Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1925-05-01
WATER BOND ISSUE OF 100000.
PROVIDED FOR AT A MEETING OF
The TOWN COUNCIL OF WOOD
STOCK HELD ON The 18th DAY
Qf April. 1925.

ILL TWIN tUUHOlL vi WVUU
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 IL, 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, 900. 90 of
| "otCt OOuuo, WAlCu tuC odlQ dllOi uSy
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 sl00, 10000. bearing inter
est at the rate OF 81 per cent.
On motion of C. C. Boyer, seconded
| by w. A. Few, the following resolu
ton was adopted:
Be it resolved, That the report o.
the Finance Committee be, and the
same is, hereby adopted, and,
4 Whereas, it having been demon.
stratrated by surveys and estimate!
made and submitted to this and to for.
mer councils that the requirement Of
an additional water source and facil
tiles for furnishing an adequate an6
needed water supply for the town Of
Woodstock is not practicable or possible
except by the expenditure of large
sum of money.
Be it, therefore, further resolved
that the ordinance providing for tn,
bond issue as referred to in the re
port of the Finance Committee b.
formally read to the council, and thu
same put upon its final passage ant
adoption;
Whereupon, the ordinance provid
ing for an issuance of $l00, 600. 90 o
Water Bonds, reported upon and ap'
proved by the Finance Committee and
prepared by direction of former meet
ling of this council on the 7th day o
April, 1925, was read by the clerk anC
the same was ordered to be spreat
upon the minutes of the council. and
Upon motion by C. C. Boyer dull,
seconded by w. A. Few, the ordinances
as read and recorded was adopted an(
enacted by the following recorded vot'
of the council:
Ayes: Allen Albert, NJ. H. 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 ordinanc,
providing for The issuance of Watel
Bonds certified to the Judge OF the
Circuit Court of Shenandoah Coanty il
vacation, and to request said Judge t
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, Ma.
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 $100,000.00 Water
Bonds OF The Town of Woodstock, In
The County Of Shenandoah, State o.
Virginia, Describing The Form OF Sale
Bonds, Providing That Said Bonds Shal
Be Exempt From Local Taxation AnC
Providing For The Creation or A
Sinking Fund For The Payment o.
The Principal And Interest OF Sale
Bonds: Said Bonds To Be Issued I'm
der This Ordinance When Such Issue
Shall Have Been Approved BY An AT
firmative Vote or A Majority OF The
Qualified Voters or The Said Town Oh
Woodstock, Voting Upon The Question
or Their Issuance At A Special Elec
ton To Be Held On Such Date As
The Circuit Court OF Said County OF
Shenandoah designates.
Whereas, it is deemed expedient anC
necessary by the town OF Woodstock
Virginia, that the sum OF 500, 900. OK
be Borrowed by the town for the pur.
pose Of providing for an additional
water supply for said town and thai
bonds be issued therefor:
Now, therefore, be 1t 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, 200 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 foi
the establishment OF a 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 its citizens and
fire protection of all the property OF
and in said town; and said bonds shall
be one hundred (100l in number, num-
bered from to 100 Inclusive, of the
denomination of 100000 each, and
shall be designated water Bonds"
said bonds shall be dated the lst day
of July 1925, and shall be absolutely
due and payable on the LIST day of July
1855, 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 in said
bonds for their payment. Said Bonds
shall bear interest at the rate OF 81 per
centum per annum, payable semi
annually on the LIST day of July and