Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1892-06-24
PUBLIC LOCAL LAWS,


vi Az FIN 4@J.
AN ACT to authorize the County Com
missioncrs ofCharles county 10 issrc
bonds bearing interest at the rate Of
interest not exceeding five per cent per
annum, TO raise money to pay of the
portion of bonded Indebtedness Of said
county accrning under the Act Of AS
sembly Of eighteen hundred and eigh-
ty.two, chapter 454, and to levy and
collect the necessary taxes for the paw
ment of said bonds and the interest
thereon.
Sec. l. BE Il enacted by the General
Assembly Of Mary land, That the County
Commissioners of Charles county are
iereby authorized to issue bends in sums
not less than one hundred dollars nor
more than one thousand dollars, each to
be signed by the President Of the said
Board of County Commissioners and
count ,rsigne by the Clerk said Board,
not to exceed in the aggregate FIVE thou
sand dollars and bearing a rate Of in
terest not exceeding FIVE per cent per an
mum. said bonds hereby authorized to De
issued to bear interest payable seml-an-
nually on the LIST day Of April AMI Octo-
Der, in each and every year, at a rate of
interest not exceeding Ave per cent per
annum. according 10 the tenor of the cou-
pons for said interest to be thereto at
tached and the said coupons on said bonds
shall as they become payable be receiva-
bic by the collector of said taxes for said
county in payment Of county taxes.
Sec. .. Aud be it further enacted,
That said bonds shall be issued. payable
ten years from the date thereof, and re-
deemable at any time after the expiration
Of one year from date at the pleasure of
said County Commissioners.
Sec g. Aud be it further enacted,
That the said County Commissioners are
hereby authorized and required to sell
said bonds to the best advantage at pub
lie sale at such time and upon such no.
tiee as they may deem expedient, pro-
vided, however, that they shall not sell
any Of the bonds authorized to be issued
under this act for less than par or the
face value thereof for cash in current
money.
Sec. T. And be it further enacted
That the money raised by the issue and
sale of said bonds under the provisions
Of this act, shall be exclusively appropri-
ated and applied to the payment of the
bonded Indebtedness of said county, ac.
cruing under and by virtue of the Act Of
Assembly of eighteen hundred and eigh-
ty-two, being an Act to authorize the
County Commissioners Of said county tC
borrow money to pay arrearages for ex-
i penses incurred by the attendance, &c.
at the circuit Court of Charles county,
&C., which will become due ind demand
able in April, eighteen hundred and
nine two.
Sec. 8 And be it further enacted
That the County Commissioners shall in
each and every year levy apon the u.s.
sessabe property in Charles county sucl
a sum of money as may be necessary tC
pay the interest on the outstanding bonds
as therein issued in pursuance of this act
as shall fall due, and also such further
and additional sums as may be rcqulred
to gradually retire and reduce such bond:
until they shall have been reduced, md
said taxes. authorized by this act, shall
be collected as other taxes are collected
in said county.
Sec. 6 And be it enacted, That this
act shall take effect from the date u ia
passage.
Approved April 18th, 1899.
FRANK BROWN. Governor.
MURRAY VANDIYER,
Speaker of the House of Delegates.
EDWARD LLOYD,
President of she Senate
| hereby certify that the foregoing is
a true copy of an Act of the General
Assembly of Maryland passed January
Sc ;son, 1892
CARLTON SHAFER,
Chief Clerk of the House of Delegates.