Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1919-07-25
School Building in said district.
And to,,aprovide more definitely
concerning said bonds it is further

School Building in said district.
And to,>sprovide more definitely
concerning said bonds it is further
ordered:
l. Said bonds shall be 80 in num-
Der OF the denomination of 1000
90 each, and numbered from one to
thirty conSecutively, making the ag-
gregate of $3O,OOO.OO.
2. 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 (6) 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 fro11
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 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-
lying 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
Eoard 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
race to chapter and 1876 acts of the
legislature, of West Virginia, regular
issued. and shall contain reserva-
ton Of the right of said board to
pay off and redeem the same, or any
one or more of the same after five
years from the date of issue, as pro-
V1ded by this order; and shall also
state that provision has been made
Tor 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-
Viops to such sale, shall be sold at
public 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 he
used for the purpose of purchasing
school site. erecting. enlarging, COM
pietlng and furnishing One High
School Building in said district, and
II Is furtner 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
C 1-4) cents to nav the
interest and eight and three-fourths
Is 80 cents to provide a sinking
fund for the discharge Of the princi.
pal of said bonds on the one hundred
dollar ($100.O0) valuation on all of
the assessable property in said dis
trlct IS hereby authorized; and as
herein above stated, said bonds shall
be subject to redemption, after five
Years from their date, at the option
or said board. The Secretary by or
der OF the board shall each year give
notlce by notifying the bondholders
Oh the ponds 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
pond 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
pur0se and no other, but said bonds
snail not be issued and no sale there
OF snail be made, until all questions
connected Herewith shall have been
nrst submitted to vote of the people
oi SAD railing Spring District at an
eiecilon held for that purpose, and
snail have received three-fifths of
same. VIC
1t is, therefore, ordered that an
electlon for that purpose shall he
held by the qualified voters of said