Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1920-07-09
AND NOTICE OF ELECTION
FOR SCHOOL BOND ISSUE

AND NOTICE OF ELECTION
FOR SCHOOL BOND ISSUE
AND LEVY.
To the Qualified Voters Of Letuis-
burg Independent DiStricE"in the
County of Greenbrier, and State
of West YirGinia.
TAKE NOTICE!
That at a legal meeting of the
Independent District in the Coun-
ty of Greenbrier, and State of West
Virginia., held on the 10th day of
June, 1920, the following order was
adopted and entered of record,
namely:
1t appearing to the Board of Edu-
cation of Lewisburg Independent
District that to accommodate the
youth Of school age residing in
Saidt district. it is necessary ito
issue bonds in the sum Of $37 500,
as provided by chapter 2 and 126
of the acts of the legislature, 1891,
in order to procure money for the
purpose of purchasing school site
Cor sites), erecting, completing,
charging or furnishing school
having been determined that this
proposed bonded indebtedness,
together with the existing indebt-
cdness, does not exceed 2 IL per
centum of the value of the taxable
property in said district as ascer-
tanned by the last assessment for
state and county taxes.
Therefore, in pursuance of the
foregoing and said chapters 2 and
1876 of said Acts of the Legisla-
ture of 1919, it is hereby resolved
and ordered that the Board of
Education of said .Lewisburg In
cy in the sum of $37500.O0 and
issue and sell bonds to raise said
amount for the purpose of purch-
aSing school site Cor sites), erect
ing, completing, charging or fur
niShing q school building in said
district.
And 10 provide more definitely
concerning said bonds it is furth-
er ordered:
% Said bonds shall be rs in
number of the denomination of
$4,000 each, and numbered from
one to rs consecutively, making
the aggregate Of S37,500.00.
GU Said bonds shall bear date
of the 1St day of September 1920,
and be payable on the Isl day of
September, 1910, at the Bank of
Lewisburg, in the town of Lewis
burg, West Virginia, and bear in
terest from their date at the rate
Of six per centum;. they shall have
coupons attached for the payment
coupons shall be paid annually, at
the same place that the bonds are
payable, on the 1st day of Septem-
Der, 1921, and so on for each sue
cecding year until the bonds ma
tIre, unless sooner redeemed or
cancelled pursuant to law. Said
bonds shall be issued seriallv in
equal installments of $4,000 each
so that after the first years from
The date of their issue one of the
series will fall due and be p9y-
able in every year Of the remain
ing period Of their issue. Such
bonds shall also contain a pro.
vision authorizing the board Of
eeducation,. after five years from
the date of issue, TO pay any or all
at any interest period by notify
ing the holders of such bonds, by
letter, If the names and postoflice
addresses of such holders be
known to the board, and by giving
at least sixty days notice by pub
lication in one or more news
papers, said bonds TO be retired in
the order which they fall due.
(3) Said bonds shall be pay
able to the bearer and shall be
signed by the board Of education
OF Lewisburg Independent District
81 Greenbrier County, State of
West Virginia, by the president
and Secretary, respectively, Of
said beard and the cooperate seal
OF the board shall be affixed there
10, and the interest coupons shall
Likewise be so payable and bear
the engraved or printed sigma
ture. of the secretary, and thew
shall be cut off when paid.
=, (D Said bonds shall refer on
their face to chapters and 1876
acts OF the Legislature of West
virginia, regular session 1919, un-
der which they are issued, and
shall contain q reservation of The
right of said board TO pay off and
redeem the same, or any one or