The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1916-11-21
CITY ORDINANCES

new bridge be constructed connect
ing the East Side and the West Side
OF said City over the Monongahela
River.
.And 1t is estimated that said i'm
proyement In relation to said bridge
over said MonoDgahela River can be
made for the sum OF THREE HUN
DRED AND FIFTY THOUSAND
(s350.000.0OJ DOLLARS. and it ap-
pears that Monongahela Valley
Traction Company will join in the
construction Of said bridge and pay
toward the cost thereof the sum OF
FIFTY THOUSAND (s5o.000.oO)
DOLLARS.
And, Whereas. It is likewise cxpe-
dent and necessary for the comfort,
convenience and well.being Of the cit
liens and residents of said City that
the storm and sanitary sewer system
of the City OF Fairmont should be i'm
proved and extended.
And 1t Is estimated that said extern
sion and improvements in relation to
said sewer system can be made for
the sum Of THIRTY THOUSAND
$3.50. 100000 DOLLARS.
And. Whereas, 1t Is likewise cxpe-
dent mad necessary for the comfort,
convenience and well-being of the
citizens and residents of said City
that new incinerator or garbage
plant should be erected, and 1t Is esti-
mated that the cost thereof will be
FIVE THOUSAND ($5,000.00) DOL
LARS.
And. Whereas. It Is likewise expe-
dent and necessary for the comfort.
convenience and well-belng of the
citizens and residents of said City
that new Fire Station on the East
Side of said City should be erected,
and it is estimated that the same can
be erected at n cost of SEVEN THOU
SAND FIVE HUNDRED (S7.500.O O)
DOLLARS.
And, Whereas. II is likewise expe-
dent and necessary for the comfort,
convenience and well-being of the
citizens and residents of said City
that the flooring of the present bridge
crossing the Monongahela River. con-
Meeting the East Side and West Side
OF said City, between Madison Street
/ and Water Street, and the flooring
OF the bridge over Buffalo Creek
along Pennsylvania Avenue be i'm
proved and paved with wooden blocks
or other suitable material in order to
insure better surface for traffic over
said bridges, and it is estimated that
said flooring can be done at cost Of
SEVEN THOUSAND FIVE HUN
DRIED ($7.500.0O DOLLARS.
And, Whereas, The floating indebt-
edness of said City is bearing interest
at the rate of Six co per centum per
annun and should be funded at a
lower rate of interest.
And 1t is estimated that said float
Ing Indebtedness can be funded and
wiped out by the application of the
sum Of SEVENTY THOUSAND
S7O,0O0.00D DOLLARS which will
be the approximate amount remain
ing unpaid after the application OF
the amount to be raised by special
debt levy for the current fiscal year.
And. Whereas. All the outstanding
bonds of this City are so conditioned
that they may be retired, redeemed,
discharged and paid at their next re-
specttve periods for the payment Of
interest. within the ensuing year;
saving and excepting only the issue
OF the bonds of this City known and
called Water Extension and Improve
ment Bonds of 1910. Of which the
amount of SEVENTY-FIyE THOU
SAND (s75,000.0O) DOLLARS is out
standing. which last named bonds can
not be redeemed at this time, the on
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
ts2O0,000.00 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
(s76O, 000.00) DOLLARS. BY the
City. exclusive of the amount paid
ny said Monongahela Valley Traction
Company toward the cost of tho con-
struction oil said Monongahcla 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,524.0Ol 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
($75,000.00D DOLLARS as hereinbe-
fore set out, in addition to the indcbt-
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 cx-
cess Of the aggregate amount Of
SEVEN HUNDRED AND SIXTY
THOUSAND (s760,000.00) DOL
LARS for the purposes aforesaid, and
said SEVENTY-FIVE THOUSAND
| ($75,000.00) DOLLARS.
THEREFORE BE 1T ORDAINED
BY THE BOARD OF AFFAIRS OF
THE CITY OF FAIRMoNT: