The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1894-04-21
LOCAL LAWS.
CHAPTER e1o.


and common council of Manchester, Car
roll comfy, 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
Baltinore and Harrisburg Railway Com
pany.
SEC. /. Be it enacted By the General As
semJly 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 thoussnd dollars and to
use said bonds or the proceeds thereof to
construct or aid in the construction OF a rail
road from said town of Manchester to n
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 notexeeeding twenty years from
the date Of said bonds, as the said mayor and
common counci of Manchester may deter
mine, and to bear interest at rate not ex-
ceeding five per cent per annum, payable an
nualy or semiannualy, 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. 2. 4Rd be 1t further enacted, That
upon the incorporation, under the laws ofthis
state, of company for the purpose of con-
structing said railroad from Manchester to
point at or near Maple Grove, on the line of
the Baltimore and Harrisburg Railway Com
pany, sale company so being incorporated
having a 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 ofaid railroad,
and may agree with said railroad company as to
the terms upon which said bonds or the pro-
eeeds thereof shall be so used, and for the in
demmity of said mayor and common council of
Manchester for and on account Of the amount
of bonds or of the proceeds thereof and of
interest on the same, that may be used in the
construction of said railroad, and take from
said railrad company any security for such
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 until
the stockholders of the company incorporated
or which may be incorporated under the laws
of this State for the purpose of constructing
said railroad shall have subscribed and paid
into the treasury of said company, in good
faith, the sum of fifteen thousand dollars
fore said purpose.
Sec 8. And be it further enacted, That
for the purpose ofpaying the interest on said
bonds as it may become due, and oprovide
a sinking fund for the redemption of said
bonds at maturity, the said mayor and common
council of Manchester shall levy on all the
property of the town of Manchester, real and
personal, which is subject to taxation by said
mayor and common council, such tax as may
be necessary to pay the interest on said bonds
from time TO time, as the same shall become
due, and to provide for an adequate sinking
fund for the redemption of said bonds at
maturity.
SEC. 4. And be it further enacted, Tha.
in levying the tax hereby authorized, no prop
eriy in the town of Manchester shall be subject
to said tax that is now exempted by law from
taxation in said town for State or municipal
purposes, nor shall the total amount OF taxa
ton in each year for municipal purposes,
including the tax hereby authorized, in said
town of Manchester, exceed the rate OF one
hundred cents on every one hundred dollars
of the assessed value of all property liable to
taxation by said mayor and common council
of Manchester.
SEC. 5. And be ii further enacted, That
for the purpose of levying the tax hereby
authorized, the valuation of all property sub.
iect to said tax shall be the same as the
valuation ofthe same property for the purpose
of levying other taxes imposed or to be i'm
pored by the mayor and common council of
Manchester.
SEC. 6. And be it further enacted, That
at any municipal election to be held in Man
chester at such time and place as may be fixed
by an ordinance of the mayor and common
council of Manchester, or at any special
election that may be called by the mayor and
common council, there may be written or
printed on the ballots Of the legally qualified
voters at said election the words, "For Rail.
road Bonds or "Against Railroad Ronds,"
and if two.thirds of the ballots cast shall
contain the woods, "For Railroad Bonds
then this act shall become operative and
binding, otherwise it shall be void and of no
effect, and the Judges of said election shall
return to the mayor and common council Of
Manchester the number of votes east ''For
Railroad Bonds and against Railroad
Bonds" respectively, and said mayor and
common council of Manchester shall by their
pr0clamauOn announce tne result tnereOI.
Sec. I. And be ii further enacted, That
all of the taxes hereby authorized shall be.
come due when other taxes levied by said
Mayor and Common Council of Manchester
become due, and if not paid when due, inter.
est shall be charged thereon until paid and
the payment thereof shall be enforced in the
same way that payment of the taxes levied by
said Mayor and Common Council of Manches-
ter are authorized to be enforced.
SEC. 8. And be ii further enacted, That
this Act shall take effect from the date of its
passage.
Approved, April 6, 1894.
FRANK BROWN,
Governor.
JOHN WALTER SMITH,
President of the Senate.
JAMES II. PRESTON,
Speaker of the House of Delegates.