The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-14

lshed in Marion county. by describing
ihe bond or bonds SO called for re
demphon. said bonds to bear interest
al the rate of Five Per Centum per an
atm, payable aHnuai';, ut said Office
md said interest to be evidenced by
coupons to be attached TO said bonds:
he said coupons to be executed by the
fac-simile signatures OF the President
Of this Court aud the Clerk thereof.
The plan 10 meet the eecraing inter
est on said bonds and to pay them at
maturity. by said District is, II shall
be the duty Of the County Court OF Ma
zion County 10. and said Court shall.
each year, ut the annual levy for road
purposes In said Fairmont District
nrovide. by district levy and taxation.
as is required by law, in such case
made and provided, for the interest on
said bonds. together with an addition.
oil fund to be set apart at interest, an.
| nually, for the purpose. as n sinking
fund, sufficient: on or before the eXpira.
ton OF the term of thirty years to pay
therefor and fully discharge said
bonds at that time
II is further ordered by the Court
that, in the event OF said bonds being
disposed Of rs aforesaid, the proceeds
thereof shall be. by the purchasers
thereof, placed in the hands Of the
Sheriff of this County, and 1t is fur.
Their ordered that the said Sheriff, for
receiving and disbursing said pro.
ceeds, shall receive no compensation
or commission therefor. And the said
Sheriff shall deposit said proceeds i'll
| such bank or banks as he may be di.
rected by this Court so 10 do, and the
said bank or banks to be required 10
give security therefor, Us the Court
, SO orders.
II also appearing to the Court, and
| the Court being OF the opinion, and
doth so find, that tho maximum rate
Of levy in said Fairmont District,
which the Court is authorized to lay,
as provided In Sections 2, 3 and 4. as
fthe case may be. of Chapter 3 Of the
Acts OF the Legislature Of West Vir.
ginia, Extra Session, 1908, will not
tproduce sufficient funds to pay the IN
terest on such proposed bonded in.
debtedness OF Four Hundred Thousand
Dollars hercinabove provided for said
Falrmont District, and to provide O
sinking fund for the discharge Of the
principal thereof in thirty years; and
II further appearing to the Court, and
the Court doth SO find, that the maxi.
mum levy, necessary in each year, dur.
Ing said thirty years. to pay the said
interest and TO provide sinking fund
on said proposed bond issue of Four
Hundred Thousand Dollars for said
Fhirnont, District Is Eighteen Cents
on each One Hundred Dollars yalua
ton OF the taxable property in said
Fairmont District. The County Court,
therefore. doth hereby order and Of.
rect that 4 vote Of the legal voters
BE taken in said Magisteriai District
lot Fairmont, In said County Of Ma
rion, in said State OF West Virginia,
on Tuesday, May 9th, 1918, on the
question Of authorizing a maximum
Special Bond Levy OF Eighteen Cents
On each One Hundred Dollars valua.
ton OF taxable property in said Fair.
mont District. to pay the interest on,
and provide 4 sinking fund for the
discharge Of the said proposed bond
Issue hereinabove provided: and that
said vote shall be taken on the CUES.
ton last aforesaid Al the several vot.
Ing places in said Magisterial District
OF Fairmont. at said Special Election,
TO be held. on Tuesday, the 9Th day
of May, 1913. which has hereinbefore
been directed to be held for the pur.
pose OF taking vote on said proposed
bond issue of Four Hundred Thou.