The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1892-04-16
CHAPTER 635.

CHAPTER 635.
AN ACT to authorize the Mayor and Com
mon Council of the City of Westminster to
issue its bonds or certificates of indebted
edness to an amount not exceeding fifteen
thousand dollars, for the purpose OF pro-
viding means for the grading, paving or ma.
cadamizing the streets in the City Of West
minister and construction of sewers.
SECTION l. Be it enacted by the General
Assembly of Maryland, That the Mayor and
Common Council of Westminster be, and they
are hereby authorized and empowered to issue
bonds, in the name of the Mayor and Com
mon Council of Westminster, in sums not less
than one hundred dollars nor more than one
thousand dollars, to be signed by the Mayor
and eountersigned by the Clerk of said Com
mon Council of Westminster, not exceeding
in the whole the sum of fifteen thousand dol
lars, bearing interest not exceeding five per
centum per annum, payable semi annually,
on the first day of January and on the first
day of July in each and every year, and said
bonds shall not be disposed of at less than the
par value thereof, and tie same shall be ex-
empt from county and municipal taxation.
SECTION 2. And he it enacted, That the
said bonds shall be issued payable thirty years
from the date thereof and redeemahle at any
time after the expiration of twenty years from
the date thereof, at the pleasure of the Mayor
and Common Council of Westminster, and
the said bonds shall be consecutively num-
bered as the same shall be issued.
SECTION 8. And be it enacted, That the
said sum of fifteen thousand dollars, or so
much thereof as may be necessary for this
purpose, shall be, by the said Mayor and
Common Council, used and applied exclu-
sively to the payment of the cost and expenses
of paving, grading or macadamizing, and in
construction of sewers in such street or streets
in said City of Westminster as the said Mayor
and Common Council may order and direct
SECTION 4. And be it enacted, That the said
Mayor and Common Council be, and they are
hereby authorized and required, in each and
every year, to levy and collect a special tax,
not exceeding six cents on every one hun
bred dollars worth of the taxable property, of
all kinds and description liable to assessment
and taxation within the corporate limits of
the City of Westminster, to pay the inter
est on the outstanding bonds, by them issued
under the provisions of this act, as the same
shall fall due, and to gradually redeem and
retire such bonus until they shall all have
been redeemed and retired; and the proceeds
of such taxes shall be paid to the said Mayor
and Common Council and forthwith by them
applied to the redemption of said bonds,
when and as soon as they. shall become re-
deemable, and the said taxes are hereby in
violably held to be applied to the payment of
the interest and principal of said bonds.
| SECTION 8. And be it enacted, That this
act shall take effect from the date of its pas
| sage.
Approved April It'll, 1892.
FRANK BROWN, Governor.
MURRAY VANDIVER,
Speaker of the House of Delegates.
EDWARD LLOYD,
President of the Senate.
hereby certify that the foregoing is true
copy of an Act of the General Assembly of