The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1908-05-16

law q pro- rating other or further snins from
the State. to the aid Of the several counties for
the purpose Improvements Of The public roads
| In sad county.
Section :. Be Il enacted. that. In view ~ the
fact that only twenty-five thousand dollars Of
the m ney shall be used for the aforesaid pur-
pose In any one year. that the County Commits
sioner'. although required 10 sign and seal said
bonds. may. 81 their dlscrt ton, sell, at any one
time, only such amour, thereof ~ may be neces-
sary for iae mt diate purposes Of this Act.
And In case any such bonds shalt be sold at DIFF.
fereni periods. whatever excess thereof rcmai,s
unsoid at any time. or from lime TO time. shall
be p aced IN safe deposit vzu I with a duplicate
key. one OF which il TO be held by the Pre-, ident
| Of the Board OF County Commissioners and one
by the County Treasurer. and the said vault shall
not be opened, at any timo. for the purpose OF
sale or deliver. except upon an order OF the
County Comm ssioners. In open session, 10 be
| duly entered upon their minutes OF proceedings:
and should there to bonds remaining unsold
| from time 10 time the coupons thereon shall be
cut Oh and publicly burned and no hwy ~ here.
matter provided shall be made for the purpose Of
paying the coupon interest ON bonds unsold.
Section. Aud he II enActeI, tl.at for the rur.
pose ~ redeeming said bonds at their maturity
or for securing the prompt payment OF the inter.
est coupons, the sat County ommissioners snail
for the y, mr. 1919. aud annually thereafter until
t,e maturity OF the last of the bonds, issued
under the authority Of this Act. levy ,ax on the
sssessable properly OF said county sufficient TO
| pay the annual interest 90 said bonds sold aud
nnpai :; aud al.o in addition thereto. for the
sinking fund. they shall levy aD amount which.
with accumulated terest thereon. will enable
them to meet the several rcs Of bonds issued
In this Act, as they shall severaily become due.
Section T. And be II enact ed. that the money
| for the sinking fund. levied annually As pro
vided in the preceding Section. shall be deposit.
/ ed, by the County Commissioners In some ,aving
Inst tut'on or trust company paying interest
| thereon, and they shall rqui Q from such saving
| institution trust comp nv good and sufficient
bond IN the petalty OF no less than ten per ecnt
above the amount Of money deposited; and
The money 20 deposited 10 the redit OF aid sink
lug fund shall be drRSn only IN oh. ques signed
by the President Of the B1ari Of c unity Com.
mission n and the coui ty treasurer: aud said
sinking fund mry lie used at any time In the
purchase and redemption ofany OF slid bonds,
| when the pu chase price shall secure rate Of
Interest greater taan that paid by the depository
or d, posltorie. wherein the said money shall be
deposited: and after the purchase aud redemp.
ito ofHny sich bonds. by the said Comfy Com.
missioners, from the deposits TO the credit OF the
sinking nd the same shall be Immediately de.
s,royed; and no portion OF the said sinking fund
shall be diverted TO any other purpose than
| liquidation of said bonds; and should said
COUNT Commissioners. or any oihe person nav.
Ing change OF ssid sinking fund. suffer the same
to he diverted or applied to any other purpose
than the purchase or redemption OF the raid
bonds st, or before the maturity thereof then
such members Of the Il aard OF County Commits
si"ners who shHli, by their vote, agree to such
diversion. shall be deemed guilty OF u msde
meanor and shall be Jeot TO n fire OF not less
than the amount applied or diverted. and upon
failure To pPy said fine and costs may, In the
discretion Of The Court trying the case be com
mtted to Jail until said fine and costs are paid.
sec'ion s. And be It enacted, that the monies
arising from the sale OF said bonds shall be paid
TO the joint order OF the President Of the Board oi
County Commissioners OF Cecil comfy and the
Treasurer thereof: and the said treasurer shall
keep In book 10 DO provided for this purpose. a
full registry OF the bonds sold the different series
serial numbers Of the bonds and names OF the
purchasers the amount realized therefor and all
transierS or assignments thereof aud the de-
posts Of the purchase money for .aid bonds
shall. when not used for immediate purposes, be
made In some savings institutions or Trus, m
pany under the same condition as hereinbefore
required { r the sinking fur money aud the In
tereSt thereon.
Section o. And be IL enacted that the bonds so
to be Issued shall be designated Us bonds for the
perm anent improvement, OF Public Highways OF
Cecil County" aud the funds arising thereirOm
all not be used for or diverted TO amy other
purpose under the penalty provided under the
neat preceding Section
Section TO- Aud be II enacted. that Tor the
purpose Of the improvements of the roads. ~
aforesaid, the Governor shall appoint an Auxili'
AIRY Bord consisting OF four citizens OF Cecil
county to confer aud act with The Board OF
County Commissioners. A. to the ripper roads to
be improved aud the manner Of their improve
me 4. aud VINO shall advise with the sad Board
OF County Commissioners g to the chHrac 'er, OF
the place where the work is 10 be ne and also
rs &c the letting Of contracts for such improve
mclts, and the decl ion OF a majority OF said two
Boards in joint session shall hnal rs to the
places and manner ( said Improvements. The
said Auxiliary Board so appointed shall receive
no compensation other than their pcrsonat cx.
pense, Of which they shah monthly render Rn
account 10 the county tofnml sioDern OF SAID
County shall thcrcupon, Immediately pay the
same ia cash.
Section II Aud be It enac'ei, that, whe' cas-
provision Is hcrcInbcfore made for levy TO pay
the iutercs, upon said bonds, II the County Com
mI.sioners shall determine that the same can be
paid out OF the general fund provided for county
highways, they shalt rot be required to make a
special levyior said interest. but may, In their
discretion, pay II from ihe general fund provided
for highways, or out Of their contingent fund.
Section u And be It enacted, that the fund
arising from the sale OF the bonds, for the perma
nent improvement Of the public highways, shall
be apportonei TO the several election districts OF
said county. IN proportion TO the sums heretofore
spent In the care aud repair ofthe roads Of said
respective districts. The roads TO he first i'm.
provei, shah be those leading to the most I'm.
rortant towns, the railway or navigation centers
Of each district which roadS shall be determined
on by the Board OF Comfy Comm lssioners and
Auxiliary Board ms provided by Section 10 OF
this Act
Approved Apr o. 1905,
AUSTIN l.. CROrHERS,