Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1913-11-03
Published by Authority.
CRAPTER aan-


eral Assembly of Maryland, That the
County Commissioners of Anne Arundel
| county be and they are hereby authorized
and directed in the name and for said
Anne Arundel county, TO subscribe for
and hold shares of the capital stock Of
the Baltimore and Virginia Railroad
porated under the laws of the State Of
Maryland, to the amount Of two hundred
thousand dollars.
SECTION .. And be enacted, That Tor
the purpose of meeting the said subserip-
ton the said County Commissioners OF
Anne Arundel county be and they are
hereby authorized and empowered TO is
sue bonds in the name Of the said county
in denominations of not less than fifty
or more than one thousand dollars, bear
ing interest az the rate of Eve per cent
per annum, and payable AZ q period of
act more than forty years from the date
of their issue, and to each Of the bonds
shall be attached coupons for the pay
ment of interest therein, payable semi
annually, which said coupons shall be re.
.eived in payment of any county taxes
0y the County Commissioners of the said
county.
SECTION 3. And be enacted. That the
said bonds shall he exempt from county
and municipal taxation, and the faith Of
Anne Arundel county Is hereby pledged
for the redemption thereof
SECTION g. AMI be enacted, That the
County Commissioners of the said county
shall levy from year to year on the as
sessihle property Of said county such sum
Of money as shall in their discretion be
deemed necessary for the prompt pay
ment Of the principal and interest of said
bonds.
SECTION 6. And be enacted. That all
sums levied on account Of the principal
81 said bonds shall bo collected by the
County Treasurer Of Anne Arundel coun-
". or other officer or officers who may DO
authorized by l3w 10 collect the State
axes, in said county or IL there should
be at any time no State tax levied by law
hen in that case by such County Treas
lrer, collector or other officer or officers
IS may be by law authorized TO collect
he county taxes In said county, and shall
be subject 10 the order Of the County
Commissioners of Anne Arundel county
ghou collected, and shall be by said COuD-
" Commissioners deposited in some saw
Bgs bank or trust company 10 meet the
interest upon said bonds, and to create
/ sinking fund Tor the redemption of
said bonds at maturity, and q statement
,f the condition OF said sinking fund 70
DO certified to by the president and Eec-
etary Of the savings bank or trust com
amy where said sinking funds are do
ositcd, shall be published each year dur
ng the first week In January in the pa
ers doing the county printing or the
aid County Commissioners may invest
aid sinking fund in the purchase of the
oDds hereby authorized 70 be issued, OF
he stock or bonds Of this State or OF
tbcr States of the Union, or Of the city
If Baltimore or Of any Of the counties
tr municipalities Of this State, for the
purpose of creating % sinking fund for
he redemption Of said bonds at maturi-
y. And the interest, income or dividends
derived from such investment shall slsO
be from time TO time 50 invested by the
County Commissioners, and the said sink
ng fund and the investment thereof shall
he kept sacred and inviOlate for the re-
iemption Of said bonds as they shall ma
ure. and any person OF persons either
Is public officials or otherwise, who shall
% ;
fund. shall be guilty Of q msdeneanOT,
md upon indictment and conviction shall
he fined a sum not exceeding one th0us-
lrd dollars, and confined in the county
ial for "A term not exceeding one year.
SECUuE g. And be enacted, That IN
il the payment in full Of the whole
mOunt Of the principal Of said bonds all
dividends which may be declared by the
aid company upon the said stock so TO
be subscribed for shall so long as the said
.toek shall continue to be owned by the
ouuty and held by the County Commits
,iOners, be paid by the said company 70
said County Commissioners to be invested
by them in the increase of said sinking
fund b invested in stocks and bonds, as
provided in Section 5, il shall be the duty
If the County Commissioners to publish
turing the first week of January in each
year. under their hands and seals, in the
newspapers published in Anne Arundel
ounty doing the county printing a full
statement Of the exact condition Of said
snkng fund
SECTION z And be Ii enacted, That
hs said County Commissioners shall have
power OF any time out Of any surplus
funds belonging TO the said county 70
purchase aud retire any Of the bonds
hereby authorized 70 be issued at their
market value And the same TO cancel
lnd DESTROY, after entering upon their
books the date of such purchase and Of
such cancellation, and the da' amounts
numbers and other particulars Of the said
bonds, respectively; provided, that nc
bonds shall DO purchased unless ali con
1ns thereof. respectively, not then dUG
shal remain attached 70 such bonds Al
he time Of purchase.
SECTION s. And be II enacted, That nc
bonds shall be delivered 70 the said rail
road company by the said County Com
missioners until first the said railroad OF
The said company shall be built and com
pletely constructed, equippc9, put in run
oing rider and open for regular passagt
and freight service from the tide watsl
20 Drum Point on the Chesapeake Bay
Trough Calvert and Anne Arundel coun
ties TO a point in said Anne AruDde
county as least as fac north as Miliers
lille, on the Washington, Baltimore and
Annapolis Electric Railway; and, second
until regular through passenger and
freight trains are running at least 81
days in every week from the said Drum
Point to the city Of Baltimore, ove tbs
railroad OF the said Baltimore and Vir
ginia Railroad Company from the SAID
Drum Point 10 a point In said Ann'
Arundel county at least az far north a
MIlersvine, and from thence either ovel
| the railroad on the said Baltimore anC
Virginia Railroad Company, II said rail
road shall have been constructed and put
running order, from Millersville to th'
/ city Of Baltimore, or if said railroad shaI