The citizen. (Frederick City, Md.) 1895-1923, 1902-05-16
PUBLIC LOCAL LAWS.
CHAPTER "a.

FREDERICK county, to call IN and re-
deem the bonds issued by said munic-
ipal corporation by authority of an
Act of the General Assembly of Mary
land, passed at the January Session.
1892, Chapter I2S. and by an Act
passed at the January Session, 1894,
Chapter 81, and to raise money there
for by issuing other bonds of said mu-
nicipal corporation
Section /. BE it enacted by the Cen
eral Assembly of Maryland. that the
Burgess and Commissioners of Middle
town, Frederick County, be and they
are hereby authorized and empowered,
at such times and in such manner as
they may deem best, on and after the
first day of April, in the year nineteen
hundred and three, to call in and redeem
the bonds issued by said municipal cor
poration in pursuance of an Act of the
General Assembly, passed at the Ianu-
AIRY Session. eighteen hundred and
ninety-two, Chapter IS, the amount of
said bonds issued in pursuance of the
aforesaid Act being eleven thousand
dollars, and which are redeemable at
the pleasure of said Burgess and Com
missioners in accordance with the condi-
tons of said bonds on and after said
date, April l, 1905.
Section ,. And be it enacted, That
the said Burgess and Commissioners of
Nliddletown be and they are hereby au-
thori1ed to issue coupon bonds in the
name of said municipal corporation to
an amount not exceeding ten thousand
dollars, which said bonds shall be signed
by the Burgess and countersigned by
the Register of the town of Middletown,
and attested by the corporate seal of said
town, and shall bear interest from April
/, 1908, at not exceeding four per CEN
tenn per annum, payable semi annually
on the first day of October and the first
day of April in each year, said bonds to
be issued in denominations not exceed
ing five hundred dollars each, and to
bear date April /, 1908, and shall be
payable at a time not exceeding thirty
years from date, and redeemable at the
pleasure of said corporation after twenty
years from their date.
Section 3. And be it enacted, That
the said Burgess and Commissioners of
Middletown be and they are hereby au-
thorized and empowered, at such times
and in such manner as they may deem
best, on and after the first day of April,
in the year nineteen hundred and four,
to call in and redeem the bonds issued
by said municipal corporation in pursu-
ance of an Act of the General Assembly
passed at the January Session, eighteen
hundred and ninety-four, Chapter 81,
the amount of said bonds issued in pur-
suance of the aforesaid Act being three
thousand FIVE hundred dollars (S3, 5oo),
and which bonds are redeemable at the
pleasure of said Burgess and Commits
sioners in accordance with the conditions
thereof, on and after said date, April |,
1904
Section 4. And be it enacted, That
the said Burgess and Commissioners of
NIiddletown be and they are hereby au
thorized to issue coupon bonds in the
name of said municipal corporation, to
an amount not exceeding three thousand
dollars lin addition to the bonds author
lied to be issued in Section of this Act),
which said bonds shall be signed by the
Burgess and countersigned by the Reg
lister of the town of NIiddletown, and at
tested by the corporate seal of said town.
and shall bear interest from their date,
at a rate not exceeding four per centum
per annum, payable semi-annually on
the first day of October and the first day
of April in each year, said bonds to be
issued in denominations not exceeding
five hundred dollars each, and to bear
date April /, 1904, and shall be payable
at time not exceeding thirty years from
date, redeemable, however, at the pleas
ure of said municipal corporation after
the expiration of ten years from their
date.
Section :. And be it enacted, That
the said Burgess and Commissioners OF
Middletown are hereby authorized and
empowered, after they shall have pre-
pared and signed the said bonds author
lied to be issued in Sections and 4 Of
this Act, to sell and dispose of said bonds
in the manner they shall deem best, al
not less than par value thereof, to raise
money to carry into effect the provision:
of this Act.
Section s. And be it enacted, THAI
the proceeds from the sale of the ter
thousand dollars of bonds authorized tC
be issued by the second section of thi:
Act shall be applied to the redemption
and payment of the present outstanding
bonds of said corporation issued unde
authority given in the Acts of 1892
Chapter I2S, aforesaid, and that the sun
of money required to redeem and pa,
said last mentioned bonds, in addition t
the proceeds from the sale of the tel
thousand dollars of bonds aforesaid
shall be paid out of the sinking fund o
said municipal corporation on hand a
the time of the redemption Of said bonds
Section 7. And be it enacted, Tha
the proceeds from the sale of the three
thousand dollars of bonds authorized Il
be issued by the fourth section of this
Act shall be applied to the redemption
and payment of the present outstanding
bonds of said corporation issued under
authority given in Acts of 1894, Chapter
Al, aforesaid, and that the sum of money
required to redeem and pay said las