The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1953-02-13
NOTICE
Town ofDiIIwyn> Virginia
Notice Of Special Election

Notice OF SPECIAL Election
A SPECIAL ELECTION shall be
held III the Town OF DillWyn, Viz
glnia. on March 10th. 1853, pur-
suant to and in accordance with
an order made by the Circuit
Court of the County OF Bucking-
ham in order to submit the queS-
ton whether the qualified voters
shall approve the issuance Of
bonds of said Town of the aggre-
gate principal amount of Sl30,000
bearing interest at a rate which
shall not exceed four per centum
$50 per annum. payable semi
annually and maturing serially
on September in each year as
follows. VIZ: $4,000 in the year
1854, $4,000 in each of the years
1855 and 1856. $4,000 in each of
the years 1857 TO 1859. inclusive
SIS 900 in each Of the years 1860 to
1868. inclusive, $4,000 in each Of
the years 1864 to 1868. inclusive
$1,000 in each OF the years 1869 to
1874, inclusive. $4,000 in the year
1875, and $4,000 in the year 1876
Said bonds shall be issued
under and in compliance with the
provisions Of CladSe 1b) OF Section
1877 of the Constitution of Vir-
glnia. and. subject to the condi-
/ tiCns prescribed by said clause
shall not be included in determin-
ing the limitations of the power
of the Town Of Dillwyn to incu
Indebtedness. Said bonds shall be
general obligations of the Town
of DillWyn and shall be issued
/ upon the credit of said Town. In
The discretion Of the Council any
one or more Of the bonds may be
made redeemable prior to its
maturity upon terms and con-
/ ditionS stated in such bond or
bonds
In the event chat bonds shall
be issued the Town Council pro-
poses to contract and agree with
the purchaser OF said bonds. and
with each person. firm or corpora
ton which may hereafter become
the holder of any Of said bonds
or any Of the interest coupons
I representing interest pay a b ! {
thereon. that, until all Of sale
bonds have been fully paid anC
/ discharged in accordance with
/ their terms "a said Town viii
collect rates or charges for water
or other services furnished By
such combined water supply anC
sanitary sewer system and ~
such rates or charges shall bt
fixed and maintained at a leve
which will produce sufficient
revenue under the requirements Of
( Clause tbl of Section 1877 OF the
| Constitution of Virginia. to pre-
vent said bonds from being in
cluded IN determining the limita-
ton of the power Of said Town tC
incur Indebtedness, that is to say
sufficient revenue to pay for thu
cost OF operation and admlniStra.
ton Of such combined system lin.
GLIDING interest on bonds ISSUED
therefor and the cost of in
, surance against loss by injury t.
persons and property and an an.
nual amount TO be covered intt
a sinking fund sufficient to pay
at or before maturity. all bOnd
issued to finance such combined
| system and 90 the revenue
which the Town derives from
such combined system. shall t.
the extent necessary be applied t
the payment OF such cost of ope
ration and administration and t
the payment of such annua
amount and "a in order to give
guarantees for the faithful OBJ
SerVance of such stipulations, sale
Town shall segregate and keel
segregated, from all other funds
all revenue derived by the Tow
from its operation and ownership
Of such combined system.
The polling place for said spec
ial election shall be in the Barnes
Lumber Company Office in the
Town Of DillWyn. The polls fol
said special election shall be
opened at $50 O'Clock. A. M
Eastern Standard Time and
shall be closed at $50 O'Clock. P
NJ Eastern Standard TimeD
BY order of the Circuit Court