The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-04-14

MAYORS PROCLAMATION FOR A
SPECIAL ELECTION TO DE HELD
MONDAY. APRIL nth, 1915.
Notice is hereby gwen that the follow
ular session OF the Common Council Of the
Town OF Lumberport in Harrison County,
west virginia. held at the Council Cham
D per-, In said Town, on the 3rd day Of April,
lVl1 ana proclamation pursuant to said
ordnance for special election to be held
hereunder, reciting said ordinance as re-.
qulred by law. is here made.
ORDINANCE.
AN ORDINANCE providing for the issu-
ing OF bonds by the Town OF Lumberport,
In the aggregate amount OF Twenty Thou
sand Dollars, and the sale of the same, to
provide funds to be used for the following
purposes, to.wit: To grade, pave and per-
manently improve the following streets In
the Town Of Lumberport, to.wit:
| l. Main Street from its intersection with
the street West OF the Baptist Church to
the corner OF Hill Street, In the width OF
II feet.
2. Main Street from the corner of Hill
street 70 the corner Of Chestnut Street, In
the width OF 70 feet.
:. Main Street from the corner of Chest
nut street to the present end OF the street
| car line, In the width of IA feet.
i. Muln street from the end Of tho car
line to the railroad, In the width Of IA
o. Main Street along the street car
line to the river road bridge, In the width
9, Chestnut Street from Its intersection
with Main Street to the corporate limits,
in the width of II feet.
| Z, Bridge Street from It's Intersection
| with Main Street to the western end of the
bridge across Ten Mile Creek, In the width
s. Bridge Street from the southern end
OF said bridge to the Short Line Rail-
road right or way, In the width of IA feet.
any FUNDS remaining from the sale of
/ bonds uvtU tnH Iv,.,. rl....
the streets above mentioned, shall be used
Tor the purpose Of paving Main Street with
concrete to width of II feet from the in
taitt OF Main street with the street
ern direction until said street has been
paved to the corporate limits or until said
funds are exhausted.
inc streets above mentioned shall be
paved with either brick or concrete, or
parts of them with brick ana parts with
concrete aud In such manner and por-
lions LIONS as the engineer, employed by the
| Town OF LumberpOrt, may direct.
| WHEREAS. II is not possible to pro-
vide sufficient funds for the above men
toned purposes, In the period In which
the same Is required to be done by any
levies on taxable properties in said Town
OF Lumberport, within the limits prescrib-
ed by law for levIes and assessments for
municipal purposes, and the only lawful
manner In which such necessary funds can
Pc 2e procured Is BY nm issue and sale OF
/
the statutes OF the State OF West Virginia,
In such cases made and provided, and the
Council OF the Town Of Lumberport, by
resolution, deem 1t expedient for the Town
| OF LumberpOrt to issue Its bonds in the
aggregate amount Of Twenty Thousand
Dollars, H2O0OO.O0), for said purposes.
~ WHEREAS, It is provided in section
4e-B OF Chapter AZ OF the Code of the State
OF west virginia, that all municipal cor
porations for the government OF cities.
towns and villages In this State, are nu-
thorized to Issue their bonds and sell
the same, and 1t is further provided in
| section OF Chapter 4TA OF the 1916 code
OF the State Of West Virginia, that no mu-
nlcipal corporation shall hereafter be al
lowed to become indebted In any manner
or Tor any purpose to an amount, incldd-
ing existing indebtedness, In the aggregate,
exceeding two and One.half per centum on
! the value of taxable property therein; TO be
nscertalned by the last assessment for State
| and County purposes, previous to the in
| curing Of such Indebtedness; nor without
ut the same time providing for the col :,
lection OF direct annual tax to pay annu-
ally the interest on such debt and the
principal thereof within and not exccedin g
thlrty-four years.
| PROVIDED, further, however, that any
city or municipal corporation OF one thou
sand Inhabitants or more is hereby author
lied and allowed to become Indebted In an
additional sum not to exceed two and one
hair per centum on the value OF taxable
| property therein, ascertained ms aforesaid
ior the purpose OF grading. paving, sewer
ing, ana otherwise Improving the streets
ana alleys or said city or municipal cor
poration, but no such debt shall be con-
tracted unless all questions connected
with the same shall have been first sub.
mitted to vote of the people, and have
received three-hfths OF all the votes cast
for and against the same.
| WHEREAS, The Town Of Lumberport
has one thousand Inhabitants or more and
In order to create such bonded Indebted
NP
ana permanently improve said streets il
VIII be necessary to raise the aggregate In
debtedness OF said Town of Lumberport Ia
an amount almost equal to the said extrn
Two ana One-haf per centum OH the tax
able property thereof us nbove mentioned
WHEREAS 1t is provided in section 4
OF chapter 2SA of 1913 code of the State
OF West Virginia, that the Common Council
OF municipal corporation shall not Law !
levy In excess Of thirty-live cents on each
One Hundred Dollars of the valuation OF
the taxable property, ascertained as afOre.
said and In section . Of Chapter 2SA
OF 1913 lode Of the State of West Virginia
II Is provided that II any municipal cor.
poration creates bond indebtedness &C.
be OF opinion that the maximum rate Of
levy, above mentioned, will not produce
sufhcient funds to pay the interest on such
such bond Indebtedness and provide a
sinking fund for the discharge OF the prln.
cipal In the number OF years authorized
by the issue Of the bonds, It may enter nm
order on Its record book of proceedIn rs
setting forth the maximum rate of levy
necessary In each year to pay the inter.
est and to provide such sinking fund, and
} In the same order submit TO the voters Of
the municipality, at the election held fol-
the purpose Of authorizing the bond issue
the question OF such levy
WHEREAS, The Common Council of tn,
Town OF Lumberport is of the opinion thnt
the maximum rate Of levey Of thirty fy'
cents on each One Hundred Dollars Of thI
valuation OF taxable property in said
Town Will not be Sufficient to produce
sufficient funds to pay the interest on such
bond Indebtedness and to provide a sink.
ing fund for the discharge of the prIncI.
pal Of said bonds within twenty-five wears,
and that 1t Will require the maximum rate
each One Hundred Dollars OF the valua.
: tion Of Che taxable property In sAid Towr
In order to produce funds for the current
expenses Of said Town, for the payment
Of the interest on said bonded Indebted
ness and to provide n sinking fund 70,
the discharge Of the principal OF said
bonds in twenty-five years
BE 1T. THEREFORE,, ORDAINED RY
THE COMMON COUNCIL OF THE ToWN
, to the amount Of Twenty thousand Dol
lars, (S20,000.0O), to be expended for III,
l following purposes, to-wit: To grade
from its Intersection with the street Yves
OF the Baptist Church to the corner Of Hi
Street. In the width OF II feet: MAR
Street from the corner Of Hill Street to tn,
corner OF Chestnut Street, In the widtf
Of 20 feet; Main Street from the corne,
of Chestnut Street to the present end D
the street car line, In the width OF IL feet
Main street from the end OF the car line b
, the railroad in the width Of II feet; Mali
street along the street car line to the rive