Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1912-05-03

ROChNluc DlotIlCb OtAti
Election Jamestown District of sale
county for the payment of said bond
and the coupons thereon, provided tina
on or before the beginning of work or
said roads the County Commissioners
of Montgomery county shall be given
satisfactory assurance of a donation Of
the sum of Five Thousand Dollars to bt
applied by them for the purposes herein
mentioned. Said assurance and securi-
ty for and the payment Of said dona-
ton of Five Thousand Dollars to be ac-
cepted only under and by such terms
and conditions as said County Commits
sioners may prescribe to insure the GER
tain payment of said donation.
Section /. Be it enacted by the General
Assembly of Maryland. That the County
Commissioners of Montgomery county be
and they are hereby authorized and d.
rected to issue bonds to the amount of
Thirty-five Thousand Dollars. or so much
thereof as may be necessary, for the pur-
pose of building, improving and relocating
the public road beginning at Watts Branch
on the Rockville and Jamestown road, to
Travilah by the way of Magruder's Black
smith Shop and the Piney Meeting House
Road in the Fourth Election Rockville
District and the Sixth Jamestown Elec-
ton District in said county. and the public
road beginning at the corporation limits Of
the Town of Rockville, on the road known
as and called The Falls Road. to the
boundary line of the Tenth Election Poto-
mac District in said county, and TO levy
and collect taxes in the Fourth Election
Rockville District and the Sixth Darnes-
town Election District of said county, for
the payment of said bonds and coupons
as hereinafter stated, provided that on or
before the beginning of said work on said
road or roads the payment Of the sum Of
Five Thousand Dollars Donation be guar
anteed to the said County Commissioners
by such conditions and regulations as said
Commissioners may prescribe and require
for the sure and certain payment Of said
sum of Five Thousand Dollars to be do
mated to the said County Commissioners
of Montgomery county, to be applied by
them for the purposes of building, improving
and relocating said roads as hereinbefore
mentioned
Section g. And be it further enacted,
That the said County Commissioners be.
and they are hereby directed, upon the
execution and assurance by satisfactory
evidence in writing upon such terms and
conditions as said County Commissioners
may prescribe and determine for the pay
ment by donation of sum of Five Thous-
and Dollars as herein provided. to borrow
on the credit Of said county the sum OF
Thirty-five Thousand Dollars. or so much
thereof as may be necessary, and the said
County Commissioners shall issue coupon
bonds therefor under the corporate seal Of
said County Commissioners, signed by the
President of the Board Of County Commits
sioners, and cOuntersi9ned by the Clerk
thereof, in the sum Of One Thousand Dol
lars each in series numbering from one to
thirty-five, inclusive, or so many thereof as
may be necessary; and the said bonds to
bear interest from the date of issue there
Of, at not more than the rate Of five per
centum per annum, payable annually, and
which said interest to the maturity Of
each of said bonds shall be provided for
and set forth in the coupons attached to
each of said bonds, respectively, for the
which said bonds shall have printed on
them a distinct reference to this Act
authorizing the issue.
Section 3. And be il further enacted,
That all bonds issued under the provi-
sions of this Act shall be redeemable as
follows, that is to say: One Thousand Dollars
($1000.00) thereof in one year from the
date of their issue and thereafter annually
One Thousand Dollars ($1000.00) each
and every year until the whole amount of
said bonds and interest coupons shall
have been fully paid; and to this end the
said County Commissioners shall is
sue the said bonds in IS serials or so
many thereof as may be necessary, re-
deemable in their proper order. The last
bond of said serial to be redeemable in IS
years from the date Of issue; and the said
bonds issued shall be sold after due ad-
vertisement at public or private sale, in
the discretion Of the County Commission
ers.
Section 4. And be it further enacted
That the said County Commissioners shall
cause to be levied upon and collected from
the taxable property Of the Fourth Elec-
ton Rockville District and the Sixth Elec.
tioh Jamestown District of said county
an additional tax annually sufficient &c
pay the said bonds and interest as sale
bonds or interest coupons may severally
mature as herein provided, the amount t
be met the principal of the bonds and the
| interest thereon; and the said special ia,
OF levy shall be lien upon the taxable
property of each Of said election districts
upon which it is so levied. and the sale
tax shall be collected in like manner al
other taxes levied in said county are col
| lected, and when collected shall be ap
piled, as hereinbefOre provided, to thu
payment Of said bonds as they severally
mature and the interest thereon, which
said bonds and coupons when issued shall
be uncomfortable for any cause what
ever, and the said bonds and coupons 81
issued when redeemed, whether before Of
at maturity, shall be cancelled, and shall
be the duty of the County Commissioner
to Immediately cancel the same
Section S. And be 1t further enacted
That the said County Commissioners b
and they are hereby authorized, empow
cred and directed to apply the proceeds o
the bond issue Of Thirty-five Thousand
Dollars so sold as aforesaid, or the pro
ceeds Of the sale of as many of said bond
as may be necessary for the purpose here
in stated, and the sum Of Five Thousan,
Dollars to be donated as aforesaid to tn
payment Of the building, improving an,
relocating the public roads as herein men
toned, said Fourth and Sixth Election
Districts as aforesaid in said county; al
buildings and improvements thereof 4
consist of the grading of said roads AM
the construction thereon Of a macadan
road bed according to plans and specifi
cations prepared by and under the guild
ance. supervision and direction Of tn
Road Superintendent of Montgomery coun
ty. State Of Maryland.
Section 6. And be it further enacted
That this Act shall take effect from tn
date of its passage
Approved, April II. 1912.
CHAPTER $40.
An Act to repeal Chapter 42S Of the Ac
Of the General Assembly Of Maryland
passed at the Session of 1905, Entitle
an Act to provide for affidavit to an
recording of Deeds of Trust conveyin
real estate in Montgomery county a
security for debt and Of assignment
and release Of such deeds Of trust.
Section |. Be it enacted by the Geners
Assembly of Maryland, That Chapter az
of the Acts of the General Assembly {
Maryland, passed at the Session of 1901
entitled an Act to provide for affidavit I
and recording of Deeds of Trust convey
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