Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1916-07-21

West Virginia, in the manner pre-
scribed by law, said bank to be re-
CURED to give security therefor as
required by law, and If said bank fail
or refuse to give the security re-
uuired said Sheriff shall have au-
thority to deposit said funds in the
Bank of Lewisburg. at Lewisburg,
West Virginia, such bank giving such
security.
The plan to meet the necessary &C
cru;ng interest on said bonds and to
pay them at maturity by said dis
trict is:
It shall be the duty OF the County
Court of said Greenbrier county, and
the said Court shall each year, at
the annual levy for road purposes in
said Blue Sulphur district provide,
by district levy and taxation as is re-
quired by law in such cases made and
provided, for the required interest on
said bonds, together with such addl-
tional fund to be set apart as may be
necessary to be used to purchase and
retire said bonds, and for the pur-
pose of fund sufficient to meet the
required annual serial payments and
on or before the expiration of the.
term of twenty years to pay for and
fully discharge all of said bonds.
1t further appearing to the Court
and the Court being of the opinion
that the maximum rate of levy In the
ssid Blue Sulphur district which the
Court is authorized to lay Is provided
in Sections 2, 8, and as the case
may be, of Chapter 8 of the Acts of
the Legislature of West Virginia, Ex-
ira Session, 1908, will not produce
sufficient funds to pay the interest on
such proposed bonded Indebtedness
of 100000 herein provided for,
said Blue Sulphur district to
provide fund for the discharge seri-
ally in annual installments, as afore-
said of the principal thereof in TWEEN
ty years; and it further appearing to
the Court and the Court doth further
find that the maximum levy necessary
for any year during the said twenty
years to pay the said interest and to
provide for each fsaid annual serial
payments Of said proposed bond is
sue Of $75,200.00 for said Blue Sui
pIur district Is so cents on each
10000 of the last assessed valua-
tion of taxable property, of said Blue
sulphur district for State and county
purposes.
The Court doth therefore hereby
order and direct that vote of the
legal voters be taken In the said mag
isterial district of Blue Sulphur in
said Greenbrier county, West Vir-
ginia, ON
Saturday, August 9Th, 1916,
on the question Of authorizing the
maximum special bond levy of
so cents on each 10000
valuation of the taxable prop
erty in said Blue Sulphur dis
trict to pay the interest on, and pro-
vide a fund for each annual serial
payment and the discharge of said
proposed bond issue hereinbefore
provided for; and that said vote shall
sbe taken on the question aforesaid at
the several voting places in the said
Blue Sulphur district at said special
election to be held on
Saturday, August 9TH, 1916,
which has been heretofore herein d.
rected to be held for the purpose Of
taking a vote on the said proposed |
bond issue of $75,200.0O for said
Blue Sulphur district, and the Court |
doth further order and direct that the |
said election commissioners and chal- |
lengers hereinbefore appointed to
take the poll and ascertain the result |
OF said. election. on the. question Of
authorizing maximum special bond !
levy of SO cents on each $4,000
valuation, Of taxable property Of said
Blue Sulphur district to pay interest
and provide fund to meet each an
nual serial payment as aforesaid In
the discharge Of said proposed bond
issue. and it is further ordered that !
the Clerk of this Court shall forth
with prepare poll books, ballots, ETC.,
as may be necessary for the purpose
of taking and certifying said special
election on the question of autfortz-
ing said maximum special bor+ levy
as aforesaid, to be delivered by him