The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-05-22

Of said bonds, and that a maximum rate OF
levy Of seven cents on each one hundred
trict will be necessary in each year to
pay the interest on said bonds, and to
provide such sinking fund therefor, and
WHEREAS: The said Board OF Education
has further determined that the indebted
bonds, including all existing indebtedness,
Will not, In the aggregate, exceed 2h per
centrum per annum Of the value Of the tax
able property In said School District, al
ascertained by the last assessment thereof
for County and State taxes, and that the
total value of taxable property In said
School District as shown by said last as
sessment thereof for county and state tax
THEREFORE, In pursuance Of the fore
going. 1t Is resolved and ordered by the
said Board Of Education Of Coal District,
Harrison County, West Virginia.
borrow the sum of Fifty Thousand Dollars
($50,OO0.0O) for the purposes Of building,
completing. enlarging, requiring and fur
nishing. the following school houses In
after set out, and at the following locations
In said District, to-wit:
(a) To build, West Of Adamston, one
new modern two story brick graded school
house including mechanical heating and
wsrk, furniture and astures; Complete and
ready for occupancy.
OBJ At Hepzibah, same kind Of building,
etc. az above.
te) To build in East North View one four
room brick building, including mechanical
heating and ventilatinE system. plumbing
electrical work, furniture and fixtures
complete and ready for occupancy.
(d) Despard School, near Tin Plate Mill
For finishing this eight room building, in.
Guiding Mechanical heating and ventiiaing
system. electrical work, furniture and tx
lures; complete and ready for occupancy.
le) The residue Of the money, II any be
left, L. to be used for the purpose Of en-
!arging and furnishing other school houses
in said District, at the places most con.
gested with pupils, 30 as to relieve as far
as possible the present overcrowded condi-
ton Of the schools In said District.
said bonds, it is further ordered that the
said Board Of Education do issue therefor
Its bonds Ito be known as School Build.
Ing Bonds Of 1910 Of the principal sum OF
one thousand Rollars t$1,o0o.00) each, to
fifty (50), both inclusive, and of the aggre.
gate amount Of Fifty Thousand Dollars
t$o0,00O00) bearing date on the LIST day OF
August, 1916, and payable to the bearer on
Of the United States Of America, Of, or
equal to the present standard Of weight
and fneness at the Empire National Bank
Of Clarksburg, West Virginia, with interest
hys ~ per centum per annum. payable at
said Bank, in like gold coin, semi annually
one the LIST day Of February, and August
In each year, until the principal sum OF
said bonds shall be fully paid upon pre-
coupons to be attached to said bonds, as
they severally mature. But the said Board
Of Education shall have the right on any
interest day after the LIST day Of August,
1921. to redeem said bonds or any Of them,
either by paying to the holder or holders
OF said bonds, 50 70 be redeemed In per-
son, or by depositing at said Empire Ma
ttonal Bank sum sufficient to pay the
principal sum Of such bonds SO to be re-
deemed and the accrued interest thereon to
said interest day then remaining unpaid
and upon making such payment to said
holder or holders, or by making such de-
posit at said bank, all the interest due and
deemed shall cease, and the said Board OF
Education shall be thereby released from
any further liability for the payment Of the
principal sum of, and any interest on. said
to be issued shall be signed by the pres
ident and secretary Of said Board Of Edu-
cation, and the corporate seal Of said Board
shall be Affixed thereto and the interest
said President and Secretary, and shall be
cut off when paid.
3. Said Bonds shall refer on their face
to Chapter 45 Of the Code Of West vir-
sued, Il the issue Of said bonds shall be
authorized by the special election herein
after called by this order, and the said
Board Of Education shall cause said bonds
to be prepared In proper form as herein-
practicable after said election, II said
bonds are carried fayorably by vote ut said
election, shall offer for sale and sell said
bonds to the highest responsible bidder, to
cation. for cash, for a sum not less than
the par value Of said bonds, and the mon
eys arising from such sale of said bonds
shall be used by the said Board Of Educa-
and NO ether; but before any such sale Of
said bonds shall be made, notice thereof
shall DO published in some newspaper OF
general circulation in said City Of Clarks-
successive weeks before making such sale
and such additional notice may be given
as said Board Of Education may direct.
4. Said Board Of Education shall in and
for the year Of 1871, 1914 and each successive
edness Is paid on and discharged. levy q
direct annual tax. as provided by law, upon
all taxable property within the magisterial
schoo Which
tutes the School District Of Coal the maxi
mum rate Of which tax to be levied shall
not exceed ., seven IA o cents upon each one
District Of Coal, for the purpose Of paying
the interest on said bonded Indebtedness
and to provide sinking. fund for the pur.
Pose Of paying y. principal ag. Of said bonds.
said LIST day of August, 1915, said
special levy shall be known as (,school
building Bonds Of 19le'D and funds col
lected from such levy shall be used for nc
other purpose than to pay said bonds; but
the sums Of money acculating in said sink.
ing fund, may be deposited In bank on in.
tersst, or properly Invested in securities
according to law.
8. No debt shall be contracted. money
borrowed, bonds sold. or levy made under
or pursuant to this order. until all ques-
tons connected with the same shall have
been first submitted to a vote Of the people
Of said School District Of Coal, described
as Aforesaid at Especial election called By
that purpose on the 9Th day Of June. 1915
said school District, that the District
County. and Statewide Primary Election
IL held, and all questions connected with
said debt, money. 70 be borrowed, and
bonds to be sold, shall have received three
fifths Of all the votes cast for and against
the same, and until the question OF such