The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1915-04-26
PROCLAMATION AND NOTICE OF
ELECTION FOR SCHOOL BOND
ISSUE AND LEVY.
To the Qualified Voters Of Fairmcnt
School District In the County Of
Marion and State Of West Virqinia.
TAKE NOTICE.

THAT, at a legal meeting of the
Board of Education of Fairmont School
District. in the County of Marion. and
State of West Virginia. held on the
18th day of March. 1915, the follow
ing order was adopted and entered on
record. namely:
1t appearing to the Board of Educa-
ton of said Fairmont School District.
that to properly accommodate the
youth OF school age residing in said
district, it is necessary to issue bonds
in the sum of forty thousand dollars
40,000.00), as provided by Chapter
20 of the Acts of the Legislature. 1911.
in order to procure money for the
purpose of building, completing en-
larging. repairing and furnishing the
school houses i'll said district: ii APP.
pearing further that the said district
has no present existing indebtedness;
that the total value OF the taxable
property in said district, as ascertain.
ed by the last assessment for state
and county taxes, is three million
seven hundred fourteen thousand five
hundred seventy dollars and nine
cents $1,000; and that this
proposed bonded Indebtedness does
not exceed 2R per centum of the said
value of the taxable property in said
district and said Board of Education
being of the opinion that the maximum
rate of levy provided Tor in Section
Fl OF Chapter 81. Acts of the Legis-
lature, extra session, 1908, as amended
and re-enacted by Act Of the I.egis-
lature. regular session, 1918, will not
produce sufficient funds to pay the in
terest on said, bonded Indebtedness
and provide sinking fund for the
discharge of the principal in the num-
Der OF years authorized by the issue
OF said proposed bonds without lay
ing a special bond levy as hereinafter
provided for to pay the interest and
provide a 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 morley in
the sum of forty thousand dollars
(40.000.00) 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:
l. Building and furnishing an s..
room, brick. Graded and High School.
and acquiring site for same. at Bar.
rackville. in sub.district No s.
&. bulIulhS anu FURNISHING 4 D or b.
room, brick Graded School. and &C.
quiring a site for same. AT or near
cayenne in sub.district No. s.
s. Painting the school buildings in
sub-districts Nos. s. 4. and .. which
said buildings are known respectively as
Monumental or Prickett School. Moody
Run School. Pine Grove School and
Brumage' or White Rock School
4. Drilling a new we'll at Moody
Run School. in sub-district No. 4.
5. Refurnishing the school build.
ings at Pine Grove. in sub-district No.
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. 1t is further or.
dered:
l. Said bonds shall be two hundred
(200) in number. of which one hun
dred and fifty G50) shall be OF the
denomination of one hundred dollars
G10o.O0) each and fifty OF which shall
be of the denomination OF FIVE hun.
dred dollars (S500.00) each, and shall
be numbered from one a to two
hundred (200) consecutively. making
the aggregate forty thousand dollars
(S40. O0o.00)
.. Said bonds shall bear date on
the list day OF July. 1915. and be pay.
able on the LIST day OF July. 1915. at
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 (5) 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.
and SO on. for each succeeding year,