(House Bill No. 330.) CHAPTER 115. AN ACT providing for preserving the purity of the waters of the New and Great Kanawha Rivers. [Passed February 22, 1901. In effect 90 days from passage. Approved February 23, 1901.] Whereas, The New and Great Kanawha rivers have Preamble. for several years, last past, been greatly contaminated and discolored to the injury of all riparian owners along the same within this State, and Whereas, It is represented that this is the result of Preamble. the washing of iron and other ores along said New river, in the State of Virginia, therefore, Be it enacted by the Legislature of West Virginia: tion of waters Kanawha riv amination of. -- proceedings when and in may be taken; what courts. -whose name 1. It shall be the duty of the governor to cause ex- Contaminaamination to be made by such agent as he may appoint of New and for the purpose, who shall report fully to the governor ers; governor in writing concerning the causes of such contamina- to cause extion; and if it shall appear by said report that the same is caused by the use of the waters of New River in the state of Virginia, then the governor may, if he sees fit, direct the attorney general to take such proceedings, either at law or in equity, in the name of the State in the Supreme Court of the United States or in the United States Circuit Court for West Virginia if jurisdiction can be had of defendants, and if not, then in such court in the state of Virginia, either in the name of this State, or in the name of any riparian owner therein of said New or Great Kanawha rivers, as may permit his name to be used for the purpose, to cause said contamination and discoloring to be discontinued. costs, etc. 2. In case such proceedings be taken in the name State to pay of any such riparian owner, then the costs and ex- when. penses of the same shall be defrayed by the State. tion to pay 3. The sum of five hundred dollars is hereby appro- Appropriapriated, payable out of the general state fund, upon costs. the requisition of the governor, to pay the costs of any such proceeding. Town council of Buckhannon author ized to issue bonds; (House Bill No. 320.) CHAPTER 116. AN ACT to authorize the town council of the town of Buckhannon to issue bonds to the amount of nineteen thousand dollars to refund the old bonds of said town. [Passed February 18, 1901. In effect 90 days from passage. Approved February 20, 1901.] Be it enacted by the Legislature of West Virginia: 1. That the town council of the corporation of the town of Buckhannon is hereby authorized and empowamount; rate ered to issue bonds to an amount not exceeding the sum of nineteen thousand dollars in the aggregate, at any rate of interest not exceeding four per centum per annum. of interest. Interest may be paid, when. -what must be expressed on coupons, Principal, when payable. Bonds, sold at par. 2. That the town council of the corporation of the town of Buckhannon shall designate whether the interest on said bonds shall be paid annually, semi-annually or quarterly, and the time when, and the place where, the same shall be payable; all of which shall be expressed on the face of coupons for the payment of said interest attached to the said bonds. 3. The principal of said bonds shall be payable after five years at the option of the said council at such times and place as are declared on the face thereof, not exceeding twenty years after date of their issue. 4. That no bonds shall be sold or delivered or exchanged for less than their face value, and the proceeds arising from the sale of said bonds shall only be used to pay, cancel and redeem, the present outhow applied. standing bonds of said corporation and there shall be —no increase no increased indebtedness made or paid by said bonds. -proceeds. of debt. Council to provide for payment of interest and principal. 5. That the said town council of the corporation of the town of Buckhannon shall provide annually for the payment of the interest on said bonds, and after five years provide also for the payment of the principal within the time expressed on the face of said bonds, in accordance with section eight of article ten, of the constitution of West Virginia. 6. The bonds authorized to be issued under this Bonds exempt from city act shall be exempt from taxation for municipal pur- taxation. poses, which fact shall appear on the face thereof as part of the contract with the purchaser. (House Bill No. 305.) CHAPTER 117. AN ACT authorizing the Council of "The Town of Point Pleasant," Mason County, to fund the bonded indebtedness of said town. [Passed February 12, 1901. In effect 90 days from passage.. Approved February 15, 1901.] Be it enacted by the Legislature of West Virginia: Pleasant. issue and sell; able, etc. 1. That the council of "The Town of Point Pleas- Bonds; counant" is hereby authorized to issue and sell thirty cil of Pt. thousand dollars of refunding bonds of the denomina- authorized to tion of five hundred dollars