Catoctin clarion., 1896-03-26
Public Local Law.
CHAPTER III

An act to authorize and empower the Com.
missioners of Thurmunt To borrow money
necessary to pay mortgage on the Town
Hall property, not exceeding the sum OF
fifteen hundred dollars, and to issue bonds
therefor.
SECTION 1. Be 1t enacted By tho General
Assemb Of Maryland that the Commissioners
of Thurmont I've and they are hereby author
lied and empowered to issue bonds in the
name of sa d Commissioners of Thurmont to
an amount not exceeding fifteen hundred
dollars in the aggregate, in sums of not less
than one hundred dollars each, said Bonds
to be scaled with the seal of said Corporation
signed by the President Of SAID Board of
Commissioners and countersigned by the
Secretary thereof; said Bonds to bear interest,
July and January of each and every year, at
Il rate of interest not exceeding five per
centum per annum, for which interest proper
coupons shall be attached to said Bonds,
signed and countersigned as aforesaid.
SECTION 2. And be 1t enacted That said
Bonds shall be issued payable twenty years
from the date thereof aud redremabe at any
time after the expiration of ten years from
date, at the pleasure of said Commissioners
of Thurmoni and shall be exempt from Coun.
ty and municipal taxation
SECTION 3. and be it enacted, That the
Commissioners of Thurmont shall apply the
proceeds from the sale of said Bonds TO the
liquidation of Il mortgage resting upon the
Town Hall and Hose House of Thurmont
SECTION 4. And be it enacted, That the
Commissioners Of Thurmont shall provide
annually out ofthe usual tax levy, an amount
sufficient to pay the interest on said Bonds,
and they shall set apart the further sum OF
fifty dollars annually to be invested in such
securities as they may select, to create a
sinking fund for the redemption Of said Bonds
SECTION s. And be ii enacted, That the
said Bonds shall be sold by the Commission
value for cash, after giving at least three
week 5 notice by advertisement in one or
more newspapers printed nFredcrckC County
SECTION g. And be it enacted That, at Il
municipal election to be held in Thurmont
at such time and place as may be fixed by an
Ordinance of said Commissioners of Thur
mont, the qualified voters of Thurmont shall
determine by ballot whether the Bonds here,
iubeiore provided for shall be issued or not,
at which said election there may he written
or printed on the ballots of said voters the
words For issue of Bonds" or Against
Issue of Bonds" and if a majority of the
ballots cast shall contain the words For
Issue of Bonds" then this Act shall become
operative and binding, but if Il majority Of
said ballots shall contain the words "A ganst
Issue of Bonds" then this Act shall be void
and of no effect, and the Judge of said mun
cipal election shall return to the President of
the Board of Commissioners of ThurmOnt
the number of ballots cast For issue of
Bonds" and Against issue of Bonds,' re-
spectiyely, and the said President shall
announce the result thereof.
SECTION Z and be 1t enacted, That this
Act shall take effect from the date of it's
passage.
Approved February 18th, 1896.
Lloyd Lowndes,
Governor.
William Cabell Bruce,
President of the Senate.
Sydney E Mudd,
Speaker of the House of Dele gates
Office of the Chief Clerk of the House of
Delegates.
hereby certify that the aforegoing is
true copy of an Act of the General Assembly
of Maryland passed at the January Session
1896.
M M. Higgins,
Chief Clerk of tie House of Delegates.
mch124t
(IIAN1.n EVERY SMOK ES
IMAM ~. To send two-cent stamps to help
" pay postage, packing, &c, and we will mail
- sample box of our
n.NicOtine Midget Cigars.
Only one box to one address.
Il n.