Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1904-04-30
Published by Snow Hill City Council
Public Local Law
Authorizing the Bonding of Snow Hill
For $l5.OO0.
CHAPTER 1852.

to borrow upon the faith and credit of
said town IA sum not exceeding fifteen
thousand dollars and to issue and sell
coupon bonds therefor, To provide
finds for the improvement Of the
streets, avenues. alleys and ways of
said Snow Hill and to provide for the
levy and collection of taxes to meet
the interest and principal of said bonds
as the same become due.
See. BE it enacted by the General
Assembly of Maryland. That for the
purpose of improving the streets, ave
nues, alleys and ways Of the town of
Snow Hill. as more particularly herein
after set out. the Mayor and Council Of
Snow Hill are hereby authorized. in
their discretion, to borrow upon the
credit of the town of Snow Hill, an
amount not exceeding the sum of fifteen
Thousand dollars, and To issue coupon
bonds therefor in sums not less than
One Hundred Dollars. and not more than
One Thousand Dollars each. tn bc
signed by the Mayor of said town. and
To be countersigned by the Treasurer of
said corporation, with the seal of said
town attached: Said bonds shall bear
interest at the rate of five per centum
per annum, payable semi-annually on
the first days of January and July, IN
each and every year. until the said bonds
are paid: Said bonds shall be forever
exempt from all taxation whatsoever.
and shall have printed on them Il dis
tinct reference to the Act directing their
issue
Sec. 2.-And be il enacted, That said
bonds shall be issued in series from one
u fifteen inclusive, according to the
aggregate amount issued. each series
consisting of One Thousand Dollars of
said amount. and shall be redeemable
and payable as follows: One Thousand
Dollars thereof on the first day of July
in the year Nineteen Hundred and
Twenty-Five and thereafter annually on
the first day Of July in each and every
year, One Thousand Dollars thereof un-
til the whole amount so issued shall
have been paid, and said bonds shall he
sold at public or private sale and in such
amounts, not less, however than One
ThOueand Dollars at any one time and
not exceeding in the total the said sum
of Fifteen Thousand Dollars, and at such
times. as the said Mayor aud Council
of Snow Hill in their discretion may
seem proper, until the said fifteen series
have been issued aud sold: provided
that none of said bonds shall be sold ai
less than par.
Sec. 3 3-And he il enacted, That for
the purpose of redeeming said bonds at
their maturity and for securing the
prompt payment of the interest thereon
the said Mayor and Council are hereby
empowered and directed to annually
levy on the taxable property of said town
such sums of money as shall in their dis
cretion be necessary for the prompt pay
ment of the interest on said bonds and
the principal thereof, VIII II the same
may become due. All surplus arising
from said special levy. after the pay
ment of said interest and the necessary
costs of betterments and repairs, shall
be by the said Mayor aud Council iu-
vested i'll some safe securities as sink
ing fund. which shall not at any time
be directed from the purposes of this
Act
Sec And be- il enacted, That the
money arising from the sale of said
bonds shall be paid to the Mayor and
Council of said town and by them be de-
posted in Bank and shall only be- drawn
therefrom by checks signed by the
Mayor and countcrsignei by the
Treasurer: and the said Mayor and
Council of Snow Hill are hereby author.
lied and empowered To use said funds
III the payment of the expenses Tor the
improvements of the streets. avenues,
alleys and ways of said town of Snow
Hill which the said Mayor aud Council
of Snow Hill are by this Act authorized
to have made
Sec. And be it enacted. That the
Mayor and Council of Snow Hill be- aud
they are hereby authorized and en-
powered To take such steps and means
for the improvements of any or all of
the streets, avenues, alleys or ways of
said Snow Hill by curbing, recurbing
grading. regarding. paving, Smelling.
placing stone or other materials from
curb To curb or any part thereof. widen
ing. Strengthening or otherwise altering
or improving said streets, avenues,
alleys, ways or any of them, as to the
said Mayor aud Council of Snow Hill III
the exercise of their discretion may
seem proper and to the best interests of
said town, using therefor whatever in
struments. materials or means and
having said work done and improve
ments made i'll whatever manner that
To said Mayor aud Council may seem
best: and for the purpose of carrying
ont the Intentions of this Act the SAID
Mayor and Council of Snow Hill are
hereby authorized and empowered, if
they see fit to employ. ami from the
funds raised by the issue and sale of
said bonds to compensate, competent
engineer or engineers TO plan, oversee
and direct or to plan, oversee or direct
the improvements or changes as afore-
said: and the said Mayor and Council of
Snow Hill are further authorized aud
empowered to employ and pay as aforc-
said such other agents, servants or
laborers as to them may seem necessary
or proper to make such improvements
or changes as aforesaid and further to
purchase and pay for such materials and
10 purchase and pay for or TO hire or
rent such tools. implements or ma
chinery as to them may seem necessary
or proper TO make such improvements or
changes and to do any other act or thing
which to them may seem necessary or
proper in order to carry out the inten
tions of this Act.
Sec. 6.-And be il enacted, That the
Treasurer of said town of Snow Hill
shall keep i'm book for the purpose IA
full registry of the bonds sold. the
tl, l,.., .,f 4. Il