West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1915-11-11

poll books. ballots. etc, as may be
necessary for the purpose OF taking
and certifying said special election;
the same to be delivered by him to
said commissioners OF election. The
said ballots shall have printed there
on, directly over the words For
Bonds" and Against Bonds" the fol-
lowing words, namely: SPECIAL
ROAD BOND ELECTION, KINGWOOD
DISTRICT, held by order OF the Coun-
~ Court OF Preston County. West Vir-
ginia, entered on the End day OF No
vember, 1915, i'm compliance with the
petition of more than fifty freeholders
filed with the Court, asking for a spec
ial election to authorize the issuance
of bonds in the sum of One Hundred
Sixty Thousand Dollars. according to
law, to improve the roads of said dis
trict specified"
IL is further ordered that. i'm the
event of the electorate of said district.
at said election, authorizing the issu-
ance of said bonds, that the president
OF this court, be, and he is hereby
authorized and directed to execute
the bonds of said Kingwood district.
for and in the name of the district.
and to sign the same as president OF
this court, and the clerk of this court
is he'eby directed and authorized to
countersign said bonds and attach the
seal of this court thereto, which said
bonds shall be. by the president of
this court. in conjunction with a com
mittee OF three citizens of Kingwood
district, appointed by an order of the
court, which committee shall serve
without compensation for service rem
dered, to confer with the county court
In all transactions pertaining to the
sale OF said bonds and the expendi-
lures or the proceeds, etc, sold and
delivered under the supervision of this
court. and the president thereof: said
bonds shall be sold and disposed of to
the best advantage of the said dis
trict in such manner as the president
ana committee may deem best, but i'm
no event shall said bonds be disposed
OF for sum less than their face value
said bonds so to be issued, shall be
serial coupon bonds of the several de-
nominations of five hundred ($5OO) dol
lars and one thousand Isl ,000) dollars
but not to exceed in the aggregate one
hundred and sixty thousand dollars
and shall be issued and dated January
LIST, 1916, and be payable to bearer at
The Kingwood National Bank. The
Bank of Kingwood, i'm the town of
kingwood, West Virginia: or at The
Tunnelton Bank, in the town of Tun-
Melton. West Virginia, at the option
OF the holder, thirty-four (34) years
after date, but conditioned that they.
or either of them. may be recalled
serially. and paid at the option of said
district, or at the option of this court,
on the first day of January, 1921, and
each year thereafter, on the same
date. the owner being given 60 DAYS
notice of said districts or said courts
election to redeem said bonds by pub
llcatlon in one or more newspapers
published in Preston county, West Vir-
ginia, by describing the bond or bonds
so called for redemption and giving
the serial numbers thereof, and the
bonds shall show on their face their
serial numbers redeemable on each
annual period, and shall bear interest
al per cent per annum, payable semi
annually at the said The Kingwood
National Bank, The Bank of King
wood, in the town of Kingwood West
Virginia. or at The Tunnelton Bank
in the town OF Tunnelton, West Vir
ginia. at the option of the holder.
and that the said interest be evidenced
by coupons attached TO said bonds.
and the said coupons to be executed bv
facsimile signatures Of the president of
this court and the clerk thereof.
The plan to meet the accruinR in
terest on said bonds and TO paw them
at maturity by said district is. il shall
be the duty of the County Court of
Preston county, to. and said court
shall, each year. at the annual levy
for road purposes in said Kingwood
district. provide, by direct levy and
taxation as is required by law i'm such
cases made and provided for the in
terest on said bonds. together with an
additional fund to be set apart at in
terest, annually, or used to purchase
and retire bonds. for the purpose. as
sinking fund, sufficient on or before
the expiration OF the term of thirty
-FOUR t34) years therefore and fully
discharge said bonds at that time
III is further ordered by the court
that I'm the event OF said bonds being
disposed of as aforesaid. the proceeds
shall be by the purchaser thereof pIac-
ed in the hands OF the sheriff of this
county and IL is further ordered that
the said sheriff, for the receiving and
disbursing proceeds. shall receive ne
compensation or commission therefor
and the said sheriff shall deposit said
proceeds IN each of the banks doipg
business I'm the said town OF Kingwood
and IN the Tunnelton bank, doing bus-
mess in the town % Tunnelton. West
virginia. I'm the manner prescribed nv
law, and the said banks be required
10 give security therefor as provided
by law.
II is also apparent 10 the court. and
The court being OF The opinion that the
maximum rate OF levy I'm the said
Nlugwood district, which the court is
authorized 10 lay, as provided I'm sec
'lons =, and Of chapter . Of the
Ncts OF the Legislature Of West viz
@lnla. evira session OF nineteen hun
dred eight. wifi not produce sufficient
'unds 10 pav the Interest on such pro
nosed bonded Indebtedness Of ono INN
dred sixty Thousand dollars and ~
"ro"ide sinking fund for the die
charge Of the principal thereof in
lhirty-four (34) years: and ~ furtbor /
1nDcaring 10 tho court and tho court |
10th so find that tho maximum, low |
necessary each year during tho eeid |
'hirty-four t24) years. to nav tho said /
interest and to provide sinking fp,d i
ON said proposed bond issue Of ono /
'uTdrod and sixty thousand doItare 10
.hree e"' one-half (3h) mills ON each /
'ne '$l O0) dollar valuation Of taxable
1roDertv IN said Kingwood district
tho County Court therefore doth hero
Nv order and direct that a vote OF tho
.eFa voters be taken in said magiq-
.erial district Of KinRwood I'm tho
.o"ntv Of Preston, in the said state ~
Wcsi Virginia. on "
TUESDAY, THE It'll DAY OF mn
GENDER. 1915.
IN the question Of authorizing max