,.
FaiEmont Water Extension ana Im'
,..,,.n4 HAND
p'oVst"s" S0'"' .. mn IN
No.. Sl,Ooo'VV
For value received, lhs city Of Fairmont;
IL Municipal Corporation, OF the State OF
West VIrrlnIa, pr0mISes to pay 10 the
bearer, or, II this bond is registered then
10 the registered holder thereof, at the Of;
Ace Of tic city Clerk Of the said City Of
Fairmont, In the County Of Marion: state
Of West Virginia. the sum of ONE TH0N'
SAND DOitEARS. In Gold Coin OF the
United States Of America. or equal to the