Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-07-18
PROCLAMATION.

And notice of election for school
oond issue and levy.
To the qualified voters of Ger
rardstown District in the County Of
berkeley and State OF West Var
| ginia:
TAKE NOTICE
THAT at a legal meeting of the
| Board Of Education of Gerrards.
town District in the County of Der.
Kelley and State of West Virginia,
held on the 18th day OF July. 1921.
the following order was adopted and
entered Of record, namely:
| 1t appearing to the Board OF Edu.
cation of said district that to ac-
| comodate the youth of school age
residing in said district, it is neces-
sary to issue bonds in the sum Of
| S25,000.00 as provided by chapters
two and one hundred and twenty
six Of the acts of the legislature
| 1919, in order to procure money for
the purpose of purchasing school
| site, erecting, completing, charging
| or furnishing graded and high
school at Gerrardstown, and a grad.
ed school at Shanghai and il hav-
| ing been determined that this pro-
| posed bonded Indebtedness. togeth-
| er with the existing Indebtedness,
does not exceed two and one-haf
per centum of the value of the tax
! able property in said district as as
| certained by the last assessment
for state and county taxes:
| Thorpfnro in 90 o
| foregoing, and said chapters two
| and one hundred and twentysix
! Of said Acts OF the Legislature OF
| 1919, it is hereby resolved and or
dered that the Board Of Education
Of said Gerrardstown District do
| borrow money in the sum OF $4,000
! and issue and sell bonds or raise
said amount for the purpose OF
purchasing school site, erecting,
completing. enlarging or furnishing
| said graded and high school at Ger
| rardstown and said graded school
| at Shanghai in said district.
And to provide more definitely
| concerning said bonds it is further
ordered:
% Said bonds shall be $50 in
| number of the denomination Of
800 each, and numbered from I to
$50. consecutively, making the ag-
gregate of s25,oO0.O0.
(2) Said bonds shall bear date of
the list day of September. 1921 and
| be payable as follows: Nos. l to 25
| inclusive on the LIST day OF Sept.
1926: Nos rs to so inclusive on the
1st day of Sept 1927; Nos. 81 to
| rs inclusive on the LIST day OF Sept.
1928; Nos. rs to 100 inclusive on
the let day of September, 1929;
Nos. 1O1 10 1875 inclusive on the LIST
| day OF September 1880: Nos 126 to
| $50 inclusive on the list day Of Sep
Der, 1881: Nos. ISL to ITS inclusive
on the LIST day Of September, 1882;
Nos. 176 to 200 inclusive on the 1st
, day OF September, 1888: Nos. POI
! to 225 inclusive on the LIST day of
September, 1884; and Nos 226 to
250 inclusive on the 1st day Of Sep
TENDER, 1895. at the Peoples Trust
Company, Martinsburg, West Vir-
ginia, and shall bear interest from
| their date at the rate of six per
| cent per annum they shall have
coupons attached for the payment
! OF the interest thereon. which cou-
Dons shall he payable annually, at
! the same place the bonds are pay
| ahle on the LIST day Of September.
| 1922 and so on for each succeeding
| year until the bonds mature, unless
| sooner redeemed or cancelled pur-
| suant to law. Said bonds shall be
| issued serially in equal installments
Of $500 each so that after the first
FIVE years from the date of their IS
| use one OF the series will fall due
| and be payable in every year OF the
| remaining period OF their issue.
Such bonds shall also contain pro-
vision authorizing the Board of Ed
| ucation. after five years from the
| date OF issue, to pay any or all Oh
| the remaining outstanding bonds al
| any interest period by notifying the
holders of such bonds. by letter, II
the names and postoffice addresses
| of such holders be known TO the
: board. and by giving at least sixty
davs' notice by publication in one
/ or more newspapers, said bonds 10
be retired III the order which they
1 fall due.
(3) Said bonds shall be payable
! TO the bearer and shall be signed by
the Board of Education of Gerrards-
town School District of Berkeley
County, State of West Virginia, by
the President and Secretary. re-
spectively. OF said board and the
corporate seal Of the said board
shall be affixed thereto and the in
terest coupons shall likewise be so
navable and bear the engraved or
printed signature OF the Secretary
and they shall be cut off when PAID.
/ (D Said bonds shall refer on
their face to chapters 2 and l2b,
Acts OF the Legislature OF west
virginia. regular session, 1919, UNI
der which they are issued and
shall contain reservation OF the
right 81 said board to pay off and
redee-- the same, or any one or
more OF the same after five years
from the date Of issue, as provided
nv this order: and shall also state
that provision has been made for
the collection of direct annual
INK to pay annually the interest
thereon and the principal thereof,
within and not exceeding twenty