The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-04-28

Court, and Il Is further ordered that
The persons so selected as said Com.
mittee are ID act without compensa.
lion 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 10 be most advantageous 10 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.
non bonds OF the several denomina-
+ lions OF One Hundred Dollars, Five
Hundred Dollars and One Thousand
Dollars, respectively, but not to e%i
coed in the aggregate Four Hundred
Thousand Dollars ($4O0,0 100000, aud
shall be issued and dated September
II, 1913, and be payable to bearer at
the Office of this Court thirty years
latter date, but conditioned that they.
or any Of them, may be recalled and
Ipaid, at tho option OF said District, or
al The option of this Court, on Septem'
II 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 publica.
ton in one or more newspapers pub
llshed 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 an
mum, payable annually, ut said Office
and said interest 10 be evidenced by
coupons to be attached to said bonds;
1.-The said coupons to be executed by the
fac-simile signatures OF the President
loC this Court and the Clerk thereof.
The plan TO meet the accruing inter.
est on said bonds and to pay them al
maturity, by said District Is, 1t shall
EDe the duty OF the County Court OF Ma
Iron County to, and said Court shall!
leach, year, at the ANNUAL levy for .road
Ipurpose1 in said Fairmont District
Inrovide, by district levy and taxation
las Is 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 e%pira'
lion OF the term OF thirty years to pay
Therefor and fully discharge said
bonds at that time
It is further ordered by tie 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
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
such bank or banks as he may be di-
lFected by this Court so 10 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, 8 and 4, as
1.-THE case may be. Of Chapter Of the
Acts or the legislature OF West Wiz
Iginia, Extra Session, 1908, will not
produce sufficient funds 10 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
III further appearing TO the Court, and