West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1915-12-23


without compensation for services rem
dered. to confer with and assist the
County Court. In all transactions per-
tanning TO the locating, grading and
proposed work and improvements. or
the letting OF contracts therefor. and
the work OF road construction, and the
auditing OF accounts from time to time
as may be required. and the sale of
said bonds and the expenditure 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 district I'm
such manner as the President and
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 denominations OF One
Hundred (S100.00) Dollars, Five Hun
dred ($5O0.O0) Dollars and One Thou
sand ($l,00O.00) Dollars respectively.
but not TO exceed in the aggregate
one hundred and sixty-four thousand
dollars. and shall be issued and dated
the LIST day of July. 1916. and be pay
able to bearer at Tho Kingwood Ma
uonal Bank, The Bank OF Kingwood.
In the town OF Kingwood. West yir-
ginia, or at The Tunnelton Bank. I'm
the town of Tunnelton, 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 CD
ton OF said district, or at the option OF
this court. on the first day OF July,
1871, 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
ny publication in one or more news
papers published in Preston county
West Virginia, 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 in
tercst at per cent per annum, paw
able semi-annually at the said The
kinewood National Bank, The Bank Of
kingwood, in the town of Kingwood.
West Virginia, or at the Tunnelton
Bank IN the town of Tunnelton, West
virginia. at the option OF the holder.
and tnat the said interest be evidenced
by coupons attached to said bonds.
anu the Salu coupons TO be executed
by facsimile signatures OF the Presi-
dent of this court and the clerk there
OF.
The plan to meet the accruing inter
est 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
for 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
tour (34) years to pay therefor, and
fully discharge said bonds at that
time.
1t is further ordered by the court
that in the event of said bonds being
disposed of as aforesaid. the proceeds
shall be by the purchaser thereof plac-