The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1900-05-05
LOCAL LAW.
Bonds of the City of Westminster
CHAPTER S3s.

CHAPTER 33s.
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. 249.
$50 AND PSI OF ARTICLE SEVEN OF
THE CODE OFPUBLIC LOCAL LAWS
OF THE STATE OF MARYLAND, AND
TO RAISE MONEY THEREFOR By
ISSUING OTHER BONDS OF SAID
CITY.
Section /. Be it enacted by the General
Assembly of Maryland, That the Mayor and
Common Council of Westminster. be aud they
are hereby authorized aud empowered at Such
times and in such manner rs they may deem
best 10 call IN and REDEEM the bonds OF lhe
said City of Westminster, issued III pursuance
of Sections 24S, 249, $50 and pol OF Article
seven of the Code of Public Local Laws OF
Maryland and redeemable July lst- 1900.
Section = And be 1t enacted, hat the SAID
Mayor and Common Council be and they are
hereby authorized and empowered at such time
and In such manner as they deem best to issue
bonds equal to the amount of bonds so called
IN not exceeding IN amount twenty three
thousand dollars. the bonds So issued 10 DC
signed by the Mayor and counicrSgned 10y The
Clerk of said Common Council Ut NeStmin-
Sier. and To bear interest at rate not exceed
four per centum per Hnnum. payahi' semi
annually on the tirSi DAY Of January aud the
first day Of July. IN each and every wear
until said bonds are paid of. aud sad bonds
shall not be disposed oi at less than the par
value thereof. and the same shall he exempt
from county ani municipal taxation.
Section 8 Aud be 1t enacted, That the
E,,vv,.r f'auuf1I Ei West
minister. shall Tx the period OF said bonds and
the denomination thereof provided that none
Of said bonds shall mature at "A period OF not
later than twenty years after issue, aud lhsE
shall be issued IN denominations ~ not less
than five hundred dollars nor more than one
thousand dollars each, and the sand Mayor
and Commuf Council Of Westminster. II iheF
deem i, advisable. NAV reserve the right io
redeem a portion or an at said bonds before
maturity.
Section 4 And be 1t enacted, That the
said MAYOR aud Common Council p' Wet
minister shall cause 10 be kent aud preserved
a careful register Of the bond, 80 called va.
which thew are hereby directed 90 cancel lm.
,nndiafelv; and careful register af the bond,
issued under this Act, specifying the number
Of each boud. IT, denomination, Ii> date "t
issue. the date ct ii> matHrsiy a"d ih~ Pcrs""
20 Whom Il Is issued.
Section . And be- Il enacted. That the
SAID Msyor and Common Council Of "eSi.
minister are hereby su,huused. empowered
and required So each and every wear 60 lew
aad collect special tax not exceeding TEN
cruts on every one hundred dollar worth ct
thu taxable properly. of al KINDS an" ic.
seriptian. liable "a as.s.,s ment and iaNa'i''h
within the corporation lmits Of th" tfiy Of
Westminster. 10 paw the interest as 'b' "st.
standing hsanis b. ihem t>saci under ihe
pravtsioas OF tbs art. a. the SAME shall fail
due, aud 10 gradually redeem and frils- ,arh
bonds until ,hey shall have AZ hsrn rrricrsnri
and retired. tina, the proceed, u suyh TAX shall
H. paid 20 The Mayor aod Common Council.
and fssth~i,b BY lhesn applied 'o the r'siernp
iioa Of said boni- wheu and a. .ssnn =. ihey
.haN become redrcraabie and ia" ssEi taNrs
Ar, inrioiahIy pledged o. The pasmsfi rl The
in,rr,,t aud principal at saai hand.
S..ct,on L Aud be- Il enacted, That ihss
act .hAH take effect iEum th~ date 1T H' tse
sage
Approved. April eth, ls-'
JOHN WALTER SMITH.