Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-07-25
PROCLAMATION.

And notice of election for school
bond issue and levy.
To the qualified voters of Ger
rardstown District in the County of
Berkeley and State Of West vir-
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, 1t is neces-
sary to issue bonds in the sum OF
S25,o0o.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 a graded and high
school at Gerrardstown, and a grad
ed school at Shanghai and it 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:
Therefore, in pursuance of the
foregoing, and said chapters two
and one hundred and twenty-six
| 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, charging 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 ESQ In
number of the denomination OF
S10O each, and numbered from l to
$50. consecutively, making the az
gregate Of s25,o0o.O0.
(2) Said bonds shall bear date Of
the 1st day OF September, 1921 and
be payable as follows: Nos. ! to 25
inclusive on the LIST day of Sept.
J 1926; Nos rs to SO inclusive on the
LIST day OF Sept 1927; Nos. 81 to
rs inclusive on the 1st day OF Sept,
1925 Nos. rs to 100 inclusive on
the LIST day OF September, 1929;
Nos. 101 to 125 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, 1892;
Nos. 176 to 200 inclusive on the 1st
day OF September, 1898; Nos. 201
to 225 inclusive ON the list day OF
September, 1884; and Nos. 226 to
| $50 inclusive on the LIST day Of Sep
| TENDER, 1885. 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-
| pons shall be payable annually, at
| the same place the bonds are pay
able 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 serlally 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 OF
the remaining outstanding bonds at
any interest period by notifying the
holders OF such bonds, by letter. If
the names and postoffice addresses
Of such holders be known to the
board, and by giving at least sixty
DAYS notice by publication in one
or more newspapers, said bonds to
| De FeIlf6u III Inc Oiuci NHiCu thVy
fall due.
90 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 end 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
PAYABLE 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 and 1876,
Acts of the Legislature Of West
Virginia, regular session, 1919, I'M
der which they are issued, and
shall 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 provided
by this order; and shall also state
that provision has been made for
the collection Of a direct annual
tax to pay annually the interest
thereon and the principal thereof,
within and not exceeding twenty