The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-05-20
AN ORDINANCE FOR THE BORROW

THEREFOR BY THE BOARD OF EDU-
cATI9N OF TIE DISTRICT Of CLA n
THE PURPOSE OF BUILDING AND FUR
SlsHING THO SCHOOL BUILDINGS.
AND ENHANCING AND FURNISHING
ONE school DuiLDING; FOR a LEVY
AND PROVIDE y SINKING FUND
ELEGTioN suliMlTrlNG no a voTH OF
THE PEOPLE ALL QUESTIONS CON
NECrED THEREWlTH.
Whereas, 1t is necessary for the Board OF
Education OF the District of Clark, In the
County Of Harrison Hereinafter sometimes
called the Board Of Education to borrow
and issue bonds therefor. for the purpose
Of building, enlnrging and furnishing, as
hereinafter specified. school houses ia the
School district OF Clark. In clarks District,
Ia Harrison County, West virginia, lhsre-
matter called snid school distfict) and,
Whereas, the value Of the taxable prop
erty III SAID school district as nscertained
Us the last assessment for state and coun-
ty purposes is four million four hundred
and two thousand three hundred and six
"A, 40230G) dollars, and said sum SO to be
borrowed does not, including. existing In
debtedness, In the aggregate, exceed tive
and one-half per centuIn OF the value Of tile
taxable property IN said district NJ as
certHined by slld last assessment and,
Whereas. the Board Of Education il Of
the opinion that the maximum rate of levy
provided ~ section twenty one Of chapter
amended and. rs-enaeted by Chapter 81 Of
duce sufficient funds to pay the interest ON
such bonded indebtedness, and provide a
sinking fund for the discharge Of the prin-
cipal thereof In the number Of years au-
thorixed by the Issue Of such bonds, and a
maximum rate of levy of ELEVEN cents
upon each one hundred 900 dollars Of
valuation Of taxable property Will he nee
eSkAfy I'm each wear to nav snid Interest and
to provide sucl, sinking fund;
Now, therefore. he 1t resolved by the
Board Of Education of the District Of
j. That the board Of Education do bor-
row the sum Of forty thousand t40000)
dollars aforesaid for the following pur-
poses. to-wlt: to build aud furnish with
County Of Harrison. in the State of West
virginia, one .twelye-room brick school
building on the site now owned by said
Board on the south side of the clarksburg
New Fair Grounds; one two room frame
school building on the site Of the present
So-called Custer school, and to enlarge and
furnish the enlargement Of the existing
Industrial Addition III said District: and
that the Hoard of Education do issue
therefor Its bonds Ito be known and des..
ignated us Building Bonds Of 1867 Of
the principal sum OF One Thousand (1OO0)
from one ~ to forty (40) both inclusive
sand (4o.oods dollars, bearing date Of 't the
first !, day ,a 81 July nineteen hundred and
the frst day Of July, nineteen hundred
and thirty.one (1o31) in gold coin Of the
United States Of America, of or. equal to the
present sta. STANDARD Of weight and Oneness at
West Virginia, with interest thereon from
the date thereof at the rats Of i've 10y
per centum per annnm, such interest to be
payable at said Office in Ike gold coin.
and July In each year. until the principal
sum thereof shall be fully paid. upon
presentation and surrender Of the interest
coupons to be thereto annexed as they sew.
shall have the right on any interest day af.
ter the first day of July, nineteen hundred
and twenty six (1926( to redeem said bonds
or any Of them. either BY paying to the
redeemed In person or by depositing ut
said bank 4 sum in like gold sufficient to
pay the principal sum OF such bonds no
to be redeemed and the accrued interest
and upon and by making such payment TO
said holder or holders or deposit at said
once, all interest on said bonds 80 to be
Teassasa shall l, s sease sand, and the Hoard q
all further liability for the. principal sum
Of. and any interest on. said bonds 80 TO
be redeomed; provided, however, that said
bonds, or any Of them. shall be- redeemed
on any interest day az Aforesaid only
after tho bonds to be redeemed shall have
besn selected by the Board OF Education
by lot from the other bonds Of the same
series, for redemption: and after such
aAleclon due notice to the holder or hol-
ders Of such bonds SO to be redeemed, of
the election OF the board Of Hducation to
redeem such bonds, the date OF such re-
dainption. and the serial numbers OF the
bonds to be redeemed, shall be given other
In person or by publication once In each
wssE for four successive weeks in some ,s
newspaper published In the City of CIarks-
hryF,, Harrison County. West Virginia.
Raad bonds 80 to be issued shall he signed
Hoard Of Education and shall have affixed
thereto the corporate seal Of said Board Of
hAnration, and the interest coupons shall
bear engraved fac slmile signatures Of said
tFAsideht and Secretary,
\, That said bonds shall be substantial
ly In the form following, the blanks there
ID TO be appropriately filled, to-witt
UNITED STATES OF AMERICA w.
BOARD OF EDUCATION OF THE DIS
TRICT OF CLARK IN THE COUNTY
OF HAA I sESsS,, q, TEE EIH; STATE
BUILDING BOND OF 1916
For value received the Board Of Educa.
tion OF the District Of Clark In the County
Of Harrison in the State Of West yir.
ginia, Hereinafter called the Board OF Ed
uentfOnl. n body c0rnOfate of the Staka ~