Newspaper Archive of
Spirit of Jefferson Farmers Advocate
Charles Town, West Virginia
Lyft
March 16, 1961     Spirit of Jefferson Farmers Advocate
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March 16, 1961
 

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N() T ] t'~ ~. ? [The estimated cost of said acquis- Such registered bonds shall be A statutory mortgage lien on acquiring said waterworks sy- amounts re uired b the rovis- I~ARM~aS ............ I . .. " . " . I. q y p SPIRIT OF JEFFERSON ADVOCATI [ ltlon and the construction of said transferable to another registered said mumclpal waterworks sy- I stem.. All accrued interest recel-, ions of this ordinance to be paid 6 B THURSDAY MARCH 16 The following ordinance provid betterments .and improvements [ holder, or back to bearer, only stem is created by said Article 12 ]red through the issuance and sale l into said sinking fund fog the, "--~" . ~ .~lul~L,~., ~,l~~u, ~/ m .-- -,~,~n" f,~r th..,, t.,~ ....... .c.~.si~i)' a memaing engineering, financing upn presematin t the ~ity f Chapter 8 of the West Virginia ] of said bonds shall be aid into I a meat of the interest on andIz.,..- , "' ' P P Y . ~i~ d~l~ iii t a~f~dm~ah~:i~~UT~: ~)ion hv th~ CiJv ,~f t:h,rlo-, legal and other pertinent costs is Clerk with a legal assignment Code to and in favor of the hold- the Water Revenue Bond Interest rinci al of the bonds herein an- from the facilities of said manic[- afforded thereby, and will UE I ' '~t - .... tered or transferred to bearer as] g q / ] 5/8 or 5/8 x~ Meter~~$150 iper ants and agrees that so l .................. ~ ........... . " "' " ". ". P P 1 a r or s " , Town. West Viruinia of the Dres-i$525,000" duly acknowledged or proved Re er or holders of the series of and Stoking Fund heremaftelthomzed and to create a marginpa w te w ks sy tern gate the income and re ently'privately ()wried waterworks ] Section2. That in order to pro-[gistration of any, of such. bonds bonds of which this bond is one ]created. The balance of the pro- of safety So long as any of system supplying water and water ]vide funds to pay the cost of ac- ]sna!l not a~tect ~,ne negouaol~lty I and the holder or holders of the I ceeds of said bonds shall be set [ Said sinking fund shall be used [ sued hereunder shall ~e funds, a~ I ~I service in and to'said city and sur ]quiring said waterworks system I~ me coupons thereto .attacnea ]coupons appertaimng thereto and I apart and kept in a special fund I solely and only and is hereby I standing and unpaid ~inance; ~[~ " rounding territory including the ]and thereafter constructing bet- ]Put SUCh coupons snail ~e trans- [ same !s hereby recognized as vii- [ to be disbursed on orders of the [ pledged for the nurnose of navin~ [ ing rates shall be t~Y irrevocably covq~][~ffl~ll 'l"o~vn of Ranson and the construe ]terments and improvements there ]terame oy ueJivery merely. [in ana oinaing, an(1 saia man[ca- [ Common Council of said city for [the interest on'-an~t "accon%plish: ] monthly rates to be ~~tself~mi~[~: I tion of improvements and better- ]to, as referred to in Section 1 I Section 4. That bonds and in- I pal waterworks system and all t the purpose of paying the cost of in- the retirement of the bonds the services render~rtgage, or .i~.I-=*~m meats thereto "and 'making pro-[hereof, there shall be and there is I terest coupons shall be in sub- betterments and improvements ]constructing betterments and im-[h~ein authorized and an,, addit [municipal waterwork~'spose-of the i~t~,.__._ vision for the issuance and sale [hereby authorized to be issued [stantmlly the following form, to I thereto shall remain subject to [provements to said mumc~pal [ tonal naritv bonds and unless all ]Monthly Water Rate~rties, incl~ ~ ...... :quotatio of Water Revenue Bonds of said [Water Revenue Bonds of said [wit: l such. statutory mortgage lien as [waterworks system of said city I of the bonds outstanding are to [ SCHEDULE ~~t~t~ city in the amount of $525,000, ]city in the total principal amount [ ~Form of Bond) provmed by the oramance author ~as hereinbefore identified; prop[- I be retired only such sums as ma- I A,,,qicable in enti~meats ][~ve~oc~ - . .... ~ ~ ~ ~-~ -a mBtld and establishing the minimum ]of $525,000, dated April 1, 1961, of [ttmt~.~r~ ~,^~.~ c~w a~,.to~ I!zing sa~d serms of bonds, untd/ded ~h~t i-( .... ) ...... ' ....t be in excess of the amount of in-[served .......... # [may be made therto, excel~l~e,nday, : rates and charges for the fie[lit- [the denomination of $1,000 each, / "~S'FATE" OF'~V~E~ST* V'I~R~iN'I~k"~ [ the payment m tall of the prince- [ said' b~on~s during~ tl~e~con's~ruct~ [terest and principal becoming [ Availabil/ty Of Servi~gage l~ of c( ies remdered by such system was [.numoere~ consecutively ~. to 525, / COUNTY OF JEFFERSON ]pal at ana interest on sam Donas. ]ion period shall be deemed an due within the succeeding twenty I Available for gene~~ 10 her~.V~..,witt adopted at a meeting of the Cam- ]mems~ve, ana maturing in hum- / CITY OF CHARLES TOWN [ This bond shall be fully nego- ]item of construction cost and to [ four (24) months shall be used to ]commercial and indu~erein unsettle, h moll Council of said city on the ]erlcai. oraer on April I at me re- [ WATER REVENUE BOND it[able and pass by delivery but tthe extent such interest is not ]redeem or retire bonds in advance ]METER RATE I ed to be issued shall have :l~_e" of sa 6 day of March, 1961. i specuve years as ~ollows: [Number $1000[may be registered as to principal,]paid from revenues it shall be]of maturity. As and when funds I First 10,000 gals. u~ip.al~.00; cow Said city contemplates the is-]Year Amount] KNOW ALL MEN BY TttESE ]on the books of the city in the of-]paid from the proceeds of said [are so set aside and paid into/th $0.6o per 1,000 gal~he cry fu~he~.'~ suance of said ha.ads and'a pub- ]1964 $ 5,000 ]PRESENTS that the City of [rice of its City Clerk, evidence [bonds. Pending expenditure the Isaid sinking fund they shall be [ Next 30,000 gals, u~~he.~.._ bate[ lic hearing in connection there-|1965 5 000 ]Charles Town, West Virginia a I of such registration to be noted [proceeds thus set apart for con-/remitted to the State Sinking/th $0.50 per 1,000 dais. ers of said bonds to maintainS---7----- with will be held at City Hall, ]1966 6'000 ]municipal corporation, organized ]here on by such City Clerk as ]struction costs shall be deposited/Fund Commission of West Vir-[ Next 30,000 gals. us~dition and contin~ Charles Town,, W...Va. in said|1967 6'000]and existing under the laws of/Bond Registrar, after which no [in a bank or banks, and each[ginia with appropriate instruct-]th $0.40'per i,000 gal~id municipal .~[ , I~. city on the 3rd day of April, 1961 ]1968 6'000 ]the State of West Virginia (some [transfer shall be valid unless ]such deposit to the extent it eaus ]ions as to the use and application ] Next 30,000 guts. us~t and~o charge.!1.~ at 7:00 o'clock P. M. at which |1969 6'000 ]times known as "The Corporation [made on such books at the re- [es the aggregate deposits by said [thereof. " /th $0.30 per 1,000 gal~ch rates and char .~