The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1911-11-04

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fast after eIghti years, work.
PRocL AMATloN AND NOTICE OF
h ELEcTioNsFo r. y scHo OF BOND
issuEsANps EEvY.sj BY Y &
TO THEsQuALIFIED VOTERS OF
( UNION. slNDEPENDENT SCHOOL
DISTRICT. IN THE COUNTY OF
MARION ANDsSTATEs OF WEST
VIRGINIA. Is is's KS
TAKE NOTICE.
THAT, at a legal meeting Of tho
Board OF Education ofsUnion lndepen.
dent School District. inythe County Of
Marion and State OF West Virginia,
held onstha 24th dry Of October. 1911,
the following order was adopted and
entered OF record, namely:
1t appearing 10 the Board Of Educa.
ton OF Union Independent School
District, which, district embraces the
First.SWard OF the: City OF Fairmont
and parts OF Union 5si'55 I.
and Winfield districts, in the County
Of Marion and State Of West Virginia,
and that said school district has an
enumeration Of youth Of school age
Of over nine hundred; that to accom-
modate properlY=the said youth Of
school age residing in said district It
is necessary to issue bonds In the
sum Of s25.O0O.00, as provided by
Chapte. % OF the Acts Of the Legisla.
ture, extra session, 1908. In order to
procure money forth purpose Of
building. completing. charging. re-
!, pairing and furnishing the school
houses In said district; 1t having been
determined that this proposed bond
ed Indebtedness together with the
present existing Indebtedness do not
exceed ~ per eentnm Of the value Of
the taxable property in said district
as ascertained by the last assessment
for state and county taxes. And said
Board Of Education being of the opin.
ion that the maximum rate OF levy
provided for IN Section p OF Chapter
81, Acts Of the Legislature. extra
session, 1900. will not produce sufl.
Client funds to pay the interest or
said bonded Indebtedness and provide
a sinking fund for the discharge OF
the principal, III the number OF years
authorized by the Issue of said Ipro.
posed bonds without laying a maxi
mum special bond levy as hereinaf-
ter mentioned to pay the interest and
proride,a sinking fund.- ~
Therefore In pursuance Of the fore
going and said Chapter 81 Of the
Acts Of the Legislature Of 1908 and OF
the authority Asysted In said Board by
Chapter II Of the Acts of 1911, 1t is
hereby resolved and ordered that the
Board. Of Education OF said Union In.
dependent School Districtstdo borrow
money in the sum OF S25 100000. and
issue and sell bonds to raise said
amount for the purpose of building.
completing, charging. repairing and
furnishing the school houses Nneces-
sary to Accommodate the youth OF
school age within said district. accord
ing to the location and plans to be
adopted by said Board OF Education
for said District. i's91 1880: r
And to provide more definitely con-
corning said bonds 1t is further order
ed: fi5"57 : "a :.
L. Said bonds shall be fifty in num-
be Of the denomination OF $4,000
each. and numbered from one to fifty,
consecutively, making in the aggre.
gate $25.OOO.oO. ~
2. Said bonds shall bear date on
the LIST day Of January. 1912, and be
payable on the 31st day. OF December.
1916, at the National Bank Of Fair
mont, in the City OF Fairmont, West
Virginia, and shall bear interest from
their date at the rate OF five 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 Ton the
31st day Of December. 1912. and so
on. for each succeeding year, until
the bonds mature. unless sooner re-.
deemed or cancelled pursuant to
law. al 49, ~ ( Is y.
3. Said bonds shall be payable to
bearer by "The Board Of Education
Of said Union Independent School Dis
trict." in the County OF Marion. State
Of West Virginia, and shall be sign
ed by the President and Secretary re-
spectively OF said Board. and the cor
porate seal Of the Board shall be af-
fixed thereto, and the interest coupons
shall likewise be so payable and bear
the engraved Or printed signature Of
the Secretary, and they, shall be cut
off when paid. rs 4! Z Z.
4. Said bonds shall refer on their
face to Chapter q, Acts Of the Leg.
islature Of West Virginia, extra SEES
sion. 1908, under; which they are Is
sued, and. shall contain a reservation
of the right Of said Board to pay off
aud redeem the same. or any one or
more OF the same. after ten years
from the date Of issue us provided by
A = o. l