Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1925-05-08
BOND ISSUE OF 100000.
PROVIDED FOR AT A MEETING OF.
THE TOWN COUNCIL OF WOOD
STOCK HELD ON The 18th day
OF APRIL. 1925.

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STOCK HELD ON The 18th DAY
OF APRIL. 1925.
Abstract of the council minutes re-
lating to and providing for the issuance
of water bonds for the town of Wood
stock:
Pursuat to the adjournment OF reg
ular meeting of the town council of
Woodstock, at the council chamber in
said town on Tuesday evening April
z, 1925 the council met in the office of
M. L. Walton, Jr., on Friday evening,
April II. 1925, at 1880 o'clock.
Present Herbert Trotter. Mayor,
Allen Albert, M. H. Bowman, C C.
Boyer, w. A. Few, c. L, FOCAL. and j.
B. Rush.
Absent: None
Minutes of the previous meeting
were read and approved.
Allen Albert, Chairman of the FL
nance Committee, reported that M. l..
Walton, Jr., Attorney for town. had
delivered to his Committee a copy of
proposed ordinance, provid-
ing for an issuance OF 500. 600 90 of
Water Bonds, which the said attorney
had been instructed to prepare, and
which was read at former meeting of
the council. and his Committee recon-
mended the adoption and enactment OF
the ordinance as prepared and sub
mitted to his Committee, providing for
the issuance of Water Bonds to the
amount of 500, COCO. bearing inter-
est at the rate OF ST per cent.
On motion of C. C. Boyer. seconded
by w. A Few, the following resolu-
| ton was adopted:
Be il resolved, That the report of
the Finance Committee be, and the
same is, hereby adopted, and.
Whereas, it having been demon
strairated by surveys and estimates
made and submitted to this and to for
mer councils that the requirement oil
an additional water source and facii-
tiles for furnishing an adequate and
needed water supply for the town OF
Woodstock is not practicable or possible
except by the expenditure OF a large
sum of money.
Be it, therefore, further resolved,
that the ordinance providing for the
bond issue as referred to in the re-
port Of the Finance Committee be
/ formally read to the council, and the
same put upon its final passage and
adoption;
Whereupon, the ordinance provid
ing for an issuance of $1O0, 600 90 Of
Water Bonds, reported upon and ap.
proved by the Finance Committee and
prepared by direction OF former meet
ing of this council on the 7th day Of
April, 1925, was read by the clerk anC
the same was ordered to be spread
upon the minutes OF the council. and
Upon motion by C. C. Boyer duly
seconded by w. A. Few, the ordinance
as read and recorded was adopted anC
enacted by the following recorded vote
of the council:
Ayes: Allen Albert. NJ. II. Bowman
C. C. Boyer, w. A. Few, c. L. Foga
and j. B. Rush.
/ Noes: None.
The attorney of the town was in
sructed to forthwith have the ordinance
providing for the issuance of Water
: Bonds certified to the Judge of the
: Circuit Court of Shenandoah Coanty ii
vacation, and to request said Judge Il
enter the necessary order to provide
for the submission of the question o
: issuing said Water Bonds at a specia
election to be held on Tuesday, MAY
10, 1925, in the manner provided By
law.
A True Copy: Teste.
: HERBERT TROTTER. Mayor.
An Ordinance Providing For The Is
suance and sale of 500, 10000 Water
: Bonds OF The Town of Woodstock, In
The County OF Shenandoah, State o.
Virginia, Describing The Form OF Said
Bonds, Providing That Said Bonds Shsl
Be Exempt From Local Taxation And
Providing For The Creation or A
The Principal And Interest or Sale
der This Ordinance When Such Issue
Shall Have Been Approved BY An At
firmative Vote OF A Majority or The
Qualified Voters OF The Said Town Oh
Woodstock, Voting Upon The Question
Of Their Issuance At A Special Elec,
tion To Be Held On Such Date As
The Circuit Court OF Said County of
Shenandoah designates.
Whereas, it Is deemed expedient and
necessary by the town of Woodstock,
Virginia, that the sum OF 500, 900. OF
be borrowed by the town for the pur-
pose Of providing for an additional
water supply for said town and that
bonds be issued therefor:
Now, therefore, be il ordained by
the council of the town OF Woodstock,
in the State OF Virginia, as follows:
| Sec. |. That negotiable coupon bonds
of the town of Woodstock, State OF Vir.
ginia, in the sum Of 500. 900 90 be
issued for the purpose Of providing for
an additional water supply for said
town, for constructing additional reser.
voirs and conduits, the acquiring oil
water rights and rights of way. and for
the establishment Of system of water
mains and pipes and for the doing oil
all things necessary to be done in con-
nection Herewith, to the end of secur,
ing an adequate supply for the use oil
said town as may be necessary for the
legitimate uses Of all of It's citizens and
fire protection Of all the property oil
and in said town; and said bonds shall
be one hundred 400 in number, mum.
bered from to 100 Inclusive, of the
; denomination ~of 100000 each, and
shall be designated water Bonds
said bonds shall be dated the LIST day
of July 1925, and shall be absolutely
due and payable on the LIST day of July
1866, and shall be redeemable at the
option of the said town Of Woodstock
on the LIST day of July 1915, upon Civ
ing thirty days notice of such intention
to make redemption by filing such
notice at the place designated 10 said
bonds for their payment. Said Bonds
shall bear interest at the rate OF ST. per
annually on the LIST day OF July and
January In each year, both principal
and interest of said bonds shall be nav.