The midland journal. (Rising Sun, Md.) 1885-1947, 1908-01-24


18th inst, with the following mem.
bers and visitors present: President
r. T. Cameron, r. K. Rawlings,
M. c. Reeder, A. j. Kitchener,
Elwood Balderston. j. P. Wilson,
@. r. Biles, j. T. Grove, M. L
Thompson, Wayne Reynolds, j.
I'll. Maxwell, J. Harry Maxwell, A.
B. Mcvey, Rev. Saml. Polk, A. R.
Brown, F. r. Cherry, A. n.
Mendenhall, Cecil E. Ewing. Wis
itors-Wm. Clifford. Z. L. Duyck-
inck, q. o. Sampson, Curtis
Cameron, Carroll Cameron, Walter
Cameron.
Minutes of previous meeting read
and approved.
A communication from the Farm
ers' League of Maryland was read
and the Treasurer of the club stated
that he had forwarded the amount
for dues to renew membership for
1908.
Messrs. J. P. Wilson, Elwood
Balderston and A. B. McVey who
had beer appointed to draft bill
to be presented to the Legislature
for enactment authorizing the
County Commissioners to borrow
two hundred thousand dollars for
permanent road Improvement. re
ported that they had prepared such
bill and had interviewed Delegate
j. Wilson Squier with view of OBJ
tanning bis interest in the matter
but had received no encouragement
from that source.
The bill as drafted by the com
mittee was read and after consider
able discussion was adopted as a
whole, subject to any minor
changes which may be found adj
visable. A synopsis of the bill
provides:
1st-That the County Commissioners
be authorized to borrowa sum not to ex-
coed two hundred thousand dollars to be
expended for permanent Improvement of
public highways of Cecil county, and for
the purpose of securing the payment of
such sum to issue bonds in denominations
Of Eve hundred dollars each. on-taxable
and bearing such rate of interest not ex
ceeding ~ per cent.
2nd-Said bonds shall be divided into
three series. first series of $So, 900, pay.
able in 10 years; second series of SIS. 900
payable in 20 years; third series Of SIS. 900
payable in 80 years.
Said bonds may at the option of the
Commissioners contain a provision for
the redemption thereof any time after the
expiration of FIVE years from the date of
issue. at premium not to exceed Eve
per cent.
3rd-Said bond to be prepared under
the supervision of the County Commits
sioners and signed by the County Treas
urer and President of the Board of County
, Commissioners and shall be under the
seal Of the county. 1t shall be the duty
Of such officers to execute said bonds
when directed by the Board to do so.
4th-Said bond shall be sold each year
as shall be necessary to meet the full ap
preparation .made by the State for Cecil
county and such further sale as may be
deemed expedient by the Commissioners
not exceeding $4,000 in any one year.
This fund to be known as the Fund 70,
the Permanent improvement Of Public
Highways of Cecil County" and cannot
be used for any other purpose.
5th-The County Commissioners are to
sell such bonds on the most advantageous
terms possible, after having advertised
them in not more than three Of the county
papers for at least two weeks No CON-
mission or other compensation shall be
charged or paid to envy member of the
said Board of County Commissioners for
effectiug the sale or negotiation of said
bonds. Said bonds, principal and in
terest. shall be payable in gold at ths
Treasurer's Office, Elkton. out of the
money from time to time appropriated
for that purpose.
6th-For the purpose Of retiring SAID
bonds at maturity the Commissioners are
authorized and empowered to levy tai
of one mill or so much thereof as may be
necessary. as sinking fund. which must
be deposited on certificate ia any National
Band in Cecil county until such time as
il is needed to retire said bonds. The
interest TO be paid out the general fund
provided for County Highways.
7th--Said fund sheil be apportioned to
the several nine districts of the county
in thu proportion Of the taxable basis Of
each district The roads to be first i'm.
proved to be those leading to the most
Important towns or railway or navigation
center of each district, said road to be de.
termined by d jury ofsnot less than FIVE
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