The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1900-05-05
DUBLIC LOCAL LAW.
Bonds of the City of Westminster
CHAPTER sss.

CHAPTER 1913.
AN ACT TO EMPOWER THE MAYOR
AND COMMON COUNCIL OF WEST
MINISTER, IN CARROLL COUNTY.
TO CALL IN THE BONDS OF THE
CITY OF WESTMINSTER ISSUED BY
AUTHORITY OF SECTIONS 24S. 24g,
$50 AND PSI OF ARTICLE SEVEN OF
OF THE STATE OF MARYLAND, AND
TO RAISE MONEY THEREFOR BY
ISSUING OTHER BONDS OF SAID
CITY.
Section l. Be it enacted by the General
Assembly of Maryland, That the Mayor and
Common Council of Westminster, be and they
are hereby authorized and empowered at such
times and in such manner rs they may deem
best to call in and reedem the bonds OF The
said City of Westminster, issued in pursuance
of Sections 248, 249, $50 and 25l of Article
seven of the Code Of Public Local Laws OF
Maryland, and redeemable July LIST, 1900
Section 2. And be it enacted, That the said
Mayor and Common Council be and they are
hereby authorized and empowered at such time
and in such manner rs they deem best to issue
bonds equal to the amount OF bonds so called
in not exceeding in amount tweniy-thre
thousand dollars, the bonds SO issned to be
signed by the Mayor and countersigned by the
Clerk of said Common Council of Westmin-
ster, and to bear interest at a rate moi exceed
four per centum per annum, payable SEMI
annually on the first day of January and The
first day of July, in each and every year,
until said bonds are paid off, and said bonds
shall not be disposed of at less than the par
value thereof. and the same shall he exempt
from county and municipal taxation.
Section 8. And be it enacted, That the
said Mayor and Common Council Of West
minister, shall fix the period OF sand bonds and
the denomination thereof; provided that none
of said bonds shall mature at period OF not
later than twenty years after issue, and they
shall be issued in denominations of not less
than five hundred dollars nor more than one
thousand dollars each, and the said Mayor
and Common Council of Westminster, if they
deem il advisable, may reserve the right to
redeem portion or all of said bonds before
maturity.
Section 4. And be it enacted, That the
said Mayor and Common Council of West
minister shall cause to be kept aud preserved
careful register of the bonds so called in,
which they are hereby directed TO cancel i'm
mediately; and careful register of the bonds
issued under this Act, specifying the number
of each bond, its denomination, IFS date OF
issue. the date of its maturity and the person
to whom it is issued.
Section g. And be it enacted, That the
said Mayor and Common Council of West
minister are hereby authorized, empowered
and required in each and every year TO levy
and collect special tax not exceeding ten
cents on every one hundred dollars worth of
the taxable property, of all kinds and de-
scription, liable to assessment and taxation
within the corporation limits of the City of
Westminster, TO pay the interest on the out
standing bounds by them issued under the
provisions of this act, as the same shall fall
due, and to gradually redeem and retire such
bonds until they shall have all been redeemed
and retired; that the proceeds of such tax shall
be paid to the Mayor and Common Council.
and forthwith by them applied TO the redemp
ton of said bonds, when and as soon US they
shall become redeemable; and the said taxes
are inyiolably pledged TO the payment of the
interest and principal of said bonds.
Section g. And be it enacted, That this
act shall take effect from the date of lis pas
sage.
Approved. April It'll, 1900.
JOHN WALTER SMITH,
Governor.
JOHN HUBNER,
President of the Senate.
LLOYD WILKINSON,
Speaker of the House of Delegates.
Office of the Chief Clerk 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,
1900. b. l.. SMITH,
Chief Clerk of the House of Delegates.
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