The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1894-05-05
OFFICE OF THE CHIEF CLERK,
DUBLIc LOCAL LAWS.
CHAPTER 6lo.


and common council of Manchester, Car
roll county, Maryland, to Issue the bonds
of said mayor and common council Of
Manchester to an amount not exceeding
the sum of fifteen thousand dollars, and to
provide for the payment of the principal
and interest of said bonds and 10 use said
bonds or the proceeds thereof, to such an
amount as may be necessary to aid in the
construction of a railroad from the town OF
Manchester, in Carroll county, to point at
or near Maple Grove, on the line of the
Baltimore and Harrisburg Railway Com
pany.
SEC. l. Be it enacted By the General as
sembly of Maryland, That the mayor and
common council, of Manchester, Carroll
county, be and they are hereby authorized
and empowered TO issue the bonds of said
mayor and common council to an amount
not exceeding fifteen Thousand dollars and to
use said bonds or the proceeds thereof to
construct or aid in the construction OF rail-
road from said town OF Manchester to a
point at or near Maple Grove, on the line OF
the Baltimore and Harrisburg Railway Com
pany, said bonds to be of such denominations,
and the principal thereof to be payable at
such time notexceeding twenty years from
the date of said bonds, as the said mayor and
common council of Manchester may deter
mine, and to bear interest at rate not ex-
ceeding five per cent per annum, payable an,
nually or semi. annually, as said mayor and
common council, of Manchester may deter
mine, nor shall any of said bonds be sold at
less than the the par value thereof.
SEC. 3 Ind be ii further enacted, That
upon the incorporation, under the laws ofthi:
state, of a company for the purpose OF con-
structing said railroad from Manchester to 9
point at or near Maple Grove, on the line OF
the Baltimore and Harrisburg Railway Com.
pany, sale company so being incorporated
having capital stock of not less than twenty
thousand dollars, the said mayor and common
council of Manchester may appropriate said
bonds or the proceeds thereof to an amount
not exceeding fifteen thousand dollars, to con
struct or aid in the construction of aid railroad
and may agree with said railroad company as tc
the terms upon which said bonds or the pro-
ceeds thereof shall be so used, and for the IN
demmity of said mayor and common council O
Manchester for and on account of the amount
of bonds or of the proceeds thereof, and o
interest on the same, that may be used in the
construction of said railroad, and take from
said railrad company any security for sucf
indemnity that may be accepted by said mayor
and common council of Manchester pro
vided, however, that no action whatever shall
be taken by said mayor and common council
to carry out the provisions of this act unit
the stockholders of the company incorporated
or which may be incorporated under the law
of this State for the purpose of constructing
said railroad shall have subscribed and paic
into the treasury of said company, in goo'
faith, the sum of fifteen thousand dollars
fore said purpose.
SEC. 3. And be IL further enacted, Tha
for the purpose of paying the interest on SAT-
bonds as it may become due, and to provide
sinking fund for the redemption of saiC
bonds at maturity the said mayor and common
council of Manchester shall levy on all the
property of the town of Manchester, real ant
personal, which is subject to taxation by sait
mayor and common council, such tax as ma.
be necessary to pay the interest on said bond
from time TO time, as the same shall become
due, and to provide for an adequate sinking
fund for the redemption of said bonds
maturity.
SEC. 4. And be it further enacted, Tha
in levying the tax hereby authorized, no prop
erty in the town of Manchester shall be subjec
to said tax that is now exempted by law from
taxation in said town for State or municipa
purposes, nor shall the total amount of taxa
ton in each year for municipal purposes
including the tax hereby authorized, in sal
town of Manchester, exceed the rate of on
hundred cents on every one hundred dollar
of the assessed valae of all property liable t
taxation by said mayor and common council
of Manchester.
SEC. 5. And be it further enacted, Tina
for the purpose of levying the tax hereb
authorized, the valuation of all property sub
iect to said tax shall be the same as til
valuation ofthe same property for the purpose
of levying other taxes imposed or to be i'm
pored by the mayor and common council Q
Manchester.
SEC. 6. And be it further enacted, Tha
at any municipal election to be held in Man
chester at such time and place as may be ike
by an ordinance of the mayor and commo
council of Manchester, or at any specia
election that may be called by the mayor an
| common council there may be written o
printed on the ballots of the legally qualIhe
voters at said election the words, For Rai
road Bonds" or against Railroad Ronds,
| and if two.thirds of the ballots cast sha
contain the woods, "For Railroad Bonds,
then this act shall become operative an
binding, otherwise it shall be void and of n
effect, and the Judges of said election sha
return TO the mayor and common council
Manchester the number of votes cast "Fo
Railroad Bonds and against Railroa
Bonds" respectively, and said mayor an
common council of Manchester shall by thei
proclamation announce the result thereof.
SEC. I. And be it further enacted, Tha
all of the taxes hereby authorized shall be
come due when other taxes levied by sal
Mayor and Common Council of Mancheste
become due, and if not paid when due, inter
est shall be charged thereon until paid an
the payment thereof shall be enforced in tn
same way that payment of the taxes levied b
said Mayor and Common Council of Manches
ter are authorized to be enforced.
SEC. 8. And be ii further enacted, Tha
this Act shall take effect from the date of it
passage.
Approved, April 6, 1894.
FRANK BROWN,
Governor.
JOHN WALTER SMITH,
President of the Senate.