The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1865-02-24

uary and July in each year, and redeemahle
in not less than ten nor more than fifteen
years, at the pleasure of the State, in the
name and on behalf of the State of Ma
ryland, to an amount not exceeding Four
millions Of dollars, or so much thereof as
may be necessary, and the proceeds of
such bonds or certificates so issued shall
be passed to the credit of said Defence
Loan, and the same is hereby appropriated
for the purpose Of paying all liabilities to
be incurred under the provisions of this
Act, and the Treasurer of the State is here.
by authorized, under tlre direction of the
Governor, to invest in the bonds to be is.
sued as aforesaid, one million of dollars of
the ipterest of the sinking fund or any
other fund in the Treasury not otherwise
appropriated, that all payment made by
or on account of the purchasers of the
bonds or certificates of debt issued under
the provisions OF this bill, shall be made
to the Treasurer on the warrant of the
Comptroller, and all certificates of debt or
bonds so issued shall be signed by the
Treasurer and couutersigned by the Comp
troller.
SEC. 5. And be At enacted, That the spe-
clal tax Of ten cents ON the hundred dol
lars authorized by the fifth section of the
Act of January Session, eighteen hundred
aud sixty-four, chapter fifteen, shall con-
tlnue to be levied as therein provided, to
meet the interest and create sinking
fund for the redemption of the bonds or
certificates Of debts herein directed to be
issued, and the tax shall be annually lev
led, collected and paid over to the State
Treasury, until the debt created By this
Act, and by the said Act of eighteen hun.
dred and sixty-four, shall have been paid,
and separate and distinct account shall
be kept thereof, and the proceeds thereof
are hereby pledged to the payment of the
principal and interest Of the said bonds or
certificates issued under this Act, or said
Act of eighteen hundred and sixty-four.
Sec. 6. Ind be ii enacted, That no
further certificates of Indebtedness under
the Act of eighteen hundred and sixty
four, chapter fifteen, shall be issued, and
whatever bounties or arrearages of boun-
ties still remain to be paid, under the pro-
visions of that Act, shall be paid out of
the proceeds Of the loan hereby author
lied.
SEC. 7. And be 1t enacted, That the
Mayor and City Council of Baltimore and
the County Commissioners of the several
counties be and they are hereby authorized
to raise by loan or otherwise such sum or
sums as may be necessary to pay each vol
unteer.or drafted man, or person furnishing
a representative substitute, or his author
lied agent or attorney, the sum of two hun
bred dollars in addition to the State boun-
ty as provided for in the previous sections
of this Act, for the purpose of filling the
quotas of the several counties and the City
of Baltimore, under the call of the Presi-
dent of the United States for three hun
dred thousand men, dated December,
eighteen hundred and sixty four, or any
other similar enc which shall hereafter be
made.
SEC 8. And be 1t enacted, That the
Mayor and City Council of Baltimore and
the County Commissioners, of the several
counties aforesaid, are hereby prohibited
from levying or paying any larger sum
than is hereinbefore provided for in the
sixth section of this Act
Sec. 8. and be At enacted, That this
Act shall take effect from the day of its
passage.