The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-07-31

Town, after he shall have given sufficient
bond, and by him deposited in some bank
or banks in the City OF ClarkSbuTg, West
Virginia under such terms and conditions
as the Common Council may by resolution
or otherwise prescribe; and such money
shall be used and expended only for the
purposes herein mentioned under the direc-
ton Of the Common Council Of said Iow''
as provided by law. But before any sale
Of such bonds shall be made notice Of sucn
sale shall be advertised in two newspapers
published In the City Of Clarksburg, West
virginia, and Of general circulation in said
Town OF Stealey Heights for at least four
weeks prior to such sale and none OF said
bonds shall be sold at less than par value.
FIFTH-The Common Council of the
Town OF StcaIey Heights shall In each year,
for the period OF ten years beginning with
the assessment year, 1915, provide for q
direct annual tax upon all property within
said town not exceeding thirty three lt6l
cents upon each one Hundred Dollars
$4,000 value Of such taxable property
sufficient, together with all other property
and funds available FOR that purpose. TO
pay annually the interest accruing on said
bonds and the principal thereof within and
not exceeding ten QO) years and each ana
every year thereafter for that period, Tor
the purpose Of paving annually the interest
Oh said bonds and the principal of the
same within the period Of ten QOl years
from the first day Of September, 1915. said
levy shall be in addition TO all other leSles
and assessments made by the Conn. on
Council (of said Town Of Stealey Heights
for any and all purposes, IN eaCh year
Provided. however, that the said levy TO.
gether with sll other leyieS and assessments
for municipal purposes made by the Com
mon CounCilI shall not for any one year
exceed one hundred 900 cents on each
one hundred 900 dollars OF the taNable
property within the Town as ascertained
by the last assessment prior TO that year
for State and County purposes.
And the Common Council OF the Iown
Of Stealey Heights upon the completion
OF all work In connection with the grad
ing, paving and Curbing OF the streets ana
alleys hercinbefore specified shall nave the
en- gineer selected by said Town to ascer-
tnin and determine by calculation the costs
OF said paving grading and curhing' ana
the portion Of said costs to be charged TO
each Of said property owners OF the prop,
crty ubutting upon the said streets ana
alley 50 paved and shall publish all no.
tees in connection Herewith and snail as
SesS the cost OF said paving IN the respec-
tive portions to the respective properly
owners oi property ahuJting upon said
streets and alley so graded, paved and
rurhcd. and shall certify the same 20 Inc
Clerk of the County Court OF said harri-
snO County, West Virginia, TO be entered
according to law, upon the proper records
and Il shall do any and all other acts nee
essary in connection with said grading,
having ana Curbiug rs provided by law
said assessments shall be known as Paw
ing Assessments and the money arising
from said assessments shall not be appued
for any other purpose, or purposes, than to
nav the interest annually upon the bonds
and to discharge the principal
Of said bonds as required or permitted by
this ordinance. Provided, however, that
the funds so derived applicable to the dis.
charge Of the principal of said bonds shall
he invested temporarily as required by law
in such cases made and provided, and as
directed by the said Common Council untiI
such time rs said bonds hereinaboYe pro.
vldcd to he issued may become due and
pnyabla or become redeemGble MS herein
provided.
SIXTH-That the said bonds when so Is
sued and sold and the interest coupons
thereof, shall. whenever they become due
and payable he receivable In payment OF
taxes and lcvies assessed and due upon the
in the said town for municipal
purposes.
SEVENTH-That no bonds shall be is
sued under this ordinance until all queS-
lions connected with the same shall first
have been submitted to the qualified voters
rf tho Town Of Stcaley Heights at Il spec.
aI election to be held for that purpose
1nlv. and shall have been asSPnted 10 by
n least threc-ffths OF all votes cast for
md against the same, and not then until
'he question OF the special levy aforesaid
AS the Paving Fond Levy
shall have been submitted to the said vot;
,rs at the same election and the same shall
lave been asSented to by at least three |
ifths OF MI the votes cast at such election (
n accordance with the provisions OF the
and laws Of the State of West .
Virginia in such cases made aud provided. .
EIGHTH. That after the adoption Of this .
ordinance by the Common Council Of the
Town Of Stealey Heights the Mayor Of said .
Town shall as soon as practicable Issue .
PROCLAMATION reciting this ordinance ana
,ppointIng n day upon which special cleo |
ion shall hc held by the qualified voters
Il the said Town to decide: l