The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1915-02-26
md Canebrake and to the town Of Hart

and Canebrske and TO the town Of Hart
we'll.
THIRD: Beginning at the town of
Canebrske and crossing the ridge be-
tween Dry Fork and Jacobs Fork and
connecting with the proposed road up
Jacobs Fork st or near squire post Office.
IL appearing TO the court that said in
deboedness. including existing indebted
ness, does not exceed two and one-haif
(2 l-2) per crntum of the value OF the
...-.-ss.S $500 Of said msgisterisl dis
trict a. sscertained 10y the last as-s-sssfsens
for state and county levie- previous o.
the mourning Of indebtedness; and il j.
further ordered that there he levied and
collected upon the tsxable property of
said Big Greek magisterial district di-
ret annual tax sufficient % pay semi-
annually the interest on said bonds and
the principals thereof within and not ex-
ceedibg thirty (3O) years. but such tax
shall not exoeed twenty (3D) cents on
each one hundred dollars (SlOO.Oo) val
uatiOn Of the taxable property in said
magisteriai district.
said bonds shall lie issued in denom-
nations of not less than one hundred
dollars (Slv'u), nor more than one
thousand dollars tSls0.OO), and shall
be dated the lst day of May. 1915. and
he payable on the l-t day of May, 1915,
but may IL redeemed at any time after
twenty (3o) year. from the date Thereof,
AZ the option of the County Court OF Me
Dowell county they shall he payable at
the Berwind Bank, Berwind, Mcdowell
county, We-t Virginia, and shall bear
interest from their date until paid at the
rate Of five 60 per centum per annum !;
payment OF the interest, and the same
shall he paid semi annually at the same
place that the bonds are payable, on the
LIST day Of May and LIST day Of November
of each year. until the bonds mature, un-
less sooner redeemed or cancelled accor-
ding "a law.
Said bonds shall refer on their face TO
Chapter p, Acts Of the Legislature Of
West Virginia Session l9l under which
they are issued, and shall contain a rt-ser-
walton of the right of said county court
To pay off and redeem the same, or any
one or more OF then.. after t~enty (2O)
years from the date Of issue, as provided
10y this order; and shall also state that
provision has been made for the collec-
ton OF a direct annual tax TO paw semi
annually the interest thereon, and the
principal thereof within and not exceed-
ing thirty (3O) years.
Upon the ratification OF this order by
not less than three fifths of the legal vo-
tiers OF SAID Bih Greek magisterial dis
trict, voting on the same at said special
election, the said bonds shall be issued
IN the name of said district, and the
President Of this Court il hereby author
i1ed and empowered ID execute, sell and
deliver the said bonds, AMI re~eive the
Il -.
Said bonds shall he payable t. bearer
10y the County Court of Mcdowell coun-
ty, from funds derived from the levy
herein provided for upon the property Of
said Big Greek magisterial district, and
shall lie signed by the President of said
Court, and countersigned by the clerk
thereof, with the seal q the County
Court attached thereto, and the interest
coupons shall be likewise payable, and
shall bear the engraved or printed sig
nature OF the clerk, and they shall be cut
off when paid
Said bonds, after having been adver-
tised nm some newspaper for four weeks
previous TO the sale, shall be sold at pub
he Sale To the highest and best bidder for
cash, at not less than the par value, and
the proceeds arriving from said sale OF
said bonds shall be used for the purpose
OF constructing roads i'm said Big Greek
distri as hereinbefore pro-
vided
As hereinbefore stated, said bonds shall
be subject To redemption after twenty
GOD years from their date, at the option
OF the County Court of Nc Dowell county.
The clerk, 10y order Of the Court, shall
each year give notice 10y publication a.
the holder or holders of the bonds u be
redeemed that on and after day named