The Prince George's enquirer and southern Maryland advertiser., 1910-05-20


moneys collected from Liquor Licenses,
as are now directed by law to be paid
to the County Commissioners of said
County, less their proper expenses as
provided by law, and the said Board of
Road Directors shall apply the same
| as other road taxes collected under this
Act are applied, provided. that the said
| Board of Road Directors shall annual
| ly pay the proper authorities of incor-
porated towns iu the county, such part
Of the funds derived from Liquor
Licenses issued to persons dealing in
liquor within the limits of said town
as now provided by law. And said
Board of Road Directors are hereby
directed to pay annually to the proper
authorities of each incorporated town
| in the county three-fourths of such
| part of said road and bridge tax as
may be realized each year from the
| property within the limits of their
| respective towns.
Section sa6 All moneys belonging
to said Board of Road Directors shall
be deposited in one or more Banks of
| said County to the credit of said Board,
and shall be paid out only upon checks
signed by the President of said Board
and countersgned by the Road
Engineer; except that for such sums
rs shall be paid for labor or provender,
checks may be signed by the Directors
of the respective districts, counter
signed by the Engineer. and the state
ment upon the checks, that such checks
are for labor or provender, shall be suffi-
cient warrant fort payment, when
50 signed. The total sum received for
the use of the r ,ads and bridges from
any source, after payment into the |
Redemption Fund. as hereinafter pro-
yided for. shall be divided into four
parts, and one part shall be known as
the General Fund.-. out of which |
the salaries of the members of the |
Board. the salary of the Engineer, and |
all rebates payable to incorporated |
towns shall be paid, and the residue |
thereof shall be subject to the dispose
tion of majority of said Board for road |
or bridge uses, and such residue shall |
each year be held as an emergency |
fund, and no part thereof shall be ex-
pended until 95 per cent of the funds |
allotted to each District shall have been
expended; the remaining three parts
shall be equally divided among the
four Road Districts herein created for
use upon the roads and bridges Of the
respective districts, and the sum so
allotted to each Road District shall be
divided, as nearly as practicable, among
the election districts of the respective
road districts, according to their road
mileage; and the Engineer shall keep
separate itemiZed account of all expend-
itures, seeing to it that no Road Dis
trict exceeds it's allotment. Should the
General Fund be insufficient to pay the
charges against it, the deficiency shall
be made up by deducting sufficient
amount, pro rata, from the sum allow
ed each Road District hereunder. A
detailed account of all receipts and ex
penditures of said Board shall be pub
lished once a year in the month OF
January, in at least two newspapers
published in said County.
Section 2S7. That for the purpose set
forth in Section 28S of this Act the
County Commissioners of Prince
Georges County are hereby authorized
and directed to borrow on the faith and
credit of Prince Georges County, an
amount not exceeding the sum of six
teen thousand dollars ($16,O00l, and to
issue coupon bonds therefor in the sum
of one hundred dollars. or any multiple
thereof, 10 be signed by the president
of said County Commissioners and the
Clerk thereof, with the seal of said
County Commissioners attached, and to
be registered by the said clerk in a sep
arate book kept for that purpose; said
bonds shall bear interest at the rate OF
FIVE per cent per annum, payable on the
first day of May and the first day of
November, each year, at some deslgnat
ed national bank in said county, until
such bonds shall have been paid; and
said bonds shall have printed on them
:tAuthorized by this Act" naming the
Act All bonds to be payable as to
principal thirty years from the date OF
their issue. The first of said bonds is
sued hereunder to be dated May |. 1910.
No bond authorized hereby shall be
sold for less than par and accrued in
terest, and before. any such bonds are
sold the County Commissioners are re-
uuired to advertise the sale of the same
in one newspaper published in Balti
more city and one newspaper published
in Prince Georges County, and to sell
the same on day named ia said adver
tisement at public auction, at the Court
House door to the highest bidder. And /
for the purpose of ofredeeming said bonds
upon maturity and the payment of in
terest thereon the Board of Road Dir
ectors are hereby required to deposit in
some bank in said county, to the joint
credit of said County Commissioners
and the Board of Road Directors, where
interest can be obtaine d, if possible, to
the credit of separate account, to bo
known as the Redemption and Inter
est Account" annually from the road
funds received by them, before any
division or deduction from said fund
shall be made, one-Lhirtieth of the total
amount of the bonds utstanding, and
a sufficient amount to pay the interest
ON all bonds outstanding for one year
from the date of deposit. Such fund to
be used only for the purpose of paying
interest on said bonds and purchasing,
paying or redeeming the same, and any
other use of said funds shall be mis-
demeanor punishable, upon conviction,
by a fine double the amount of the
money 80 converted. The Board of
Road Directors may at any time pur-
chase In the open market, when obtain
able, such bonds at a price not exceed
ing one hundred and two ($102) and
accrued interest, and all bonds so pur-
chased or otherwise redeemed or paid
shall be marked across the face "Can-
celed."
Section aSS. The County Commits
sioners are hereby directed and requir-
ed within sixty days from the passage
Oh LutS ACL w sell VIC Sdlu $lU,UUU OI |
the bonds provided for in section 297
and to pay over to the Board of Road
Directors as soon as received the full
amount realized from the sale of said
bonds, the cost of printing or engrav
ing said bonds. the advertising of the
same and all other costs attached to the
issuance and sale of said bonds to be
paid by the County Commissioners from
ordinary county funds, and the said
Board of Road Directors from the pro-
oeeds thereof to Immediately thereafter
purchase road equipment and machinery
as follows: Not less than four road |
rollers of a minimum weight of three
tons, not less than eight mules for each
Road District; and such harness,
wagons, split log drags, carts, hose,
plows, picks. shovels, scoops, and other
machinery and equipment as they may
deem necessary for she thorough work