West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1916-02-24

eeAaN 1yOh AAoAAlINs WHICH l00 COuFI lH
authorized 10 lay, as provided I'm sec
tions 2, and OF chapter OF the
Acts OF the Legislature OF West yir-
ginia. extra session OF nineteen hun
dred eight. will not produce sufficient
funds TO pay the interest on such pro-
posed bonded indebtedness OF one hun
dred sixty thousand dollars, and TO
provide sinking fund for the dis
charge OF the principal thereof, in
thirty-four (34) years; and IL further
appearing TO the court and the court
doth so lind that the maximum levy
necessary each year during the said
thirty-four GA years to pay the in
terest and TO provide a sinking fund
on said proposed bond issue of one
hundred sixty thousand dollars. ia
four 90 mills on each one Isl .OO) dol
lar valuation OF taxable property I'm
said Lyon district. The County Court
therefore doth hereby order and d.
rect that vote of the legal voters be
taken in said magisterial district of
Lyon. i'm the county of Preston, in the
said State OF West Virginia, on
Tuesday, the Goth day of February,
1915,
on the question OF authorizing a max
imum special bond levy OF four (4)
mills on each one ($l.00) dollar yalu-
alton of taxable property in said LYON
district, to pay the interest on. and
provide a sinking fund for the dis
| charge of said proposed bond issue
hereinbefore provided; and that said
vote shall be taken on the question
last aforesaid at the several voting
places in the said magisterlal district
OF Lyon, at said special election to be
held on Tuesday, the 10Th day OF Feb
ruary, 1916, which has heretofore been
| directed to be held for the purpose of
taking vote on the said proposed
bond issue OF one hundred sixty thou
| SAND dollars, and the court doth fur
ther order and direct that the same
election commissioners hereinbefore
appointed TO take the poll and ascer-
tain the result of said special bond
| election hereinbefore provided. I'm
| such manner as is prescribed by law
to take the poll and ascertain the re-
| suits OF said election on the question
OF the authorization of a maximum
special bond levy of four A. mills on
each one C$lOO) dollar valuation OF
taxable property in said Lyon dis
Irlct TO pay the interest and provide
sinking fund for the discharge of
aid proposed bond issue, and IL Is
further ordered that the clerk of this
court do forthwith prepare Doll books.
ballots, etc, as may be necessary for
the purpose Of taking and certifying
said special election on the question OF
authorizing said maximum special
bond levy as aforesaid, to be deliver
ed by him to said commissioners OF
election; and said commissioners of
election, holding said special election
at the several voting places in said
magisterial district of Lyon. shall
cause to be taken and ascertained the
result OF said election on the question
OF authorizing the said special bond
levy at the several voting places for
which they are appointed respective
ly; and the said vote and poll be taken
at said several voting places on the
SAID special bond levy and the results
ascertained and certified according to
the regulation concerning general
elections and elections under the pro-
visions of chapter OF the Acts of the
Legislature of West Virginia. extra
session 1908; which vote shall be talk
en- on separate ballot on which shall
be printed Special Election to Au-
thorize Maximum Special Bond Lew
| or -Four (4) Mills on each One Isl. OO)
dollar taxable valuation of all the
property in Lyon district, to provide
LOT the payment OF interest and sink
ing fund on one hundred and sixty
thousand dollars, according to the or
DER or the County Court OF Preston
county entered on the goth day of Jan
uary, 1916" Directly underneath
shall be printed in two separate lines
first, the words For the Levy. Second
the words, Against the Levy" those
favoring the levy shall erase the
words Against the Levy" and those
opposed shall erase the words For
the Levy"
il is further ordered that, i'm the
event Of the electorate of said district
at said special election authorizing the
Issuance Of said bonds and the fixing
or said maximum special bond levy of
four "a mills on each one ($1 .OO) dol
lar valuation OF all the taxable prom
erty In said Lyon district the sinking
fund thus created by said maximum
special bond levy may be used by the
said court in the purchase of any of
said bonds Issued hereunder. but be-
fore the said court shall make pur
chase Of any of said bonds out of said
sinking fund, as herein provided. the
court shall cause a notice to be pub
lished once each week for two success
siye weeks in a newspaper Of general
circulation published I'm the city of
kingwood, or elsewhere, as may be
designated by the court. for written
proposals to sell Il said bonds issued
Lerc under and then outstanding. and
TIC court TO the extent OF the sinking
fund at its disposal available there.
fore, shall purchase said bonds offered
to IL at the lowest price asked there
fore, such purchase TO be made at the
office OF this court In the CITY OF King
wood, Preston county, West Virginia.
or at the Newburg Bank, In the town
OF Newburg, State OF West Virginia.
az the election Of the court. upon sur
render OF said bond or bonds with all
unpaid interest coupons pertaining
thereto, on the semi-annual interest
date, next following said publication.
ana the court shall give the owner or
owners or the bonds whose proposals
may be accepted such notice of such
acceptance as the court NAV deem
reasonable; In the event that two or
more proposals are for the sale of
bonds at Identical amounts being low
er than the amounts asked I'm other
tenders received by the court the
court shall decide I'm it's discretion
which proposal or proposals II shall
accept; provided. however. that no
purchase shall be made that will pro
hihit the court from caring for OF ac-
curing the series OF bonds as shown |
by me face of the bonds thereof. and |
provided, further, that no purchase /
snail be made by the court az a rate /
exceeding the par value Of said bonds /
ana the interest accrued on said bonds /
ana unpaid az the time fixed for the /
CONTAMINATION or such purchase The i
said bonds go uurchao oI gb.1f fo-tt