The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-05-01
MUNICIPAL BOND SALE.
Ss0,00o.00 Paving Bonds, 1915 Series,
pa Na

Sealed proposals will be received at 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 S20,000,OO, 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:
/. Main Street from It's Intersection with
the street West of the Baptist Church to
IA feet.
2. Main Street from the corner Of Hill
Street to the corner of Chestnut Street, in
the width OF 20 feet.
nut Street to the preseM end Of the street
car line In the width OF II feet.
4. Main Street from the end OF the car
line to the railroad. In the width OF Il feet.
o.. Main Street along the street car line
to the river road bridge In the width Of IA
Q. Chestnut Street from It's intersection
with Main Street to the corporate limits.
In the width Of IA feet.
z Bridge Street from It's intersection
with Main Street to the western end OF the
bridge across Ten Mile Creek, in the width
Of 18 feet
8. Bridge Street from the southern end
Of said bridge to the Short Line Railroad
right Of way in the width of IL feet.
Amy funds remaining from the sale of
said bonds after paving and improving the
streets above mentioned, shall be used for
the purpose OF paving Main Street with
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 bones are issued under authori-
ty of an ordinance adopted by the Common
Council OF the Town of Lumberport, on the
Srd 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, 1910, and published as required
by law, submitted to vote of the electors
OF said Town, ut an election called and
held In said Town on the 18th day Of
April, 1915; 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 of
$4,000, dated June LIST, 1918, and bear In
terest at the rate of six per centum per
annum, payable annually on the LIST day Of
June Of each year, and which bonds are
payable on the LIST day Of June, 1871, with
the right to the said Town OF Lumberport
to redeem the same on any interest date
after June LIST, 1919, 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.
Tine bonds principal and interest, are
payable at the Lumberport Bank, at Lum-
Derport, West Virginia.
These bonds will be sold for cash to the
highest bidder or bidders so as 10 realize
the largest amount for the entire issue,
at public sale, upon offers In writing sub
mitted as herein required: the Town to
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" and mail
ed to A, d. sharps Recorder, Lumberport,
West Virginia, within the time named.
The bonds will be ready for delivery on
must be accepted and paid for in full with
In ten days thereafter; the Town to have
the right to resell any bonds not accepted
and paid for within the said period OF
time.
The Council reserves the right to reject
The bids shall be opened publicly at the
Council Chamber in said Town at & 500
O'Clock, p. NJ, on the 10Th day of May,
1916.
Full details in reference to tho loan. tax
rate, indebtedness Of the Town. value OF
taxable property within the Town and ali
matters pertinent TO the sale OF the said
bonds will be furnished by A. B. Sharps,
Recorder, Lumberport, West Virginia. upon
Dated this the 2sth day OF April, 1915.
l.. c. OYSTER. Mayor.
A. B. SHARPS Recorder