The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-17

providing q suitable plot or land and
Of erecting thereon and OF furnishing
and equipping a suitable high school
building within said school district, Z
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 more definitely con-
corning said bonds It Is further or
dered:
1. Said bonds shan he three hundred
IN number OF the denomination Of
$4,000 each, and numbered from one
to three hundred, consecutiyeiy, max
ing In the aggregate $4,000. 90.
2. Said bonds shall bear date on
the 1st day Of June, 1913, and be pay
able on the 31st day Of May, 1853, at
the Peoples National Bank of Fairmont
In the city Of Fairmont, West Virginia,
and shall bear interest from their date
at the rate Of five per centum per an
nun; 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
49, R0J EO4Gf Oh L4lG OIHL ULaY May.
1920, and on the 31st day of May, 1921,
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-
tlTely 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-
grayed or printed signature of the
Secretary, and said coupons shall be
cut off when paid.
4. said bonds shall refer on their
lace to the Act Of the Legislature of
west Virginia, Session 1918, by author
ity Of which they are issued, and shall
contain a reservation of the right of
said Board Of Education to pay off
and redeem the same, or to pay 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.
5. Said bonds after having been du1v
advertised in some convenient news
paper FOR two weeks previous to such
SAFE shall be sold at public sale TO
the highest bidder in writing for cash,
put said bonds shall not be sold for
less than their par value, and the pro-
ceeds arising from the sale of said
ponds shall be used for the purposes
OF providing suitable plot of land
and OF erecting thereon and furnish
mig and equipping suitable high
school building within said district
70 accommodate the youth of school
age within said school district, and ac-
cordtng to location and plans adopted
and to be adopted by said Board of
Education for said district: and It is
further ordered that a direct annual
tax BIO levied and collected IN said
district sufficient to pay annually the
interest on said bonds and the princi.
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
30 cents on the one hundred dollars
valuation on all Of the assessable prop
erty in said district is hereby authoriz-
ed to pay said interests and provide a
sinking fund to pay the principal. as
required by law; and as hereinbefore
stated said bonds shall be subject to
redem7tiQn and payment at the cleo.
ton Of sald>board after five years from
pate. The Secretary, by order Of the
Board shgn each year give notice by
pumscatton in some newspaper publish
ed y tMarion county, to the holder or
holaers of said bonds desired by said
Boat to be redeemed that on or after
"a day named, the designated bond or
bonds, with any accrued or unpaid in
tereft, will be paid upon presentation:
and % not presented, they shall cease
to bear interest after the last publica.
ton of said notice; said notice shall
fbe published for two successive weeks
N one or more newspapers in said Ma
rtdp county prior to such designated
day OF payment. The money so lev
ief and collected to pay the principal
am interest on said bonds shah be an.
pied to that purpose and no other,
pfpvided, however, that said bonds
shRll not be issued and no sale thereof
shall be made until the question of ia
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 Ia.
sue proclamation to be published
and posted according to law appoint
ing time and the places at which
an election for the aforesaid purposes
shall be held by the qualified voters
OF said Union Independent School Dis
trtct, to decide whether said voters
VIII ratify or will reject this order.
and said proclamation shall also speci.
| fy the aggregate amount Of indebt-
edness existing against and authortz-
ed by said district at the date Of said
proclamation.
It is further resolved and orderad