Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1926-03-10

Council OF the corporation OF lnaIitr
Town. held on the 9Th day Of March,
1926. an order was made and enter
ed on the records of the minute
book of said Corporation of Charles
Town in the words and figures fol-
lowing. to-wit
Order Submitting Proposition of
Issuing Bonds to Vote.
Be 1t Ordered by the Council of the
Corporation of Charles Town.
That it appears to the Council OF
the CORPORATION Of Charles Town and
said Council doth accordingly find,
that il Is necessary that improve
ments be made in the Corporation OF
Charles Town, as follows: Ample
and sanitary and storm sewering and
such improvement of streets and al
leys as may be required in installing
such sewering; and that the funds
derived from current levies. apple
able to making such improvements.
which this body is now authorized by
law to lay. after providing for. the
administration of the affairs OF said
Corporation of Charles Town. and
meeting the current expenses there
of as required by law, are insufficient
to make said improvements. and that,
therefore. bonds should be issued to
provide funds for such purposes;
And that it appears to the said
| Council, and the said Council doth
accordingly find, that the valuation
of the taxible property in said Cor
poration of Charles Town. as shown
by the last assessment thereof for
! State and County taxation purposes,
| is $3,192,359.00 (Three million. one
hundred and ninety-two thousand
and three hundred and fifty-nine
| dollars); that the Indebtedness of
said Corporation of Charles Town is
| $4,000. fnine thousand dollars) and
| that therefore, bonds in the amount
of $68,000.00 (Sixty-eight thousand
dollars) may be issued without ex-
ceeding any constitutional or statu-
tory limitations.
That coupon bonds to the amount
of $68,000,00 (Sixty-eight thousand
dollars) be issued and sold. the pro-
ceeds of which shall be used only for
Ample and Sanitary and Storm Sew
ering in said Town and such inn
provements of streets and alleys as
NAV be required in such sewering.
That said bonds shall bear interest
at a rate not exceeding per cent.
five per cent? per annum, payable
semi-annually and be payable from
not more than one to thirty-four
years from their date: and that the
maturities of each series ofsaid bonds
shall be as follows:
Four bonds of $4,000 five hun
bred dollars1 each Tin all two thous-
and dollarsl shall be payable each
year for 81 (thirty-fourl years.
1t is further ordered that a
special election be held in said Cor
poration of Charles Town. on the
9TH DAY OF APRIL, 1926,
for the purpose of voting upon the
question of mourning the debt and
issuing said bonds. and all other
questions properly connected there
with; and that the Commissioners
for holding said election be appoint
ed as follows. namely:
First Ward-Geo. Mock, c. P.
Engle, w. T. Ramey, Commissioners
Mrs. Howard Sechrist, Clerk.
Second Ward-. w Gardner, Miss
Clara Leslie. H. X. Amber. Commits
sioners; Harry Wiener. Clerk.
Third Ward-Geo. p. Shirley, l..
S. Linson. Frank Beckwith, Commits
sioners; Miss A. l.. Baylor. Clerk.
Fourth Ward-Mrs, A. d Barr, T
] Wilson, Mrs. T. M Baker. Com
missioners: Miss Kate Dooley, Clerk.
That said Council be and it is hereby
authorized to lay an annual levy up
on the assessed valuation of all the
taxable property within the said
corporation OF Charles Town. suiiic-
lent to provide funds for the pay
ment of the annual interest upon
said bonds. as it accrues semi-an-
nually. and the principal thereof at
maturity; for which purposes levy
of not exceeding SIT (seventeen)
cents on the hundred dollars valua-
ton. based upon the last assessment
of said property for State and Coun-
ty purposes. will be provided.
That said election shall be held un-
der the following rules:
% The qualified male and fe-
male voters of the town regardless
of their respective residence in the
words shall be entitled to vote for or
against the proposed bond issue.
~ 1t shall be the duty of the
Finance Committee to have all bal
lots printed, provide all necessary
books, pens. pencils, papers, &c. and
to have suitable booths erected in
the respective poll-rooms, and to de-
liver the ballots. books. papers, &C.,
to the Commissioners on the morn
ing of the election at each voting
place.
go The ballots shall be in the
following form:
Form of Ballot.
Shall the Corporation of Charles
Town incur debt and issue bonds in
the amount of $68,00O.O0 (Sixty-
eight thousand dollars) to run not
more than thirty-four years from the
date hereof, with interest not exceed
ing 5 per cent. five per cent? per
annum. for the purpose of ample
and sanitary and storm sewering and
such Improvements of streets and al
leys as may be required in installing
such sewering in said town and levy
taxes sufficient to pay the interest
and flrinpjnal of sold b1uIn