Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1917-04-14

the maturity or refunding OF the
| bonds herein authorized: said re-
port shall embody all things done by
said Commissioners up until the date
of said report. The report shall be
transmitted by the Mayor to the
Council of the City of Martinsburg
at its regular meeting in July of each
year.
Sec " That the maximum rate Of
| levy which the Council of the CITY of
| Martinsburg may now levy for gen.
| eral purpose under the Charter of
| the City Of Martinsburg will not pro-
| duce sufficient funds TO pay the in.
| forest on such bonded Indebtedness
hereby created and provide sink.
ing fund for the discharge of the priA
cipal in thirtyfour years. That q
| sinking fund is hereby created for
| the redemption of said bonds and
that the Council shall provide for the
| collection of a direct annual tax to
pay annually the interest on said
bonds and the principal thereof at
| maturity, and for that purpose may
| direct a rate OF levy each year up to
an amount OF 20 cents which
rate of levy may produce
| sufficient funds necessary in each
year to pay the interest and to pro-
vide such sinking fund; but before
the Council shall make an additional
levy. a majority of the votes cast for
and against said levy as provided in
the succeeding section shall be in
favor of such authorization.
Sec. VI. The Mayor shall issue
| proclamation reciting this ordinance
and appoint a day on which an cleo
ton shall be held by the qualified
voters of the said city to determine
whether they shall reject or ratify
this ordinance: and he shall also
specify in said proclamation the ag
gregate amount of Indebtedness OF
the said City issued, authorized and
existing at the date of the proclama'
ton. This proclamation shall be pub
lished in all the newspapers publish
ed in the City OF Martinsburg. at
least once a week for four consecut-
i've weeks, the first publication
thereof being at least thirty days be-
fore the date fixed for such special
election. and such proclamation shall
be posted at the same time at the
front door OF the County Court
House of Berkeley County, West
Virginia. and at the front door of the
City Hall of Martinsburg. West Vir-
rinia, and at a place within each vot-
ing precinct the Mayor may desig-
nate. The said election shall be held
and conducted in the same manner
1 Ill 81 he
said City are held, and all persons
qualified 10 vote at such elections
J of said City, and no others, shall
vote at such election.
The persons voting for the ratifica.
, ton OF this ordinance AMI for the
authorization OF the bond issue shall
have written or printed upon their
ballots the words For Ratification"
: and the persons voting against said
ratification shall have written or
! printed upon their ballots the words
!. For Rejection" There shall be print
J cd on the ticket the following: ITO
. authorize maximum special bond
levy of TWENTY CENTS according
| to the ordinance OF the Council of the
| City of Martinsburs. passed on the
, Sth day of March, 1917, TO pay the
interest and provide sinking fand
for the discharge of the bonds now
/ being voted for; and directly un-
: derneath in two separate lines shall
be printed the words For the Levy
} and Against the Levy" Persons vot'
] ing for the levy shall leave upon
: their ballots the words For the
: Levy" and persons voting against
{ such levy shall leave upon their bal
!. lots the words Against the Levy.
The result OF the said election shall
be certified in the same manner as
the result of tho general municipal
: elections is now certified.
Sec. VII The Treasurer shall re-
cord the said bonds in the bond led
, ger in his office in their numbers,
dates amounts. time when due, the
name and address of the purchaser
, and holder so far as known, and file
, therein the bonds and coupons taken
up and cancelled from time to time. /,
Sec VIII. This ordinance shall be
, in force and effect from and after its
passage and shall have been ratified
, at the election provided for herein
. as TO the authorization of the is
suaHce of said General Improvement
. and Paving Bonds" by three-fifths OF
: all the ballots cast for and against
| the same at said election and by a
majority OF the votes cast for and
against the authorization of the max
imum special bond levy OF TWENTY
CENTS herein provided for.
NOW, THEREFORE,. TO WHOM
| ALL THESE PRESENTS SHALs
CONE, GREETING:--
| Know. ye, that in pursuance OF and
in accordance with the duty imposed
upon me by the ordinance aforesaid,
, and under the statutes in such case
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