The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-05-02

Court. and II is further ordered that
| he persons so selected as said Com
mittee are to act without compensa.
ton 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.
cd TO 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 u
fhum less than their face value. Said
bends, so TO be issued, shall be cou.
1pon bonds OF the several denomina.
lions OF One Hundred Dollars. Five
Hundred Dollars and One Thousand
Dollars, respectively, but not to eX.
coed in the aggregate Four Hundred
Thousand Dollars ($4O0OO0.OO), aud
lahall 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,
or any of them, may be recalled and
paid. at the option Of said District, or
al the option of this Court. on Septem.
her LIST. 1888, or on any interest date
thereafter. the owner thereof being
given sixty days notice OF said Dis.
iricts or said Courts election to re.
deem such bond or bonds, by publica.
ton in one or more newspapers pub.
ilshed in Marion county, by describing
the bond or bonds SO called for re.
ldemntion. said bonds TO bear interest
at the rate OF Five Per Centum per an.
mum. payable annuity, at said Office,
and said interest TO be, evidenced by
coupons to be attached to said bonds
the said coupons to be executed by tile
fac-simile signatures Of the President
lof this Court and the Clerk thereof.
The plan to meet the accruing 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.
rlon County to, and said Court shall,
each year, at the annual levy for road
purposes in said lTairmont District
provide, by district levy and taxation
as Is required by law, in such case
lmade and provided. for the interest on
said bonds. together with an addition,
al fund 10 be set apart at interest, an.
nually, for the purpose, rs n sinking
fund, sufficient OH or before the expira.
| ton of the term Of thirty years to pay
therefor and fully discharge said
bonds at that time
1t Is further orLered by 1.-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.
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.
rected by this Court so TO do, and the
said bank or banks to be required 10
give security therefor, as the, Court
SO orders.
| 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 lag,
as provided in Sections 2. 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.
debtedness OF Four Hundred Thousand
Dollars hereinabove provided for said
Fairmont District. ana to provide a
sinking fund for the discharge Of the
4 principal thereof in thirty years; and
it further appearing 10 the Court, and