The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1916-11-28
CITY oRnTNANcEs

az ,
standing. which last named bonds can
not be redeemed at this time, the OPP
ton on the part Of this City to re-
deem not having begun to run.
And, Whereas. 1t Is desirable that
said bonds which may be redeemed.
be redeemed. discharged, retired and
paid.
And it is estimated that the sum
OF Two HUNDRED THOUSAND
tS200,00O.OO) DOLLARS will be nee
essary to redeem. discharge. retire
and pay said bonds which may be
redeemed by reason OF the conditions
thereof as aforesaid.
And. Whereas, The aggregate for
all purposes aforesaid will require
the expenditure of SEVEN HUN
DRIED AND SIXTY THOUSAND
CS7GO,O0O.0O) DOLLARS, by the
City, exclusive of the amount paid
by said Monongahela Valley Traction
Company toward the cost of the con-
struction OF said Monongahela River
bridge.
And, Whereas. 1t appears that the
total valuation of the taxable prop
erty in said City of Fairmont is
EIGHTEEN MILLION SEVEN HUN
DRIED AND SIXTY-EIGHT THOU
SAND FIVE HUNDRED AND TWEEN
TY-FOUR (S1S,76S,524.00) DOL
LARS as shown by the last assess
ment Of the property in said City, for
State and County purposes: and that
said City has bonded Indebtedness
Of SEVENTY-FIVE THOUSAND
(ST5, 100000 DOLLARS as hereinbc-
fore set out. in addition to the indebt-
edness herein proposed to be dis
charged and refunded; and that there
is no other Indebtedness not provided
for; and that the amount of bonded
Indebtedness authorized by law,
which said City may incur, is in en-
cess OF the aggregate amount of
SEVEN HUNDRED AND SIXTY
THOUSAND ($760, 100000 DOL
LARS for the purposes aforesaid, and
said SENENTY-FIVE THOUSAND
(ST5.O0O.OO) DOLLARS.
THEREFORE BE IT ORDAINED
BY THE BOARD OF AFFAIRS OF
THE CITY OF FAIRMONT:
FIRST. That the City of Fairmont
do Issue its bonds, TO be known as
and called General Improvement
and Reminding Bonds" for a sum in
the aggregate not exceeding SEVEN
HUNDRED AND SIXTY THOUSAND
CS7GO,00O.0O) DOLLARS. the same
to be of the denomination of ONE
THOUSAND ($1,000.00) DOLLARS
each, which said bonds shall be exc
cuted and signed for and in the name
OF said City by the Mayor of this City
and countersigned by the City Clerk
thereof who shall also attach the seal
of this City thereunto, and shall be
issued and dated as of the first day
OF January, 1917, and be payable to
the bearer at the office of the City
Clerk of said City OF Fairmont, in the
County of Marion, State of West Vir-
ginia, or at the National City Bank in
the City of New York. in the State Of
New York, at the option of the holder
at maturity, and that said bonds shall
bo recalled serially and paid on the
first day of January beginning with
the year 1918 and every year there
after on the same day and date there
of; the said bonds shall show on their
face their serial numbers to be re-
deemed on each annual period and
shall bear interest at the rate of four
and one-half (4ia) per centum per
annum, payable annually on the first
day OF January in each year at the
office OF the City Clerk of said City
OF Fairmont, in the County of Marion,
State of West Virginia, or at the Ma
tional City Bank, in the City of New
York, and State of New York, at the
option of the holder, and that said
interest be evidenced by coupons at
tached to the said bonds and the said
coupons to be executed by the fac
smile signatures of the Mayor OF this
City, and the City Clerk thereof.
The City Clerk of this City shall
annually publish in some newspaper
OF general circulation published in
the said City of Fairmont, Marion
County, West Virginia, and in some
newspaper OF general circulation pub
lished in the City OF New York, in the
State of New York, once a week for
at least four successive weeks proceed
ing the first day OF January in each
year the serial numbers of the bonds
payable by the terms thereof on the
first day of January next following
such publication, and the holder or
holders of the bonds payable by the
terms thereof on the first day of jan
nary next following such publication
shall present the said bonds for pay
ment, and no interest shall be paya-
BILE or be paid on any such bonds not
so presented for payment in accord
ance with said published notice after
the date the same arc by their terms
payable.
Said serial bonds shall be respec-
lively numbered and respectively be-
come due and payable as follows:
Bonds 60 to 20, inclusive, on Jan.
January l, 1927.
Bonds 10 to 81, inclusive, on Jan
uary !, 1919.
Bonds &c to SO, inclusive, on Jan
uary ], 1920.
Bonds "a 10 46, inclusive, on jan
uary /, 1921.
Bonds At to SO, inclusive, on Jan
uary l, 1922.
Bonds GO to 70, inclusive, on Jan
uary !, 1928.
Bonds IA to So, inclusive, on Jan
uary /, 1924.
Bonds SO to 1O4, inclusive, on Jan
uary l, 1925.
Bonds los to 100, inclusive, on
January !, 1926.
Bonds 121 10 136 inclusiye nm