Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1925-05-01
in the following form.
Sec. 4.
100000
UNITED Estates OF AMERICA
STATE OF VIRGINIA
TOWN OF WOODSTOCK
WATER ROND

KNOW ALL MEN BY THESE PRES
ENTS, That. 1.-THE town OF Woodstock, IN
the county Or Shenandoah, State OF
Virginia is legally indebted for money
borrowed, and for value received
thereby PROMISES to pay to bearer on
the LIST day of July, 1855, the principal
sum of
ONE THOUSAND DOLLARS
with interest at the rate of 81 per
centum, payable semi-annually on the
LIST days of July and January OF each
year as evidenced by and upon the
presentation and surrender of the in
terest coupons hereto attached as they
|severally become due. Both principal
and interest are payable in lawful
money of the United States of America
at the Hanover National Bank OF New
York, State of New York.
For prompt payment hereof, both
principal and interest as the same be
come due, the full faith, credit and re-
sources OF said town of Woodstock are
hereby irrevocably pledged,
The town of Woodstock reserves the
right to redeem this bond on the lst
| day of July 1915, or upon any interest
payment date thereafter, upon giving
thirty days notice of such intention to
make redemption by filing such notice
at the place herein designated for the
payment of this bond,
I This bond is one of a series of one
hundred issued for the purpose of pro-
viding for an additional water supply
for said town under, pursuant to and
lin full compliance with the provisions
of the constitution and the laws OF the
state of Virginia, including among
others Chapter 122 of the Code of Vir-
ginia 1919 as amended and of the Act
of the General Assembly Of Virginia
lat its regular session in 1922, entitled:
"An Act to provide new charter for
1.-THE town of Woodstock and 10 repeal
fall acts or parts of acts in conflict there
with, and to declare all contracts and
obligations heretofore or hereafter
made by the present council and gov
lernment of the town of Woodstock and
Ian power heretofore or hereafter eXer-
Icised by them while in office, to be
Illegal and VALID and of the Act of the
General Assembly Of Virginia at its
Irregular 1924 session entitled: IAN Act
Ito amend and re-enact sections q and
I3S of an act entitled an act to provide
a new charter for the town of Wood
stock and to repeal all acts or parts oil
acts in conflict Herewith and to de-
clare all contracts and obligations
heretofore or hereafter made by the
present council and government of the
town of Woodstock and all power
heretofore or hereafter exercised by
Them, while in office, to be legal and
valid, approved March "a, 1924"
| 1t is hereby certified and recited that
Iall all acts, conditions and things re-
Iquired by the constitution and laws OF
the state of Virginia and of the said
Icharter of the town as amended, to
Happen, exist and be done precedent
TO and in the issuance of this bond,
lhave happened, exist and have been
performed in regular and due time,
form and manner that the total in
ldebtepess of said town of Woodstock,
Including the issue of which this bond
is part, does not exceed any con-
Institutional or statutory limitation; and
that provision has been made for the
levy of tax sufficient to pay the in
Iterest upon this bond and to provide a
Isinking fund to redeem the principal
thereof at maturity In addition thereto
the net profits of the Water Works are
pledged to maintain said sinking fund.
The full, faith, credit and revenue and
Iall the real and personal property of
Isaid town are hereby irrevocably pledg-
ed to the prompt payment of this bond
land interest as the same mature.
This bond is exempt from local tax
ation during the period for which the
Isame is made payable.
In witness whereof the town of
Woodstock state of Virginia, as afore-
said, has caused this bond to be signed
lby the Mayor of said town and attested
by the Clerk of the Town Council, and
the seal of the town to be affixed
thereto, and the coupons attached to be
Isigned with facsimile of the sigma
lures of said officers, and this bond to
be dated the 1st day of July 1925.
| TOWN OF WOODSTOCK
BY. ................... Mayor.
Attest:
........ .!....... Clerk of Council.
Form of .Coupon)
No............ 1927. 80
On the LIST day of January, 1925, the
town of Woodstock, state of Virginia,
for value received promises TO pay to
the bearer hereof Twenty Seven 50-100
Dollars in lawful money of the United
States of America at the Hanover
National Bank of New York, in the
state of New York, upon the surrender
OF this coupon, being six months in
terest then due on this water Bond.
Dated July /, 1925, and numbered
l..........
/ ............ Mayor.
Attests:
| ..............C Clerk of Council
Sec. 5. That in order to provide
fully for the liquidation and payment
OF the principal and interest of the said
bonds as the same shall become due,
there shall be provided sinking fund,
which, when app lied and invested in
accordance with law, will pay the in
terest upon said bonds as the same
shall fall due snd will discharge and pay
the principal and aggregate sum of all
said bonds at maturity thereof That for
the purpose of maintaining said sink
| ing fund, all of the earnings derived
from the sale of water, and the opera
| tons of said water system. and from
| all taxes imposed for the use of same.
shall be set aside and not mingled with
the general funds of the town, and
after paying there from all proper ex
penses and costs for maintaining said
system, the residue. or SO much thereof
las may be necessary to pay the in
terest and principal OF all outstanding
water bonds as the same shall be paid
over and into said sinking fund. If
there be any deficiency in thus pro.
viding for the payment of principal
and interest of said bonds, such de-
ficiency shall be provided for out of
the proceeds derived, or which may or
no, l. i. a. ~