The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-10
spFOTAI. NOTTCFg

duLnOElIy VeSIed In SAID board by law
# Is hereby resolved and ordered that
the Board Of Education Of said Union
independent School district, do borrow
money IN the sum Of $4,000, and
do issue and sell bonds TO raise said
amount Of money for the PURPOSES a
providing suitable plot OF land and
OF erecting thereon and of furnishing
and equipping a suitable ligh school
building within said school district, 10
accommodate the youth OF school age
Within said district, according to the
location and plans adopted and TO be
adopted by said Board OF Education
OF said district.
And TO provide moro definitely con-
corning said bonds It is further or
dered:
1. Said bonds shan be three hundred
IN number or the denomination Of
s5o0.0o each, ana numbered from one
to three hundred, consecutiveiy, max.
ing in the aggregate $3.50, 600 90.
2. Said bonds shall bear date ON
the LIST day of June, 1913, and be pay
able on the 31st day Of May, 1853, at
the Peoples National Bank Of Fairrnont
in the city Of Fairmont, West Virginia.
and shall bear interest from their date
at the rate OF five per centum per an
mum; said bonds shall have coupons at.
tached for the payment OF Interest
thereon, and the same shall be paid
annually, at the same place said bonds
are payable, on the 31st day Of May,
1920, and on the 31st day of May, 1891,
and SO on for each succeeding year
until the bonds mature, unless sooner
redeemed, paid off or cancelled pursu-
ant to law.
.. Said bonds shall be payable to
bearer by 1.-THE Board of Education Of
Union Independent School District in
the County of Marion and State Of
West Virginia, and shall be signed by
the President and Secretary respec-
lively OF said Board, and the corpor.
ate seal Of the board shall be affixed
thereto, and the interest coupons shall
likewise be SO payable and bear the en-
graved or printed signature Of the
Secretary, and said coupons shall be
cut off when paid.
4. Said bonds shall refer on their
face to the Act of the Legislature OF
West Virginia, Session 1913, by author
ity OF which they are issued, and shall
contain a reservation OF the right Of
said Board OF Education TO nav Off
and redeem the same, or to nav off
and redeem any one or more of the
same, after five years from the date
of issue as provided by this order.
and said bonds shall also state that
provision has been made for the col.
lection OF direct annual tax to pay
annually the interest thereon and the
principal thereof when due and with
IN and not exceeding thirty four (34)
years from date Of issue.
8. Said bonds after having been dnlv
advertised in some convenient news
paper for two weeks previous to such
sale snail be sold at publtc sale to
the highest bidder in writing for cash.
put said bonds shall not be sold for
less than their par value, and the uro.
ceeds arising from the sale of said
bonds shall be used for the purposes
OF providing suitable plot of land
and OF erecting thereon and furnish
lng and equtpping a suitable high
school building within said district
70 accommodate the youth Of school
age within said school district. and ac-
cording to location and plans adopted
and to be adopted by said Board of
education for said district; and 1t is
further ordered that direct annual
TAX be levied and collected in said
district sufficient to pay annually fine
interest on said bonds and the princj.
ap thereof within and not exceeding
thirty four (S4) years from the date
OF said bonds; and for said purpose an
annual maximum special bond levy Of
~ cents on the one hundred dollars
valuation on all Of the assessal5le prom
erty in said distrist-fs nereby authoriz-
ed to pay sjGfnterests andlprovde a
sinking fund to pay Inc F4rcIpaI. as
required 6y lay. and asahereinbefors
stated haidSbonds shaNEbe subject to
redemption and payneBt at the cleo
ton n 2Md board afteTflve years from
dateETThe Secrptary fly order of the
Hoakd shall each yer give notice by
pI4 ieatio1in some newspaper publish
"a y &arion county, to the holder or
holders of said bdhds desired by said
Board to be redeS med that on or after
day named, tie designated bond or
bonds. with a1f accrued or unpaid in
terest, will be paid upon presentation.
and If not pp Scented, they shall cease
TO bear intff Fest after the last publica.
ton of sal notice; sad notice shall
lbe publishfd for two successive weeks
IN one or more newspapers in said Ma
rion county prior to such designated
day OF payment. The money so lev
led and collected to pay the principal
and interest on said bonds shall be an.
piled to that purpose and no other.
provided, however, that said bonds
shall not be issued and no sale thereof
shall be made until the question of is
suing the same shall have first been
submitted to the voters of said Union
Independent School District, at an
election to be held for that purpose,
and shall have received three-fifths
of all the votes cast for and against
the same.
1t is therefore resolved and ordered
that the president of the Board Of
Education Of said Union Independent
School District be and he hereby is
! authorized, directed and required to is
sue proclamation to be published
and posted according to law appoint-
ing a time and the places at which
an election for the aforesaid purposes
shall be held by the qualified voters
"a snaI Tat T.