The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-20

llshcd in Marion county, by describing
the bond or bonds so called for re.
dempton. said bonds to bear interest
tat the rate OF Five Per Centum per an.
NUN, payable, annually, at said Office,
and said interest to be evidenced by
coupons TO be attached to'said bonds:
the said coupons to be executed by the
facsimile signatures Of the President
of this Court and the Clerk thereof.
The plan TO meet the a.ccrulng inter.
est on said bonds and to pay them at
maturity, by said District Is, it shall
he the duty OF the County Court OF Ma.
rion County to-. and said Court shall.
each year. at the annual levy for road
purposes In said Fairmont District,
provide. by district levy and taxation,
us Is required by law, in such case
made and provided, for the interest on
said bonds. together with an addition.
nj fund to be set apart at interest, an.
nually, for the purpose. as a sinking
fund, sufficient on'or before the eypira.
lion Of the term of thirty years to pay
therefor and fully discharge said
bonds at that time
1t 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 il.
I such 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.
1t also appearing 10 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 8 OF the
Acts OF the Legislature of West Vir.
ginia, Extra Session, 1908. will not
produce sufficient funds to pay the in
tcrest on such proposed bonded in
debtedness of Four Hundred Thousand
Dollars hereinabove 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 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 10 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 dI.
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,
en- 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 the
discharge OF the said proposed bond
issue herelnabove provided; and that
said vote shall be taken on the ques-
ton last aforesaid at 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.
bose of taking yOte on said nronoscd
bond issue of Four Hundred Thou.