West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1915-11-25

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-
ty Court OF Preston County, West Vir-
ginia, entered on the End day of No
vember, 1915, in compliance with the
petition OF more than fifty freeholders
hled 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"
1t Is further ordered that, in the
event of the electorate of said district,
at said election, authorizing the issu-
ance OF said bonds, that the president
or 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
is hereby 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 OF 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
triet in such manner as the president
| and committee may deem best, but in
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.
put 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, in the town of
Nngwood, West Virginia; or at The
Tunnelton Bank, in the town of Tun-
| Melton, West Virginia, at the option
or the holder, thirty-four (34) years
after date, but conditioner that they
or either OF them, may be recalled
serially, and paid at the option of sale
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
hcation 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
at 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 Tunnelt9n, 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 accruing in
terest on said bonds and to pay 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
lor road purposes in said Kingwood
district, provide. by direct levy and
taxation as is required by law in 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.
1t is further ordered by the court
that I'm the event of said bonds being
disposed of as aforesaid, the proceeds
shall he by the purchaser thereof plac-
ed IN the hands OF the sheriff of this
county and IL is further ordered that
the said sheriff, for the receiving and
dlsburslng proceeds. shall receive no
compensation or commission therefor
ana the said sheriff shall deposit said
proceeds In each OF the banks doing
business In the said town of Kingwood.
ana ID the Tunnelton bank, doing bus
mess iH tie tewn ar Tunneiton. West
Virginia, In the manner prescribed nv
Jaw. and the said banks be renuired
TO give security therefor as provided
by law
II is also apparent TO the court. and
me court being Of the opinion that the
maximum rate Of levy in the said
hins"oad district which the court Is
authorlzed 10 lay, as provided I'm sec
lions 2, and 4 OF chapter q NJ Tho
Acts or the Legislature OF West Vir.
ginia. extra session OF nineteen bun
dred eight. will not produce suHicien,
FUNDS to D8y the intarost ON suoh nro.
posed bonded indebtedness OF ono hun
dred sixty thousand doiare. aud to
provide sinking fund for the dis
charge OF the principal thereof in |
thirty-fOur (3f) years: and n further
appearing 10 the court and the oourt |
1oth 50 ma That the maximum lew
necessary each year during the said |
.hlrty-tour t84b years TO paw the said |
interest and 70 provide sinkine fund !
ON SAID proposed bond issue OF ono |
hundred and sixty thousand dollars. is |
three and one-half (3M) mills ON each /
one Sl.OOl dollar valuation OF taxable |
property In said KinRwood district /
The County Court therefore doth here.
by order apd direct that q vote OF the
legal voters be taken IN said magjs- /
terial district of Kingwood In the
county o. preston. in the said state Of /
Wcst Virginia. on
TUESDAY, THE 7TH DAY OF DE
GENDER, 1915.
on the question Of authorizing n may