The Point Pleasant register. [volume] (Point Pleasant, W. Va.) 1909-1939, 1910-01-12
PROCLAMATION
AND NOTICE OF BOND ISSUE AND LEVY.
To tie Qualified Voters T tie
Independent School District of
Point Pleasant, IN tile County
of Mason, and State Of West
Virginia.
TAKE NOTICE.

That, at a legal meeting of the
Board of Education of the Independ-
ent School District of Point Pleas
ant, in the County of Mason, and
State Of West Virginia, held on the
e4th day of November, 1909, the
following order was adopted and en-
tered of record, namely:
1t appearing to the Board of Ed
ucation of The independent School
District of Point Pleasant, which dis
trict embraces and is coextensive
with the corporate limits of the town
of Point Pleasant, in the county Of
Mason, and State of West Virginia,
in legal meeting convened for the
district, that said town of Point
Pleasant in said district has in it an
enumeration of youth of school age
of over three hundred; that to ac-
commodate properly the said youth
of school age residing in said district
it is necessary to issue bonds in the
sum of $50, 100000, as provided by
chapter 81 of the Acts of the Legis-
lature, extra session 1908, in order
to procure money for the purpose of
building, completing, charging, re-
pairing and furnishing the school
house or houses in said district; it
having been determined that this
proposed bonded Indebtedness to-
gether with the present existing in
debtedness do not exceed 9 I-a per
centum of the value of the taxable
property in said district as ascertained
by the last assessment for state,
county and city taxes. And said Board
of Education being of the opinion
that the maximum rate of levy pro-
vided for in section 81 of Chapter 81,
Acts of the Legislature, extra session,
1908. will not produce sufficient
funds to pay the interest on said
bonded indebtedness and provide a
sinking fund for the discharge of the
principal in the number of years au-
thorized by the issue of said proposed
bonds without laying a maximum
special bond levy as hereinafter men
toned to pay the interest and pro-
vide a sinking fund
Therefore in pursuance of the fore
going provision of said Chapter a7 of
said Acts of the Legislature 1908, it
is hereby resolved and ordered that
the Board of Education of the indie
pendent School District of Point
Pleasant, do borrow money in the sum
of $50, 100000 and issue and sell bonds
to raise said amount for the purpose
of building, completing, charging,
repairing and furnishing the school
house or houses in said Independent
School District:
And to provide more definitely
concerning said bonds it is further
ordered:
/. Said bonds shall be forty in
number of the denomination of
$4,000 each, and numbered from
one to forty consecutively, making
in the aggregate $50, 100000. u
.. Said bonds shall bear date on
the LIST day ofMarch, 1910, and be
payable on the lst day of March,
1920, or at any time thereafter, as
hereinafter provided at the Shcrif7s
Office, in the county of Mason, " est
Virginia, and shall bear interest from
their date at the rate of 4 per cen
tum per annum; they shall have cou-
pons attached for the payment of the
interest thereon, and the same shall
be paid annually at the same place
that the bonds are payable, on the
LIST day of March, and so on, for
each succeeding year, until the bonds
mature, unless sooner redeemed or
cancelled pursuant to law.
s. Said bonds shall be payable to
bearer by The Board of Education
Of the Independent School District of
Point Pleasant" in the county of
Mason, State of West Virginia, and
shall be signed by the president and
secretary respectively of said board,
and the corporate seal of the board
shall be affixed thereto, and the in
terest coupons shall likewise be so
payable and bear the engraved or
printed signature of the secretary,
and they shall be cut off when paid.
4. Said bonds shall refer on their
face to chapter 81, Acts of the Leg
stature of West Virginia, extra sess-
ion 1908, under which they are is
sued, and shall contain reservation
of the right of said board to pay off
and redeem the same, or any one or
more of the same, after ten years
from the date of issue rs provided by /
this order; and shall also state that
provision has been made for the col
lection of a direct annual tax to pay
the interest thereon and