The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-04-25

AN ACT To AUTHORIZE THE MAYOR
Am C0UNCIL OF Mt. AIRY, IN
CARROLL AND FREDERICK C0UN,
TIES TO ISSUE BONDS FOR THE
PITRPOSE OF IMPROVING The
STREETS OF THE TOWN OF MI.
AIRY. IN SAID COUNTIES.
Section l. Be it enacted by the General
Assembly of MARYLAND, That the Mayor and
Council of Mt. Airy be and they are hereby
authorized and empowered to issue bonds IN
the name of the said municipal Corporation to
an amount not exceeding the sum OF four
thousand dollars, in denominations OF one
hundred dollars each, and each of said bonds
shall be payable twenty years after date to
bearer redeemable, however, at the pleasure
of said Mavor and Council of Mt. Airy at any
time after the expiration of five years from
their respective dates, and shall bear interest
in the meantime at the rate OF tive per centum
per annum, payable semi-annually, according
TO the tenor of the coupons for said interest
to be attached to said bonds, which said bonds
shall be sealed with the corporate seal of said
municipal corporation, and together with said
coupons shall be signed by the Mayor and
countersigned by the Clerk or register of said
town, provided, however, that said bonds
shall not be sold for less than par or the face
value thereof in cash current money.
SEC. =. And be it enacted, That the pro-
ceeds of the sale of the bonds hereby author
lied to be issued shall be applied to grading,
piking, macadamizing or otherwise improving
the streets of said town of Mt. Airy as the
Mayor and Council thereof shall determine.
SEC. $. And be it enacted, That the said
Mayor and Council of Mt. Airy shall have
power and authority and are hereby required,
to levy all necessary taxes upon the property
within the taxable limits of said corporation,
for the payment of the interest on the bonds
hereby authorized to be issued, as well as for
the payment of the said bonds at maturity,
and shall create sinking fund for that pur-
pose and levy the necessary taxes therefor.
SEC. T. And be it enacted, That as soon
after the passage of this act as practicable
the Mayor and Council of Mt. Airy shall cause
special election to be held in Mt. Airy at
such time and place as may be fixed by an or
dinance for that purpose, and shall appoint
three Judges of election, who shall conduct
the same in the manner prescribed by said
ordinance after giving at least ten days pre-
vious notice thereof, posted in five or more
public places in said town, at which said
special election the qualified voters of Mt
Airy shall determine by ballot whether the
bonds herein before provided for shall be is
sued or not; and at which said election there
snail be written or printed on the ballots OF
said voters the words 'for issue of bonds, or
against issue of bonds" and if majority of
the ballots cast shall contain the words ''for
issue of bonds then this act shall become
operative and binding, but if majority of
said ballots shall contain the words against
the issue Of bonds, then this act shall be
void and of no effect, and the judges of said
municipal election, or a majority of them,
shall return to the Mayor of said town the
number of ballots cast ''for issue of bonds"
and against issue of bonds,'' respectively,
and the said Mayor shall announce the result
thereof.
SEC. 5. And be it enacted, That this act
shall take effect from the date of its passage
Approved, March 23rd, 1896.
LLOYD L0WNDES,
Governor.
WILLIAM CABELL BRUCE,
President of the Senate.
SIDNEY Z. MUDD,
Speaker of the House of Delegates.
Office of the Chief Clerk of the House of
Delegates.
| hereby certify that the aforegoing is a
true copy of an Act of the General Assembly
of Maryland, passed at the January Session,
1896.
NJ. NJ. HIGGINS,
Chief Clerk of the House of Delegates
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