each, dated September kind: amount; first, one thousand nine hundred and one, and payable when payto bearer in thirty-four years after date, with interest thereon at the rate of four per centum per annum, —rate of payable annually; said bonds and the interest coupons thereto attached shall be payable at the Merchants' where national bank of West Virginia at Point Pleasant, interest paid. West Virginia. But any of such bonds shall be re-bonds may deemable and payable at the pleasure of said town at be paid, any time after ten years from the date thereof. interest. bonds and when. pay. 2. There shall be levied and collected by a direct Annual tax to annual tax sufficient sum of money to pay annually the interest on said bonds and the principal thereof within and not exceeding thirty-four years. ow applied. 3. Nothing herein contained shall be construed as No increase of authorizing any increase of the bonded indebtedness bond debt; of said town; nor shall the bonds issued under this ho act, or the proceeds of sale thereof, be used for or ap plied to any other purpose than the payment and redemption of the present bonded indebtedness of said town. Bonds; how sold. 4. Said bonds shall be sold at not less than their par value; and shall be issued and sold persuant to the provisions of the ordinance passed by the council of said town on the fifth day of February, nineteen hundred and one. Bond debt ized to be funded; how and when. (House Bill No. 222.) CHAPTER 118. AN ACT authorizing the corporation of Shepherdstown to refund its bonded indebtedness by the issue of new bonds at a lower rate of interest than six per cent. [Passed February 19, 1901. In effect 90 days from passage. Approved February 21, 1901.] Be it enacted by the Legislature of West Virginia: 1. That the mayor, recorder and common council town author of the corporation of Sherherdstown, in the county of Jefferson, is hereby authorized, when its present bonded indebtedness becomes due and payable, to fund the same, or any part thereof, by the issue and sale of new bonds of the denomination of one hundred dollars, or multiples thereof, payable in twenty years from the date of their issue, with the right reserved to pay same at any time after ten years from date. Said new bonds to bear interest at a rate of not exceeding five per centum per annum, payable annually. -rate of interest. at par. No increase of 2. Nothing in this act shall authorize any increase bond debt. of the bonded indebtedness of said corporation; nor -bonds sold shall said new bonds be sold or disposed of for less than par, or the proceeds thereof be used for or apused only, for plied to any other purpose than the payment and redemption of the present outstanding bonds of said corporation. -proceeds what pur poses. (Senate Bill No. 126.) CHAPTER 119. AN ACT conferring additional authority on the Coun cil of the City of Grafton, Taylor County, in relation to funding the bonded indebtedness of said City and to increase its bonded indebtedness. [Passed February 11, 1901. In effect from passage. Approved February 18, 1901.] Be it enacted by the Legislature of West Virginia: ton; council bonds; when payable 1. That the council of the city of Grafton, Taylor City of Graicounty, shall have authority to issue bonds of said of authorized city not to exceed the sum of one hundred thousand to issue dollars, payable in not less than ten years and not amount; to exceed thirty-four years from their date, but re- or redeemadeemable at the pleasure of said city, at any time ble, rate of inafter ten years from their date; which said bonds, or so many thereof as may be issued, shall bear interest at the rate of four per centum per annum, payable semi-annually. terest, etc. purposes such 2. The council of said city shall have authority to For what appropriate a sufficient number of bonds issued by bonds may be said council that may be necessary to fund so much used. and such parts of the present bonded indebtedness of said city as remains unpaid, and the proceeds arising from the sale of the residue of the issue shall be applied to the general improvement of the streets, alleys, sewerage and the general improvement of said city of Grafton. order of 3. The council of the said city shall annually levy Annual levy a sum not to exceed fifty-five cents on the one hundred to pay bonds; dollars valuation of the taxable property in the said city of Grafton, which said sum shall thereupon be applied to the payment of said bonds by said council, beginning at the lowest number of bonds, and the bonds so paid together with the coupons thereto attached, or belonging, shall thereupon be cancelled and annulled by the council, and a proper record of said cancellation shall be kept, giving the number, date and amount of each bond and coupon so cancelled and annulled. payment. cancellation and record. 4. No bonds shall be issued by the said city of Voters, to auGrafton, under and by virtue of the authority given thorize issue. |