The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-22


10 BE selected by this Court, said Com.
mittee to be composed OF three men,
who shall be chosen from the citizens
OF said Fairmont District; said Com.
mittee TO dispose OF said bonds for
and on behalf OF said District and thu
Court. and 1t Is further ordered that
the persons SO selected as said Com.
mittee are TO act without compensa-
tlon 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.
ed to be most advantageous to said
District. but said bonds shall be sold
and delivered under the supervision
and diression 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. SC to be issued, shall be cou.
pom bords OF the several denomina.
lions OF One Hundred Dollars, Five
Hundred Dollars and One Thousand
Dollars. respectively. but not to ex-
coed in tae aggregate Four Hundred
Thousand Dollars ts400,000,00t, aud
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,
"r any OF them. may be recalled and
paid. at the Option Of said District, or
at the option OF this Court. on Septem.
her list. 1898. 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 publca.
tion In one or more newspapers pub
.lshcd 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 Centlim per an.
mum, payable annual!y, at said Office,
aud said interest 10 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 sccruing inter.
est on said bonds and to pay them at
maturity. by said District Is, it shall
be 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.
as Ia required by law. in such case
made and provided, for the interest on
said bonds. together with an addition.
nj fund 10 be set apart at interest, an.
hually. for the purpose, as n sinking
fund. sufficient on or before the eXpira.
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 it Is fur.
tler 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
such bank or banks as he may be di.
reGted by this Court so to do. and the
said bank or banks to be required to
give security therefor, as the Court
SO orders. Z. j,i5
1t 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, az
;he case may be. Of Chapter 8 OF tn
Acts OF the Legislature of West Viz
"inia. Extra Session. 1908, will no,
produce sufficient funds to pay the In
arrest on such proposed bonded In.
debtedness 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
1t further appearing to the Court, and
the Court doth SO find, that the maxi
mum levy, necessary in each year, du'
ing said thirty years, to pay the SAL
interest and to provide sinking fun,
on said proposed bond Issue OF Fo,.
Hundred Thousand Dollars for sal
Fairmont District Is Eighteen Gem
on each One Hundred Dollars valn,
ton OF the taxable property In sal
Fairmont District. The County Cour:
therefore. doth hereby order and q
'SNt tho' No't VI lHe regal NOtet
be taken In said Magisteriai Distri,
OF Fairmont, in said County OF Nj
ron. in said State OF West Virginia
On Tuesday, May 9Th. 1913, on tn
question Of authorizing a maximum
Special Bond Levy of Eighteen Cent
on each One Hundred Dollars valus
lion OF taxable property in said Fai
mont District. to pay the interest o,
md provide sinking fund for tb
discharge of the said proposed bon
Issue herelnaboye provided: and tha
said vote shall be taken on the que.
tion last aforesaid at the several vo'
ing places in said Magisterial Distric
OF Fairmont, at said Special Election
to be held on Tuesday. the 9th da.
OF May, 1913. which has hereinbefor,
been directed to be held for the pur
pose OF taking vote on said proposed
bond issue OF Four Hundred Thou
sand Dollars for said Fairmont Dis
trict; and the Court doth further or
der and direct that the same Election
Commissioners. Election Challenger.
and Registrars hereinbefore appointed
to take the poll and ascertain the re
suit OF said Special Bond Election
hereinbefore provided in such manne;
t.