The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1915-04-19

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and re-epacted by Act Of the Legs
iatrre, regular session, 1915, WIN not
produce sufficient funds to pay the in
terest ON said bonded Indebtedness
and provide a sinking fund for the
discharge OF the principal in the num-
Der OF years authorized by the issue
or said proposed bonds without lay
ing special bond levy as hereinafter
provided for to pay the interest and
provide sinking fund:
Therefore, in pursuance of the fore
going and said Chapter 20 OF said Acts
of the Legislature, OF 1911. 1t is here
by resolved and ordered that the
Board of Education OF said Fairmont
School District do borrow money in
the sum of forty thousand dollars
(4o,0O0.0O) and issue and sell bonds
to raise said amount for the purpose
OF building. completing, enlarging, re-
pairing and furnishing the school
houses OF said district, as follows.
that is to say:
1. Building and furnishing an s.
room, brick. Graded and High School, !
and acquiring site for same. at Bar
rackville. in sub-district No. 6.
2. Building and furnishing 5 or g.
room, brick Graded School, and &C
curing site for same. at or near
cayenne in sub-district No. 3.
s. Painting the school buildings in
sub-districts Nos. S, 4, ! and 2, which
said buildings are known respectively as
Monumental or Prtckett School, Moody
Run School, Pine Grove School and
Brumage or White Rock School.
4. Drilling a new well at Moody
Run School, in sub-district No. 4.
s. Refurnishing the school build
ings at Pine Grove, in sub-district No.
l and at Monumental, in sub-district
No. s.
6. Making such other alterations,
improvements and repairs to the
school buildings of said district as may
be deemed necessary.
And to provide more definitely con-
corning said bonds, it is further or
dered:
1. Said bonds shall be two hundred
(200O in number. OF which one hun
dred and fifty 15O) shall be of the
denomination of one hundred dollars
($10O.00) each and fifty of which shall
be of the denomination of five hun
dred dollars ($50000) each. and shall
be numbered from one % to two
hundred (200) consecutively, making
the aggregate forty thousand dollars
40,000.00)
2. Said bonds shall bear date on
the LIST day of July, 1915, and be pay
the office of the Sheriff of Marion
County, West Virginia. in the City of
Fairmont, West Virginia, and shall
bear interest from their date at the
rate of five 90 per centum per annum;
they shall have coupons attached for
the payment of the interest thereon,
and the same shall be paid annually
at the same place that the bonds are
payable, on the LIST day of July, 1916,
until the bonds mature, unless sooner
redeemed or cancelled pursuant to
law.
8. Said bonds shall be payable to
bearer by "The Board of Education
of Fairmont School District" in the
County of Marion. State of West Vir-
ginia, and shall be signed by the presi-
dent and secretary respectively of
said board, and the corporate seal OF
the board shall be affixed thereto and
the interest coupons shall likewise 1e
SO payable and bear the engraved DR.
printed signature of the secretary, a1d
they shall be cut off whe1&paid.
4. Said bonds shall refkr on theF
face to Chapter 81, Acts ofEthe LegiE
lature Of West Virginia, extra session.
1908, as amended and re4ehacted 7
Act of the said Legislaturk, reguaN
session, 1915, under whichE theNp are
issued and shall contain a rEse1fationN
of the right of said board To-Day on
and redeem the same, or ahE one or
more of the same, after ten years
from the date of issue as provided by
this order; and shall also state that
provision has been made for the collec-
ton of direct annual tax to pay
annually the interest thereon. and the
principal thereof within and not ex-
ceeding thirty years.
5. Said bonds. after having been
advertised in 1.-THE Fairmont West
Virginia" and "The Fairmont Times"
newspapers of general circulation in
said school district at least once each
week for four successive weeks previ-
Gus to such sale. shall be sold at pub
lie sale to the highest bidder in writing
for cash at not less than their par
value, and the proceeds arising from
said sale of said bonds shall be used
for the purpose of building, complet-
ing. enlarging, repairing and Furnish
ing the school houses of said district,
as follows, that is to say:
1. Building and furnishing an s.
room. brick Graded and High School.
and acquiring site for same, at Bar
rackville. in sub-distict No. 6.
2. Building and furnishing or g.
room. brick Graded School, and &C.
quiring a site for same, at or near
cayenne in sub-district No. 3.
3. Painting the school buildings in
sub-districts Nos. s. 4, l and 2, which
said buildings are known respectively
as Monumental or Prfckett School,
Moody Run School, Pine Grove School
and Brumage or White Rock School.
4. Drilling a new we'll at Moody
Run School, in suh.distrlct No. 4.
8. Refurnishing the school build