The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-04-26
MUNICIPAL BOND SALE.
S2O,OOOOO Paving Bonds. 1916 Series.
PuyabIe In Gold,

Sealed proposals Will he received Mt the
Council Chamber OF the Town OF Lumber
port, Harrison County, West virginia, un-
I'll noon on the 10Th day of May, 1915, for
the purchase of all or any number of the
following bonds:
twenty-five bonds of the aggregate par
value of $20,000O0, issued by the Town OF
Lumberport for the following purposes:
To grade, pave and permanently Improve
the following streets In the Town OF Lum-
berpOrt, to-wit:
the street West of the Baptist Church to
the corner Of Hill Street, In the width OF
II feet.
Street to the corner Of Chestnut Street In
the width Of 20 feet.
3. Main Street from the corner Of Chest
nut Street to the present end of the street
car line, in the width Of IA feet.
4. Main Street from the end of tho car
line to the railroad, In the width of u feet.
.. Main Street along the street car line
to the river road bridge, in the width OF IA
9. Chestnut Street from Its intersection
with Main Street to the corporate limits,
in the width Of n feet.
Z. Bridge Street from Its intersection
with Main Street to the western end of the
bridge across Ten,Mlle Creek, In the width
s. Bridge Street from the southern end
of said bridge to the Short Line Railroad
right of way, In the width of II feet.
Any funds remaining from the sale Of
said bonds. after puying and improving the
streets above mentioned, shall be used for
the purpose of paving Main Street with
concrete to n width of IA feet, from the
intersection OF Main Street with the street
west of the Baptist Church and In west
ern direction until said street has been
paved to the corporate limits or until said
funds are exhausted.
The streets above mentioned shall he
paved with either brick or concrete, or
parts of them with brick and parts with
concrete and In such manner and portions
as the engineer, employed by the Town OF
Lumberport. may direct.
The said bonds are issued under nuthori-
ty of m ordinance adopted by the Common
Council of the Town of LumberpOrt, on the
Bird day of April, 1915, and which ordinance
and all matters pertaining thereto were, by
proclamation duly made by the Mayor Of
the Town Of Lumberport, on the 4th day
Of April, 1915, and published as required
by law, submitted to vote Of the electors
of said Town, Mt an election called and
held In said Town on the 18th day Of
April, 1916; at which election said ordi-
nance was ratified and said loan authorized
by more than three-Hfths Of the votes
cast at said election.
The bonds are each of the amount or
$4,000, dated June LIST, 1915, and bear In
terest ut the rate Of six per centuln per
lnnum, payable annually on the LIST day of
June OF each year, and which bonds are
payable on the list day Of June 1911, with
the right to the said Town Of Lumberport
to redeem the same on any interest date
after June 1st 1915, by paying sum In
gold sufficient TO discharge the principal Of
the bond and accrued interest. The bonds
to be redeemed are to be selected by lot,
the holder to have notice In the meantime
of the intention of the Town TO redeem
such bond.
The bonds, principal and interest. are
payable at the Lumberport Bank, ut Lum-
berport, West Virginia
These honda will be sold for cash to the
highest bidder or bidders so as to realize
the largest amount for the entire issue,
at public SALE. upon offers in writing sub
have the right to Award to any bidder any
number OF the bonds up to the amount Of
his bid.
All bids must be securely sealed and
endorsed, Proposal For Bonds" aud mail
ed to A. b. Sharps, Recorder Lumberport,
West Virginia, within the time named.
The bonds Will be ready for delivery on
the day of sale or soon thereafter, and
must be accepted and paid for In full with
in ten days thereafter; the Town to have
the right to re- sell any bonds not accepted
and paid for within the said period of
time.
The Council reserves the right to reject
any or all bids.
The bids shall be opened publicly ut the
Council Chamber in said Town at 500
O'clock, p. NJ, on the Goth day of May,
Full details in reference to the loan, tax
rate, Indebtedness OF the Town, value OF
taxable property within the TOWN and all
matters pertinent to the sale OF the said
bonds Will be furnished by A. b. Sbarps,