The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-04-17

,issatsss.s.sts..
ssessaents provided iof IN this see'
ton and section eight three there
IN, lay Of such lands into lots
IT such size as the board deems
i proper assessment against such
and.
see.7s. TAI said city Of Fairmont
$ hereby authorized 10 issue It's bonds
or the purpose Of providing for the
lost Of grading. paving and curbing,
u macadamizing, or otherwise per
nanently improving the avenues
treets, roads and alleys Of, the salt
lty, in anticipation CT special assess
aent to be made upon the propert.
butung upon the avenues, streets
Dads and alleys so improved. SPt,
,onds may be in such an amount a
shall be sufficient to pay the entir
costs and expenses Of said improve
meMts for which such special assess
nents are to be levied; and the sale
'ity is authorized to sell said bonds
nut not below the par value thereof
The amount for which said bonds are
ssued shall be made up OF five bonds
payable in two, four, six, eight and
EN- years, respectively, from the date
If their issue, and shall bear interest
lot TO exceed six per cent rer annum,
payable annually; and in The Issuance
md sale Of said bonds the said city
shall be. governed by the restriction
md limitations Of the constitution Of
his state. and the restriction and II.
mutations of the state laws Of this sta
e relating to the issuance and sales
bonds, SO far as such state laws are.
lot in conflict with the provision Of
his act; and the assessments as pro
'ided for and required to be paid
lerelh shall be applied to the liqulda'
ion Of said bonds and interest the
con, and II, by reason OF the penal
les collected with the Delinquent
assessments. there be any balance
tfter the payment Of the bonds and
III accrued interest and costs, 1t shall
le returned into the city treasury
the credit of the interest and
linking fund OF the city.
But said city shall not become IN
>Iebted in any manner or for any pur'
pose to an amount including existing
Indebtedness, in the aggregate exc
'eding two and one+lalf per centum
IN the value OF all the taxable pro
perty therein, as provided in chapter
tfty.one Of the acts Of the Legislature
If one thousand nine hundred and Fl
e, except for the purpose OF grading
;urblng paving. matchmaking, Of
.therwise permanently improving the
venues, streets, roads and aHeys
herein, or constructing sewers thereit
or elsewhere or acquiring, or TAX;
ng land or easements there
for street and sewer pur
oses, as PROVIDED for in tliis sct, ant
or that purpose in estimating exist
ng indebtedness special assessment
;onds representing the cost Of paving
r other permanent improvements Of
treets, roads, or alleys, 0r the con-
struction OF sewers, or acquiring OIL
aking land for such purposes, and
he cost OF which is assessed against
he abutting property on such ave-
tues, streets, roads or alleys, or Spe'
cially benefited property adjacent
thereto, or on such owner, shall not
le included; and likewise the amount
N any sinking fund, or the amount
invested therefor as provided by law,
or the payment Of outstanding bonds.
shall not be included in the estimate
If existing Indebtedness; provided,
hat the aggregate Of its debt OF eve
ny Kind whatsoever, including such
pecial street permanent Improvement
bonds, Of sewers bonds, shall not
exceed five per ceutum Of the value
Of all taxable property therein.
(b) And its shall be the duty Of
he board Of commissioners to imme
diately certify such assessments tc
the treasurer for collection, as heTeM
provided; and for the purpose OF 70
,illtating the collection Of such assess
nents against the properties herein
he board of commissioners may issue
assessment certificates, with interes
coupons attached thereto, to be dell
vered to and charged against the city
treasurer who shall collect the sane
and as such certificate aad coupons
are paid he shall deliver the cancelled
certificates to the party paying thu
same. "A copy Of said order Shall Bt