The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-04-07
SPECIAL BOND ELECTION

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SPECIAL ELECTloN no BE HELp
MONDAY, APRIL nth, 1915.
Notice il hereby r,yen mat ths fo,,ov.
aSr session Of she Common as Coaacii 81 ~.
4 Town q Lursberpost. In Hafrisos County .
ssrs IN aid Town u.a n NJ IA Sss q Anti
snesis, 70 s e
lthereunder, .recitinr said ordinaI,ee as N.
quired by law. n hero fpsde -,
oputNsNf,r
| AN ORDINANCE providing for the issu.
ing OF bonds by the Town Of lsumberpoft,
IN the aggregate amount OF Twenty Thou.
sand pe,iars. and the sale Of the same. to
purposes to.wit: To grade. pave and per-
mansniiy improve the following streets In
tne fown otyLumberport to.wtt:
T. Nal, MAIN Street from its intersection with
ne corner OF Hill Street. In the width Of
~ fees. .
sts Main street from the corner Of Hin
AZ ,t w enc ~ scfnss OF chestnut Street. Ia
3. Main Street from the corner Of Chest;
nut sire street g the present end Of the street
car me, IN dhe Width Of II feet.
lin. ~ IN s, sss,s from the END 81 the car
feet.
line to the river road bridge. In the width
Chestnut Street from its intersection
Win Main Street to the corporate limits,
In the width Of Il feet.
III. Srass street from ~ intersection
With Main street to the western end Of the
bridge across Ten Mile Greek. In the width
OF 10 feet.
%. nsridgs Street from the southern end
OF OF. sag 3rdge to the Short Line Rail-
Any funds remaining from the sale 81
s said oonas, after paving and Improving
s sne t s.seesS anove mentioned shsil BE- used
70 w az y f. 1 t sses L, WIN
Iersection OF Main street with the street
west q the Baptist church and In d west.
esn di i 10 until said street has been
funas are exhausted.
Inc streets above mentioned shall be
paved with either brick or concrete, or
parss 81 tnem with brick ana parts with
lions as the engineer, employed by the
Town Of Lumberport, may direct.
MHERhAS, II y not possible to pro.
vide sumcient funds for the above men.
.ne same " required to be done by any
leWes on taxable properties IN said Town
o! Lumberpofts Within the limits prescrib.
ca " law for leyies and assessments for
manner IN which such necessary funds can
pc procured is by an issue and saie OF
ne the t Donds OF said Town In pursuance OF
In such cases made and provided, and the
Council Of the Town Of Lumberport, by
Of Lumberport to issue its bonds in the
Dollars is20. 10000, for SAID purposes.
| WHEREAS, 1t IL provided in section
vet 2. c4 v;pr 4 Il the Code Of the state
porations for the government Of cities,
Towns ana villages In this State, are au-
thertzed to issue their bonds and sell
the same, and It Is further provided in
Of the State Of West virginia, that no mu.
nicipal corporation shall hereafter be al
lowed to become indebted in any manner
Or Or for any pntpese to do, amount, includ-
exceeding two and ohe-haif per cefituni On
the value Of taxable property therein; to be
ascertained by the last asseSsment fof state
and County purposes, previous to the In
at the same time providing for the col.
lection OF A direct annual tax to pay af,t1tl-
ally the Interest on such debt and the
Rrincipai thereof within and not exceeding
PROVIDED, further, however, that any
city Or municipal corporation Of one thou.
SAND Inhabitants or more ~ hereby author.
lied and allowed to become Indebted IN nj,
additional sum not to exceed two and one.
half per eenturn on the value Of taxable
property therein. asceftained as aforesaid,
Tor the purpose Of grading, paving, sewer.
ing ana otherwise Improving the streets
poratioh. but no such debt shall ID con- son
traeted unless all questions connected
with the same shall have been fifst sub
mltted to vote OF the people, and have
received three-ffths Of all the votes cast
for and against the 6tnie.
WHEREAS. The Town Or Lumberport
has one thousand Inhabitants or more and
In order to create such bonded indebted
ness for the purpose Of grading. paving
and permanently improve said streets Ii
will be necessary to raise the aggregate In
debtedness Of SAID Town Of Luffibefp6ft to
an amount almost equal to the said extra
two and one-h half per centum on the tax.
able property thereof as above mentioned,
WHEREAS. 1t Is provided In section 1
o. Chapter 2SA Of 1913 code Of the State
Of West Virginia, that the Common Council
levy In excess OF thirty-fiye cents ON escb
One Hundred Dollars Of the valuation oi
the taxable property, ascertained Ms afore.
said; and In section Of Chapter 2sA
Of 1913 code OF the State Of West Vireinfa
It is provided that II any municipal cor.
poratlon creates a bond iniebtedness Sc.
cording to law. and mIfiicinsi eonncil
be OF opinion tint the mdSiintin, rate X
levy. above mentioned, Will NOT produce
sufficient funds to pay the Interest On snei
such bond indebtedness ana provide i
sinking fund for the discharge OF the f,rin.
cipai In the number Of years authorized