Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1919-04-04

gate the sum Of One Hundred and
Twenty-six Thousand Dollars. and
Shall be issued and dated as Of the
first day of July, 1919, and payable
to the bearer at the Office OF the
clerk of the Couty Court of Green
brier County West Virginia, in the
Town OF Lewisburg. Lewis
burg. West Virginia. or at the
Chase National Bank in the City and
State of New York. at the option Of
the holder. in annual serial install
ments within from one to twenty-five
years after date, and shall show on
their face the serial numbers re-
spectively and the date on which they
shall be paid. and shall bear in
terest not to exceed the rate of six
per centum per annum. payable semi
annually at the said office of said
clerk or at said Chase National
Bank. at the option of the holder,
and said interest shall be evidenced
by coupons attached to SAID bonds,
to be executed by the facsimile sig
nature of the President and Clerk of
this court, and said bonds shall re-
cite that failure to present the same
for payment when they are due shall
stop future payments of interest
thereon. 1t is further ordered by
the court that said bonds shall be
consecui.vely numbered and respec-
lively become due and payable as
follows, that is to say:
One Hundred and Twenty-six
Eonds OF One Thousand Dollars each !;
Que and payable as follows:
Bonds l to inclusive, due and
payable July l. 1920.
= Bonds to 10 inclusive, due and
payable July 1, 1921.
Bonds IL to IS inclusive, due and
payable July 1. 1922.
Bonds 16 to 20 inclusive, due and
rayable July 1, 1928.
Bonds Fl to 25 inclusive, due and
rayable July 1, 1924.
Bonds &c ito 80 inclusive, due and
payable July l, 1925.
Bonds 81 to 35 inclusive. due and
payable July 1, 1926.
Bonds &c tc 40 inclusive, due and
payable July 1, 1927.
Bonds Al to As inclusive, due and
payable July /, 1928.
Bonds 46 to SO inclusive, due and
payable July l, 1929.
Bonds 81 to So inclusive, due and
Payable July l, 1880.
Bonds Sc to 60 inclusive, due and
payable July I, 1881.
Bonds 81 to 65 inclusive, due and
payable July 1, 1892
BOndS 66 to 70 inclusive, due and
payable July l. 1888.
Bonds II to IS inclusive, due and
payable July l, 1884.
Bonds 76 to so inclusive, due and
payable July I. 1885.
Bonds 81 to SIS inclusive, due and
payable July 1, 1886
Bonds Sc to 80 inclusive, due and
payable July 1, 1887.
Bonds 81 to 95 inclusive, due and
payable July i, 1888.
Bonds SO to 100 inclusive. due and
payable July 1, 1899.
Bonds 101 to los inclusive, due
and payable July 1. 1910.
Bonds LOG to ITO inclusive, due
and payable July 1, 1871.
Bonds Ill to lis inclusive, due
and payable July /. 1912
Bonds 116 to 100 inclusive, due
and payable July l, 1943.
Bonds 121 to 1926 inclusive, due
and payable july I, 1944.
1t Is further ordered by the court
that in the event said bonds are sold
as aforesaid, then the proceeds
thereof shall be deposited by the
President of this court or on his
order in the hands of the sheriff OF
this county, and it is further or
dered that the said sheriff shall re-
Geive no compensation for receiving
and disbursing said fund, and the
said sheriff shall deposit said funds
with bonded banks according to law.
The plan to meet the accruing in
terest on said bonds and to pay off
and discharge said bonds at the serial
maturity thereof is as follows:
1t shall be the duty OF the said
county court of Greenbrier County,
West Virginia, to, and the said court
shall each year at the annual levy
term thereof lay levy on all the
taxable property of Meadow Bluff
Magisterial district, according TO law,
OF sufficient amount to pay off the
interest on said bonds and to dis
charge and pay off the bonds fall
ing due at the next due date.
And the court further finding, and
the court being Of opinion, that the
road levy that may be laid
on the taxable property of said
Meadow Bluff District according to
law after providing for the building
and maintenance OF the roads and
bridges thereof, or that may other
wise be appropriated to the road
fund of said district, will not pro-
duce sufficient funds to pay the in
terest on said proposed bonded In
debtedness of One Hundred and
Twenty-six Thousand Dollars here
in provided for said Meadow Bluff
District and to provide funds for the
retirement thereof in twenty-five
years, and it further appearing to the
court, and tie court doth so find
that the maximum levy necessary
each year during said twenty-five
years to pay said interest and for
fund with which to take up, pay
off and discharge said bonds SO pro-
posed to be issued is fifty cents on
each one hundred dollars valuation
OF the taxable property of the said
Meadow Bluff Magisterial District, |
including tho aaid Town of poin,l1o