Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1920-07-02
PROCLAMATION
AND NOTICE OF ELECTION
FOR SCHOOL BOND ISSUE
AND LEVY.

AND NOTICE OF ELECTION
FOR SCHOOL BOND ISSUE
AND LEVY.
m The Qualified Voters Of Le,UiS-
~ mira Independenf District, in the
Eouniy of Greenbrier, and State
Of West Virginia.
TAKE NOTICEi
THAT a, legal meeting of the
BOARD of Education of Lewisburg
iH"vdeDendcnt District in the Coun-
=, If Greenbrier. and State of West
Tr:ninia. held on the 10th day of
I',ne. 1920, the following order was
ndoplcd and entered of record,
II appearing to the Board of Edu-
cation of Lewisburg Independent
district that to accommodate the
Youth of school age residing in
lid district, it is necessary ITO
i,,ue bonds in the sum of S37 800,
n> provided by chapter 2 and 1926
Of the acts Of the legislature, 1891,
IN order to procure money for the
purpose of purchasing school site
for siteS), erecting, completing,
Charging or furnishing school
building in said district; and it
having been determined that this
proposed bonded indebtedness,
together with the existing indebt-
cdneSs, does not exceed 2 1-2 per
rentum of the value of the taxable
property in said district as aScer-
tained by the last assessment for
state and county taxes.
Therefore, in pursuance of the
foregoing and said chapters 2 and
l2G of said Acts of the Legisla-
lure Of 1919, it is hereby resolved
and ordered that the Board of
Education Of said Lewisburg In
dependent district do borrow mon
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 a school building in said
district.
And to provide more definitely
concerning said bonds it is furth-
r ordered:
Cd Said bonds shall be IS in
number of the denomination of
$4,000 each, and numbered from
one to rs consecutively, making,
the aggregate of s37,50O.O0.
GU Said bonds shall bear date
of the 1st day of September 1920,
and be payable on the 1st 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
of the. interest thereon, which
coupons shall be paid annually, at
the same place that the bonds are
payable, on the 1st day of Septem-
her, 1921, and SO on for each sue
Ceeding year until the bonds ma
ture, 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
series. will fall due and be pay
ing period of their issue. Such
bonds shall also contain pro-
vision 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 notify
ing the holders of such bonds, by
letter, if the names and postofIice
addresses of such holders be
known to the board, and by giving
at least sixty days notice by pub
LEGATION in one or more news
papers, said bonds TO be retired in
The order which they fall due.
go Said bonds shall be pay
able to the bearer and shall be
signed by the board of education
OF Lewisburg Independent District
Of Greenbrier County, State of
West Virgi nia, by the President
and Secretary, respectively, of
said board and the cooperate seal
of the board shall be affixed there
10, and the interest coupons shall
Likewise be so payable and bear
me engraved or printed sigma
lure of the secretary, and they
shall be cut off when paid.
(D Said bonds shall refer on
their face to chapters 2 and 1876
acts OF the Legislature of West
virginia, regular session 1919, un-
der which they are issued, and
snail contain a reservation 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 provid-
ca by, This order; and shall also
STATE that provision has been made
LOT the collection of direct an
nual tax to pay annually the inter-
cSt thereon and the principal there
o. within and not exceeding twenty
years.
90 Said bonds, after having
Deen advertised in some convenient
newspaper, for four successive
weeks previous to such sale. shall
pc sold at public sale TO the highest
bidder in writing, for cash, at not
iesS than. par value, and the pro-
cecds arising. from said sale of