Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1916-03-09

caSu aHu ~ VI @oVVsVv Oh June ~
| 1928;
Bonds so to IS inclusive, of 81 10000
each and 56 of $4,000 on June 1,
1894;
Bonds 81 to 81, inclusive, Of 81 100000
each and So of $4,000 on June 1,
1925;
Bonds Ga to SO. inclusive, of 81 100000
each and 20 of $4,000 on June 1,
1926;
Bonds n to rs, inclusive, Of 81 900. 90
each and n Of $4,000 on June /,
1927;
Bonds IS to SO, inclusive, of s., 600. 90
each and 81 Of $4,000 on June /,
1928;
, Bonds So to 90, inclusive, of 81 100000
each and 81 Of $4,000 on June 1,
1929;
Bonds 81 to 81, inclusive, Of 81, 10000
each and 0s Of $4,000 on June 1,
1880;
Bonds 30 to lo4, inclusive,of 100000
each and i05 Of $4,000 on June /,
1881;
Bonds LOG to Ill Inclusive, of $1,000
90 each and lie Of $4,000 on June
I, 1892;
Bonds l13 to 11S, inclusive, Of ST.
10000 each and 1lS of $4,000 on
June 1, 1893;
Bonds 100 to 1876, inclusive, Of ST.
10000 each and 1926 Of $4,000 on
June /, 1884;
Bonds 1877 to 1872, inclusive, Of 81 ,0Uv,-
90 each and 1913 of $4,000 on june
| /, 1895;
Bonds 1874 to 1879, inclusive, Of ST.
10000 each and 140 of $4,000 on
June /, 1886.
1t is further ordered by the Court
that in the event of said bonds be-
ing disposed of as aforesaid the pro-
ceeds shall by by Purchaser thereof
placed by him or by the President of
the County Court in the hands of the
Sheriff of this County, and it is fur
Their ordered that the said Sheriff for
receiving and disbursing said proceeds
shall receive no compensation or COM
mission therefor, and the said Sheriff
shall deposit said proceeds in banks
designated by this Court in the man
ner prescribed by law, said banks to
be required to give security therefor
as provided by law.
The plan to meet the accruing in
terest on said bonds and to pay them
at maturity by said District is:
! 1t shall be the duty of the County
Court of said Barbour County to, and
the said Court shall each year, at the
annual levy for road purposes in said
Barker District provide, by district
levy and taxation as is required Ky
law in such cases made and provided,
for the interest on said bonds, togeth-
er with an additional fund to be set
apart and to be used TO purchase and
of a sinking fund sufficient to meet
each serial payment and on or before
the expiration of the term of twenty
(20) years pay therefor ard fully dis
charge said bonds at that time.
1t further appearing to the Court
and the Court being of the opinion
that the maximum rate Of levy in the
said Barker District which the Court
is authorized to lay as provided in
Sections 2, 3 and A, as the case may
be, Of Chapter 8 of the Acts of the
Legislature Of West Virginia, Extra
Session, 1908, will not pro-
duce sufficient funds to pay the inter-
est on such proposed bonded indebt-
edness of $130,0O000 herein provided
for said Barker District and to pro-
vide sinking fund for the discharge
of the principal thereof in twenty {20)
years; and it further appearing to the
Court and the Court doth further find
that the maximum levy necessary for
any year during the said twenty (20)
years to pay the said interest and to
provide for each serial payment or
necessary sinking fund of SAID p,o-
posed bond issue of $130,00000 for
said Barker District is Al cents on
each 10000 valuation of taxable
property of said Barker District.
The Court doth therefore hereby
order and direct that vote of the
+, legal oters be taken in the said Mag
isterial District Of Barker in said
! Barbour County and State of West
Virginia, on April the 18th, 1916, on
the question Of authorizing the maxi
mum special bond levy Of Al cents on
eaehSioo valuation of the said taxable
properly IL said Barker District to
my the interest on, and provide a
SINKING fund for each serial payment
= 4 i