The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-05-22
Of said bonds, and that maximum rate Of


levy OF seven cents on each one hundred
dollars OF taxable property In said dis
trice VIII be necessary In each year to
pay the interest on said bonds. and to
WHEREAS: The said Board Of Education
has further determined that the indebted
ness TO be contracted By the sale Of said
bonds, including all existing Indebtedness,
centum per annum Of the value Of the tax
able property In said School District, az
ascertained by the last assessment thereof
Tor County and State taxes, and that the
School District as shown by said last as
sessment thereof for county and state tax
es Is SS,165, 26800.
THEREFORE,, In pursuance Of the fore
said Board Of Education Of Coal District,
Harrison County, West Virgins.
l. Hiatt the said Board Of Education do
borrow the sum OF Fifty Thousand Dollars
sSSo.ooooG for the purposes Of building,
nishing. the following school houses In
said School District In the manner herein-
after set out, and at the following locations
In said District, to-wit:
new modern two story brick graded school
house. including mechanical heating and
ventilating. system. plumbing. electrical
work. furniture and fixtures; complete and
tb) At Hepzibah, same kind Of building,
etc. as above.
(e) To build in East North View one four
room brick building. including mechanical
heating and ventilating 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 ventilaeing
system, electrical wsrk, furniture and tx
lures; complete and ready for occupancy.
le) The residue of the money, II any be
LETT, 10 to be used for the purpose Of en-
iarging and furnishing other school houses
In said District, at the places most con-
gested with pupils, 50 as to relieve as far
as possible the present oyercrowded condi-
ton Of the schools In said District.
z To provide more definitely concerning
SAID bonds, 1t Is further ordered that the
It's bonds Ito be known us School Build
Ing Bonds Of 1915 Of the principal sum of
One Thousand Rollars Isl ,000.00) each, to
Be numbered csnsecutiyely from one ~ to
gate amount Of Fifty Thousand Dollars
100000 bearing date ON the LIST day Of
August. 1910. and payable to the bearer ON
the LIST day Of August, 1881. in gold coin
equal to the present standard Of weight
and hneness at the Empire National Bank
Of Clarksburg, West Virginia, with interest
thereon from date thereof at the rate Of
n nata ~ per eentum per annum, payable at
one the LIST day Of February. and August
In each year, until the principal sum Of
said bonds shall be fully paid, upon pre-
sentation and surrender OF the interest
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,
1871, to redeem said bonds or any Of them,
either by paying to the holder or holders
of said bonds, SO to be redeemed In per-
son, or by depositing at said Empire Ma
tionai Bank sum sufficient to pay the
principal sum OF such bonds 10 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-
post 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 sRid Board
shall be affixed thereto and the interest
coupons shall bear facsimile signatures Of
said President and Secretary, and shall DO
cut of when paid.
3. Said Bonds shall refer on their face
to Chapter 45 Of the Code Of West Vir.
ginia lls16 Ed under which they are is
sued, II 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
before provided in terms, and as soon as
practicable after said election. II said
election. shall offar 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 BIO 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
year Thereafter until such bonded indebte
edness Is paid on and discharged, levy q
direct annual tax, as provided by law, upon
all taxable property within the magisterial
Independent School District, which consti.
tutes the School District OF Coal the maxi
mum rate Of which tax to be levied shall
not exceed seven ~ cents upon each one
ton Of the taxable porperty in said School
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 the principal Of said bonds,
Within the period Of fifteen years from the
said list day of August 1916, said
special levy shall be known as (aschooi
building bonds Of 1900 and funds col.
lected from such levy shall be used for no
other purpose than to pay said bonds: hut
the sums Of money acculating in said sink
ing fund, may be deposited In bank on In
terest, or properly Invested in securities,
5. No debt shall be contracted, money
borrowed, bonds sold. or levy made, under
or pursuant to this order. until all Ques.
tions connected with the same shall have
been first submitted to vote OF the people
Of said school District of Coal. described
as Aforesaid az special election called By
that purpose on the eth day Of June, 1915
at the same time and In the same places IN
County, and Statewide Primary Election
is held. and all questions connected with
sd dset m an,1 e be and
nfths Of all the votes cast for and against
the same, and until the question Of such
GDeciQl levy hereiabnfdra7 maintained and