The citizen. (Frederick City, Md.) 1895-1923, 1912-06-28
LCHAPTER NO. 112.l

! AN ACT to authorize and empower the
Burgess and Council Of Myersville. in
Frederick County, Maryland, to issue
and sell bonds for a sum of money, not
exceeding Eight thousand Dollars, for
the purpose OF installing water svs
tenn or Lighting plant in said town and
to provide for the levy and collection
of all taxes necessary for the payment
OF the interest on said bonds, and for
the creation Of a sinking fund for their
payment upon maturity, with the pro-
viso that the said issue of bonds be
first approved by vote of the people
OF the said town of Myersville.
Section l. Be it enacted by the Cen
eral Assembly of Maryland, That the
Burgess and Council of MversvilIe, in
Frederick County, Maryland, be and
they are hereby authorized and empow-
cred to issue bonds in the name of
said municipal corporation to an amount
not exceeding the sum OF Eight Thou
sand Dollars (SS, ooo); the bonds to be
issued under the provisions of this Act
shall be issued in sums of not less than
one hundred dollars, nor more than five
hundred dollars each, and the said
bonds shall be sealed with the corporate
seal signed by the Burgess and counter
signed by the Clerk of the Council Of
said town; each of said bonds shall be
PAYABLE thirty years after date to bearer.
redeemable, however. at the pleasure of
the SAID Burgess and Council at any time
after the expiration of ten years from
their respective dates, bearing interest
not exceeding five per centum per an
mum, payable sem-annually, by the
Burgess and Council of SAID municipal
corporation, on presentation OF interest
coupons, TO be issued with said bonds,
and said bonds SHALL be exempted from
all county and municipal taxation in
Frederick County; and provided further.
that the money arising from the sale of
said bonds shall be used only in carrying
out such plans for the installing of a
water system or a lighting plant which
ever may be adopted by an ordinance
To be passed by the Burgess and Council
OF said municipal corporation prior to an
election to be held on the first Monday in
May, 1912, as hereinafter specified; and
provided further that none of said bonds
shall be sold at less than their par value.
Section 2. And be it enacted. That
The Burgess and Council of Myersvile is
hereby authorized and empowered to sell
said bonds by bid upon sealed proposals,
after having gwen at least three weeks
public prior notice by advertisement IN one
newspaper published in Frederick
County, and such other notice as the
Burgess and CounCilmen of Myersvile
may think proper, provided, however,
hat said bonds shall not be sold except
or cash.
Section g. And be it enacted. That
sid Burgess and Council shall have !
power and authority and are hereby !
equired to levy all necessary taxes upon /
he property within the taxable limits of |!
laid corporsti IN, for the payment OF the
interest on the bonds hereby authorized /
o be issued, as well as for the |
,ayment OF said bonds at maturity, |
md said Burgess and Council shall create |
sinking fund for that purpose and levy |
he necessary taxes therefor which sinking !
und shall be invested annually in I
ONE safe securities to be selected by |
aid Burgess and Council; provided, that i
he question of issuing the said bonds
hall, at the regular municipal election
) be held on the first Monday of May,
qG2, be submitted to the qualified voters
t said town; if a majority of the votes
asst on said proposition at said election IA
or the execution ofthis law, the Burgess +
nd Council may proceed to issue said
onds; but if the majority of said votes
asst on said proposition shall be against
lie execution of this law, then it shall
e null and void.
Section a. And be it enacted That the
urgess and Council of MyerSvile shall
onvene in special session at least ten
avs before the regular municipal cleo
ON to be held in said town of Myersville
4 the first Monday in May, 1912 and at
id special session to be held as aforesaid,
e said Burgess and Council of SAID
unicipal corporation shall pass an ordi-
lnce specifying whether the proceeds
Using from the sale of said bonds to be