The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-06-05
p rp1lc LOCAL Laws.
PUBLISHED BY AUTHORITY.
CHAPTER AL.

AN ACT authorizing the Tow0 of Laurel
to issue refunding bonds in place of the
bonds authorized by Sections 246 L and
gag NJ of Article II of the Code of Local
Laws of Maryland entitled prince
Georges County" sub title Laurel"
providing for the Improvement and re-
pair of the streets of Laurel, Maryland,
and authorizing the issuance of bonds
for that purpose.
SECTION L. Be it enacted by the Gen
eral Assembly of the State of Maryland,
That before the maturity of any of the
bonds authorized to be issued by Sections
GAG l. and 246 NJ of Article II of the Code
of Local Laws of Maryland, entitled
prince Georges County, sub title "Lau- .
rel" providing for the improvement and
repair of the streets of Laurel, Maryland,
and authorizing the issuance of bonds for
that purpose, and whenever the Mayor and
City Council of Laurel deem it for the best
interests of said Town they shall have the
power to issue the bonds of said Town so
as to change, but not to increase the amount
of bonds authorized in Sections 246 L and
246 Nj, such bonds to be entitled Refund
ing Bonds and to state on their face what
bonds are being refunded by them. In no
event, however, shall said refunding bonds
be PAYABLE at date later than twenty
years from the date of the first bond is
sued under the authority of said sections
246 l. and 246 NJ, and in no event shall the
rate of interest on said refunding bonds
exceed five per centum per ahnum, pay
able at such time and at such place as shall
seem most advantageous for said Town.
In case said refundihg bonds are issued,
the fund provided for by section 246 L for
the payment of the bonds in said section
authorized to be issued, shall be kept in
nd ba iaI tn ha mt nfc
refunding bonds. principal and interest,
pro tanto, and the balance necessary to
pay all of said refunding bonds, principal
| and interest. shall be payable in the man
| ner as provided for in Section 246 K of
| said Article II, of the Code of Local Laws
of MARYLAND. Whenever such refunding
bonds are issued, the Mayor and City
Council of Laurel shall have the right to
exchange said bonds for like amount of
bonds heretofore issued under said Sec
tions 246 L and 246 NJ, and the bonds re-
funded shall then he destroyed and can
celled in the presence of the City Council
and SO certified ON the records of said
town. Said refunding bonds shall be sign
| ed by the Mayor, cOuntersi gned by the
Treasurer and attested by the Clerk of said
Town of Laurel, with the corporate seal
of said Town attached; and provided fur
ther, that the refunding bonds issued here
under shall only be issued to take up said
bonds heretofore issued and the debt shall
not hereby be increased.
SECTION 2. And it shall be enacted,
That this Act shall take effect from the
date of its passage
| Approved April 4th, 1896.
LLOYD LOWNDES, Governor.
WILLIAM CABELL BRUCE,
President of the Senate.
SYDNEY E. MUDD.
Speaker of the House of Delegates.
| OFFICE OF THE CHEF CLERK
OF THE HOUSE OF DELEGATES
| hereby certify that the aforegoing is
true copy of an Act of the General Assem-
bly, of Maryland, passed at the January
Session, 1896.
NJ NJ HIGGINS,
| Chief Clerk of the House of Delegates.
iNHOMAS Fl. LATIMER,
COUNTY SURVEYOR,
| EVANSVILLE, MD.
| Will give prompt attention to all busi-
ness entrusted to his care, and sOlicits a
share of public patronage.
n5S@Sub- divisions a SDecial4V