The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1916-11-03
TAKE NOTICE

| Distrsct, IN the County Of Mcdowell
and State Of West Virginia, held on
the 18th day Of September, 1916
Present. A. ID. Rice. Prest-; Z. N.
Spangier and }. W. Crockett. COM
missioners. the following order was
'dopted and entered Of record. name
~
IL appearing TO the Board Of Edu-
cation of said Northfork District. that
20 accommodate properly the youth Of
school age residing in said district,
| II necessary to issue bonds in the
;um of Twenty five Thousand Dollars
Sz1,OOO.OO) as provided by chapter
"a. Of the acts of legislature, extra
'ession. 1908. as amended by chaotic
% of the acts of the legislature. 1911.
order To procure funds for the pur-
pose of building. completing. enlarg-
my. repairing and furnishing the
chooi house or school houses
said district. II having
been determined that this proposed
| Donded Indebtedness, together with
not exceed 21z per centum of the
value of taxable property i'm said
district as ascertained by the last
assessment for the state and county
iaxes: and said Board Of Education
being of the opinion that the maxi
| mum rate of levy provided for in
section II Of chapter q. Acts Of the
| legislature. extra session. 1908, and
all subsequent amendments thereto
viii not produce sufficient funds TO
lay the interest on said borded in
dcbtedness and provide a sinking fund
for the discharge Of the principal in
he nuuber of yearc aut.. rized by the
Ssue of said proposed bonds without
aging maximum special bond levy
5 hereinafter mentioned to pay the
rterest and provide a sinking fund.
Therefore IN pursuance Cf tie fore
oing and the said chapter "a of the
cts of tie Legislature. extra SEES
ION. 1908. rs amended by chapter 40,
Z said Acts of the l. gislature OF
Sll. II IL hereby resolves; and or.
cred that the Board IF Education
said Northfork district 90 borrow
iOney IN tie sum IF Twenty-fiv.
houSand Dollars ($25.OOO.OO) and
sue and sell bonds To raise san
Mount for the purpose Of building
ompieting. enlarging. repairing am.
furnishing the school hCus. or houses
| follows:
| Additions and Improv. m,rt.. an.
IuIpmeLt to High and Cried School
buildings at Nortifork. W Va. Esti
Iate Sl5.OOO.OO.
And High and Graded School Build
x at Eik Rilge. Estimate $4,000. 90
improvements necessary To tn.
tn ertiraied School Buildings in tn.
Istrlct. Estimate $5,0O0.OO.
nd To provide more definitely con
erning said bonds 1T is further or
cred:
1. Said bonds shall be fifty in
uinber. of the denomination of $500
each. sI.s numbered fsom sixty
ne To one hundred ten Consecutive
d. making the aggregate 5000 90
> Said bonds shall bear date @,
ne 10Th day Of December, 1916, an,
payable Twenty Oh the 10Th ia,
Il december. 1926. and one on tn,
9TH day of December and one on Tn.
9TH day Of June of each succee din,
ear until all are paid, at the FRS
.ational Bank of NortLfG-k, in tn,
own Of Northfork. West Virginia
md shall bear interest f. ON thei
ate at the rate of per cent De
'nnum: they shall have coupons at
ached for the payment Of tn. interes
heron and the same shall b. pais
emi-anfaually at the same place tila
he bonds are payable ON the 2Gtl
iays of June and December, 1917, an.
on Tor ea.'- succee lire year unit
ae bonds mature. unless sovner re
'eemed or cancelled pursuant to law
= Said bonIs shall be payable I.
carer by The Beard Of e, lcs.tior
II said NOrthfork District" in tn.
iounty Of Mcdowell. STATE Of IVES
.irgInIa. an shall be .irrd by tn.
resident and Secretary respectivel,
II sand Board. and the cor.<rate sea
Il the Board shall he affixed theret.
ND the interest coupons shall lskewis,
- 50 payable and bear the engraves
'r printed signature Of he secretar,
nd they shall be cut of when paid
T. Said bonds shall refer ON theil
ace To chapter %. Acts of the Ia gis
allure OF IVES; Virginia. rx.ra SCISSOR
.yOS. as amended by ci...L. : 20 oi
lie Acts of the Legislators. 1911, un
Ter which they are issued AMI shall
contain a res srvation Of tho right OF
az Board 10 pay off and redeem tn.
anne. or my one or mcre Of the
anne. after ten years fron. tie cat.
& issue as prOviced for by -nis or
Ter. and shall also sts:te that pro
sision has been ie TO- tire col
lection OF direct annual TAX to pa,
'emi-annually the interest Thereon
snd the prlnclpsi thereof within sne
not exceeding twenty-five years.
.. Said bonds after having beer
advertised an some convenient news
paper for four weeks PREVIOUS to
such sale. shall be sold at public sale
To the highest bidder in writing foi
ash at not less than their par value
ma the proceeds arising from eaic
sale Of said bonds shall be used fol
he purpose Of building, completing
charging. repairing and furnishing
ne school house or school houses a,
described above in said district. And
II - further ordered that a direct an.
nual tax be collected IN said district
sufficient 10 pay semi-annuaIly the in.
terest ON said bonds and the princi
pal thereof within and not exceeding
| twenty-five years from date Of said
bonds. and for said purpore an an.
nual maximum special bond levy OF
sly cents &c on the one hundred
dollars valuation on all Of the as.
se-sabie property IN sail district Is
hereby authorized 10 pa7 sais inter.
est and provide a sinking fund 10 pa,
the principal - required by law: and