The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-05-05

day. 81 August, 1910. at the rate. OF five per
celtum per annum In Ike coin, annunlly,
on the first day Of August OF each. year,
ana for which thirty coupons for nifty dol;
| lars each are heretofore annexed, untll
said principal shall be fully paid, upon
presentation and surrender at the otice
aforesaid. of said interest coupons as the
snme become due respectively.
This bond is one Of the series and issue
OF seyenty i've bonds Of Said City OF tairs
mont of like amount and tenor ana dare,
numbered cOnsccutively from one TO sew;
enty.live. both numbers Inclusive. and
amounting In the aggregate to the sum OF
seventy.tiYe thousand dollars, to the pay.
ment whereof. both principal and Interest
at maturity. the faith and credit OF SAID
City of ElIrm1nt Is ,irrey0cably pledged
the aggregate OF, which, Indebtedness 70,
| city for which -leHles may be assessed. does
not exceed two and hale per centum OF
the valne Of the taxable property OF the:
said city BY the last ASSESSMENT.
This bond Is subject 10 redemption at any
time after len years from itsJdate. at the
option l,oftgthe City OF Enirmont, on any
tlaySOnt which interest Is payable hereun-
def upon the payment d. ltS par value
lsSfd Us iAecrued interest in the following
Ths CITY Clerk shall Whenever so order
lin ffJsthe Common Council Of said city,
rtepare list of numbers TO correspond
| With the numbers Of all Of said series OF
bonds at the time outstanding from when
| Nh Of numbers the water committee. or
water board. of said city shall draw by lot
| the amount by number Of bonds so deslr.
| ed to be redeemed; and notice OF the 1act
/ that such bond had been thus drawn ana
selected for redemption shall be given to
the holders thereof In the following man
ner, tO.wit: the City Clerk shall prepare
| list Of such bonds as shall have been Sc
lected for redemption In The manner afore-
said. and at least one mouth prior to the
next period for the payment Of interest on
| said bonds, who shall cause such list 10 ne
published for four successive weeks IN one
or more newspapers Of general circulation
| In said city, reCitlng the drawing by lot
81 said bonds for the redemption and no,
| flying the holders thereof to present said
bonds Tor the payment OF the principal
| thereof and all accrued interest thereon,
at the office Of the said City Clerk at the
next succeeding period or time named N
| the coupons of said bonds for the payment
az Interest. further notifying said holders
Of said bonds thus selected for redemption,
that interest on such bonds viii cease there.
after: which said list and notice. when
published as aforesaid, shall be equivalent
70 personal service on any holder or hol'
tlers Of said bonds 40 selected to he re-
deemed; and the interest on said bonds
| shall at the next succeeding period for
payment thereof thereafter cease.
The said series and Issue OF bonds, OF
which this Is part, Is authorised by, ana
shall be subject to, the provisions and con.
dltons Of an ordinance duly passed by the
Common Council of the City of Fairmont
Oh Ale t-- day OF APRIL. 1910; and the
payment Of the principal thereof, together
With 9cSrged Interest Is or pr9 9E4Sa
revenues Of the system OF water WORKS
Of said city, and second, by the levy OF
direct annual tax Of not exceeding ten
cents on every one hundred dollars ASSESS
I'd value Of property within sald CITY, over
and above the annual levy for other pnr.
poses until uil Of said bonds with their
/ Interest, are paid, being an amount sutfi'
cientto pay only the interest on SAID bonds
and the principal thereof as required by
law. the payment Of the said principal to
be provided for by the creation each year
Of a sinking fund sufficient to pay on the
same In thirty years
| 2 The holder Of this bond is relieved from
the assessment and payment Of taxes Tor
said purposes thereon.
This bond shall he valid when signed
by the said City Of FalrmOnt, In Its cor
pprate name by its Mayor and nttested 1y
the City Clerk, and the seal Of said City
iaffixed hereto.
IN TESTIMONY WHEREOF 1t is here
by certified that all acts, condl lions and
| things required to be done precedent to, and
| In the issuing Of this bond. have been
properly done and performed as required
III WITNESS WHEREOF the said City
of .Falrmnnt has caused these presents 70
be signed by It's corporate name, by i!s
Mayor, and Rttestel by It's said city Glerk,
md has caused Its corporate seal to he NJ
fixed hereto, THIS iitst dAy of August, 1910.
~ CITY OR FAIRMNoT,
aVs@ s.,'. saa,' Es'''f' - q Mayor
Attest: s.5
''''.' '.''.'',!'' $500
~ ny.4 q City Clerk,
Coupon
$4,000.
CITY OF TAlRAIoNT Will pay. to the
bearer hereof, at the office of the Elty
Clerk Of said city In Marion County. state
df West virginia. FIFTY DOLLARS, In
limited stateE Gold Coin. or its equivalent,
on eslTst dny' Of, AuglSt, 10. :. being
the annual Interest on It's Water Extcn-
sion and Improvement llnnd No. .:...
| u CITY or FAlRAl0NT. Il
Attest:
l@s ss K Clerk,
y Flftlts That ,sall Che proceeds of the sale
OF said Sbonhs when isste0 and sold, or SO
much MS may DO necessary therefor, not
exceeding said sum Of SDS000, shall be All.
! pIled to the expenses attending the con
i StructIhff Of the extension md improvements