Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1908-05-08
LOCAL LAW.


County Commissioners Of Montgom
cry county to issue Bonds to the
amount of Twelve thousand, Five
hundred Dollars for the purpose OF
building and improving public roads
and highways within the Seventh and
Thirteenth Election Districts OF said
county and TO levy and collect taxes
10 the Seventh and Thirteenth Elec-
ton Districts of said county for the
payment of the said Bonds.
Section 1-Be it enacted by the Cen
eral Assembly of Maryland, That the
County Commissioners OF Montgomery
county be and they are hereby autbo'
rized and directed to issue bonds to the
amount Of Twelve thousand, Five hun.
bred Dollars for the purpose of building
and improving public roads and high
ways within the Seventh and Thirteenth
Election Districts of said county and TO
levy and collect taxes In the Seventh
and Thirteenth Election Districts OF the
said county for the payment OF the said
Bonds and coupons as hereinafter pro-
vided
Section 2-And be 1t further enacted,
That the said County Commissioners be
and they are hereby authorized and d.
rected TO borrow on the credit OF the
said county the amount of Twelve
thousand, Five hundred Dollars, and to
issue coupon Bonds therefor under the
Corporate Seal of the said County Com.
missioners. signed by the President Of
the Board of County Commissioners,
and counteIsign ned by the Clerk thereof,
in Gums not less thaa Fifty Dollars nor
more than Two Hundred Dollars, the
said Bonds TO bear interest from the
date of issue thereof at the rate of net
more than five per centum per annum,
payable semi annually, and which said
interest to the maturity OF each of said
Bonds shall he provided for and set
forth In the coupons attached 80 each Of
said Bonds, respectively, for the interest
due and payable thereon, and which
Bonds shall have printed on them and
on the coupons attached to them a dis.
tinct 10 renee TO this Act authorizing
the issue.
Section Sand be 1t further enacted,
That the said Bonds shall be redeemabe
as follows: that is to say, One Thousand
Dollars $4,000 00) thereof in one year
from the date of their issue, and there
after, annually, one thousand dollars
$4,000 O0) each and every year until the
pons stall have been fully paid; and 10
this end the said County Commissioner
shall issue The said Bonds In twel We Q2J
serials and one half al serial redeema-
BILE in their proper order, the last Bond |
Of the said serial to be redeemable In
Twelve tl2) years and six (6j months
from the date of Issue; and the said |
Bonds issued shall be sold after due
at public Or private sale,
in the discretion of the County Com
provided, however, that
uOdC Va EhtN ASOhuo Duhi DO bOtu
less than par.
Section 4-And be it further enacted,
That the said County Commissioners
shall cause TO be levied upon and col
lected from the taxable property of the
Seventh and Thirteenth Election DIS
tricts OF said county an additional tax
sufficient to pay the said Bonds |
and interest as the said Bonds and inter.
eat or coupons may severally mature Us
herein provided. the amount 10 be assess
ed to meet the principal Of the Bonds to
be puid from and assessed upon the
Thirteenth Elec ti0n District not to ex-
coed the sum OF Six thousand, seven
hundred and fifty dollars (S6760. 00) and
the amount to be assessed 10 meet the
principal of the Bonds to be paid from
and assessed upon the Seventh Election
District not to exceed the SUN OF Five
thousand. seven hundred and fifty dol
lars $3.50 COY, the said levy upon the
taxable property Of each OF said Dis
tricts to be In proportion TO the amount
to be expended IN each Of said Districts
out Of the Bond issue here provided for
and the said special tax or levy shall b.
u lien upon the taxable property of each
OF the said Election Districts upon
which 1t is so levied, and the said tax |
shall be collected In like manner as |
other taxes levied in the said county are |
collected and when collected shall be an
piled rs hereinbelore provided to the
payment Of the said Bonds as they sew
orally mature and the interest thereon
semi.annually, which said Bonds and
coupons when issued shall be noncor. |
testable or any cause whatsoever; and |
the said Bonds and coupons 60 issued |
when redeemed, whether before or a, |
maturity, shall be cancelled, and it shal
be the duty OF the County Commits.
sioners to immediately cancel the same.
Section Sand be it further epactel
That the said County Commissioners be
and they are hereby authorized and EN-.
powered to apply the following amounts
out of the proceeds of said Bonds Issued
and sold as aforesaid, or SO much of said
proceeds as may be necessary, on or to-
wards the payment for the construction
of the following rosds OF said Districts
as hereinafter specified TO be construct
ed under the Act of the General Assem-,
bly, OF Maryland of 1904. Chapter 925,
and any amendments thereof, known as
the Shoemaker Law" to wit: Four
thousand, Two hundred aud Fifty dol
lars lS4e5o.00l, or so much thereof a.
may be necessary, on the road from
Kensington to Rock Greek In said Thir.
teenth Election District; aud -Four
thousand. TWO hundred and fifty dollars
(sAs60 .O0). or 30 much thereof as may be
necessary, on the road, q CONTINUATION