The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-15

l.lshed In Marion county, by describing
the bond or bonds SO called for re.
dempton, said bonds to bear interest
at the rate Of Five Per Centum per an.
mum, payable annually, ut said Office,
EaHd 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.
lest on said bonds and to pay them at
maturity, by said District Is, II shall
be the duty OF tho County Court OF Ma.
Erion County to. and said Court shall,
each year, at the annual levy for road
purposeo. In said Fairmont District,
provide. by district levy and taxation,
as ID required by law, in such case
made and provided, for the interest on
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 expira.
Ftion 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 as 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 III
isuci bank or banks as he may be d.
rected by this Court SO to do. and the
said bank or banks to be required to
give security therefor, as the Court
SO orders.
It also appearing TO the Court, and
the Court being Of the opinion, and
doth so find, that the maximum rate
of levy In said Fairmont District,
which the Court is authorized to lay,
as provided In Sections 2. 3 and 4. as
the case may be. of Chapter OF the
Acts OF the Legislature Of West Vir.
ginia, Extra Session, 1908, will not
produce sufficient funds to pay the in.
terest on such proposed bonded in.
debtedhess OF Four Hundred Thousand
Dollars hereinabove provided for said
Fairmont District, and to provide q
sinking fund for the discharge Of the
principal thereof In thirty years; and
it further appearing to the Court, and
the Court doth 80 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
Fairmont 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 d..
rect that a vote Of the legal voters
be taken in said Magisteriai District
of Fairmont, In said County Of Ma
rion, in said State OF West Virginia,
on Tuesday, May 9Th, 1913. 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 sinking fund for tho
discharge OF the said proposed bond
issue hereinabove provided; and that
said vote shall be taken on the ques.
tion last aforesaid at the several vot.
fling places In said Maglsterial District
.of Fairmont, at said Special Election,
to be held on Tuesday, the 9th day
of May, 1918. which has hereinbefore
been directed to be held for the pur.
pose of taking vote on said proposed
bond issue OF Four. Hundred Thou.