The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-05

Court, and it lis further ordered that
The persons SO selected as said Com
mttee are to act without compensa.
/ ton for their services rendered in dis
posing of said bonds, which said bonds
shall be disposed of in such manner
as shall be by said Committee deter.
led TO be most advantageous to said
District, but said bonds shall be sold
and delivered under the supervision
and direction of this Court and the
President thereof, and, In no event.
shall said bonds be disposed OF for a
sum less than their face value. Said
bonds. so TO be issued. shall be cou.
pom bonds Of the several denomina.
tons of One Hundred Dollars, Five
Hundred Dollars and One Thousand
Dollars, respectively but not TO eX.
coed in the aggregate Four Hundred
Thousand Dollars (Si00.000.00), and
shall be issued and dated September
| |. 1913, and be payable TO bearer at
the Office of this Court thirty years
after date, but conditioned that they,
paid. at the option Of said District, or
at the option Of this Court, on Septem.
Der LIST, 1893. or on any interest date
thereafter the owner thereof being
given sixty days notice OF said Dis
trict's or said Courts election to re.
deem such bond or bonds. by publica.
ton in one Or more newspapers pub
!ished in Marion county, by describing
the bond or bonds SO called for re-
demption. said bonds TO bear interest
al the rate of Five Per Centum per All
nun. payable annually, III said Office
and said interest to be evidenced by
coupons to be attached to said bonds;
! the said coupons TO be executed by the
fac-simile signatures Of the President
of this Court and the Clerk thereof
The plan TO meet the accruing inter
est Oh said bonds and TO pay them Al
maturity. by said District is, 1t shal
be the duty of the County Court OF Ma
rion County to. and said Court shall
purposes in said Fairmont District
provide. by district levy and taxation
as Is required by law, III such cast
made and provided. for the interest OF
said bonds, together with an addition
al fund to be set apart at interest, an
nually, for the purpose. as sinking
fund, sufficient on or before the cXpira
ton of the term Of thirty years to pay
therefor and fully discharge sale
bonds at that time
1t is further orLcred by the Cour
that, in the, event OF said bonds being
disposed Of as aforesaid, the proceeds
thereof shall be. by the purchaser
thereof. placed in the hands of tn,
Sheriff of this County, and it is fur
Their ordered that the said Sheriff, fol
receiving and disbursing said pro
Ceeds, shall receive no compensation
on commission therefor. And the saiI
Sheriff shall deposit said proceeds II
such bank or banks as he may be di
said bank or banks to be required ts
give security therefor, as the Cour
SO orders.
1t also appearing TO the Court, ant
the Court being OF the opinion. ant
doth SO find, that the maximum rate
of levy in said Fairmont District
which the Court is authorized to lay
as provided in Sections 81 and 4, as
the case may be. of Chapter Of the
Acts OF the Legislature Of West Vir
GINA. Extra Session. 1908. will mo-
produce sufficient funds to pay the in
terest on such proposed bonded in
debtedness Of Four Hundred Thousand
Dollars hereinaboYe provided for said
Fairmont District. and TO provide a
sinking fund for the discharge OF the
! principal thereof in thirty years; and
it further appearing 20 the Court, and