Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1919-08-01

I
And to provide more definitely
concerning said bonds it is further
ordered:
l. Said bonds shall be 80 in num-
Der OF the denomination of $1,000
/ 90 each, and numbered from one to
! thirty consecutively, making the az
gregate Of 100000.
|. .. Said bonds shall bear date of
! the first day of October and be pay
! able on the first day of October,
/ 1889, at the Bank of Renick, in the
town of Renick, West Virginia, or at
! the Bank Of New York, n. Y, at the
! option Of the holder of said bonds,
and shall bear interest from their
{ date at the rate of Six CD per cent
um per annum; they shall have cou-
/ pons attached for the payment of the
/ interest thereon. which coupons shall
be paid annually, at the same place
| that the bonds are payable, on the
! first day of October, 1920, and so on
for each succeeding year until the
bonds mature, unless sooner redeem
ed or cancelled pursuant to law. Said
bonds shall be issued serially in
equal inStallments of 100000 each
so that after the first five years fro1n
the date Of their issue one of the Sc
ries will fall due and be payable in
every year Of the remaining period of
their issue. Such bonds shall also
contain a provision authorizing the
Board of Education, after five years
from the date of issue, to pay any or
all OF the remaining outstanding
bonds at any interest period by noti-
flying the holder of such bonds, by
letter, if the name and postoffice ad-
dresses of such holders be known to
the Board, and by giving at least
sixty days notice by publication in
one or more newspapers, said bonds
TO be retired in the order which they
fall due.
3. Said bonds shall be payable to
bearer and shall be signed by the
BOARD of Education Of Falling Spring
district of Greenbrier county, State
OF West Virginia, by the President
and Secretary, respectively, of said
board and the corporate seal of the
board shall be affixed thereto, and
the interest coupons stall likewise be
SO payable and bear the engraved or
printed signature of the secretary,
and they shall be cut off when paid.
4. Said bonds shall refer on their
face to chapter and 1875 acts of the
legislature, OF West Virginia, regular
session, 1919, under which they are
issued, and shall contain a reserva-
ton OF the right Of said board to
pay on and redeem the same, or any
one or more Of the same after five
years from the date of issue, as pro-
vided by this order; and shall also
state that provision has been made
for the collection of direct annual
tax to pay annually the interest
thereon and the principal thereof,
within and not exceeding twenty
years.
3. Said bonds, after having been
advertised in some conveniety news
paper, for four successive weeks pre-
vious 10 such sale, shall be sold at
pubic sale to the highest bidder in
writing, for cash, at not less than
PAR value, and the proceeds arising
from said sale of said bonds shall be
used for the purpose of purchasing
scnool site, erecting, enlarging, COM
pletlng and furnishing One High
School Building in said district. and
it is further ordered that a direct an
nual tax be collected in said district,
sufficient to pay annually the inter
est on said bonds and the principal
thereof within and not exceeding
twenty years from the date of said
bonds, and for said purpose an an
hual maximum special bond
levy of six and one-fourth
70 80 cents to pay the
interest and eight and three-fourths
% 30 cents to provide a sinking
1und for the discharge Of the princi-
pal OF said bonds on the one hundred
dollar ($10O.00) valuation on all of
the assessable property in said dis
trlct is hereby authorized; and as
herein above stated, said bonds shall
=
years from their date, at the option
OF said board. The Secretary by or
der of the board shall each year give
notice by notifying the bondholders
OF the bonds to be redeemed, by let
ter, II the name and post office adj
dress OF such holders be know to
the board, and by giving at least six
ty days notice by publication in one
or more newspapers, that on or af-
ter the day named the designated
bond or bonds, with any accrued
an unpaid interest, will be paid upon
presentation; that If not presented
they shall cease to bear interest on
the day named for said redemption.
Inc money so levied and collected
to pay the principal and interest on
SAID bonds shall be applied to that
purose and no other, but said bonds
snali not De issued and no sale there
OF snail be made, until all questions
connected Herewith shall have been
first submitted to vote of the people
or said Failing Spring District at an
election held for that purpose, and
shall have received three-ffths of
all the votes cast for and against the
same.
1t is, therefore, ordered that an
erection for that purpose shall be
held by the qualified voters Of said
railing Spring District on the 9th
day OF August, 1910, between the
hours Of sunrise and sunset, at the
regular voting places in said district,
TO decide whether they will ratify or