Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1913-10-13
Published by Authority.
cHAPTER 80


eo,,n,y he and they are hereby authorized eo
~ directed in the name any i1r said De
,.na Arundel county, 70 supsados f..- std
an5 bola shares of the capita stock AZ
- baltimore aud Virginia Aa.roaa Ia
,s,,,nonv a body corporate, day Moor pa
,,orste5 nn5er the laws Of the pate of -v
ag III ~ the amount Of two hundred e.
thousand dollars m
.ss burmese Of meeting the said suasr- F..
ton the said County Coihi'llsSi ~. "
Anne Arundel county be ana ne are
hereby authorized and empeWeiesu :. Is H
sue bonds in the name OF the salu ~!
in denominations OF not less sAln
or more than one thousand aoialsl
inv interest at the rate OF hfe Per
per annum, and payable at pe,toe
not more than forty years from tue aas
Of their issue, and to each OF tne oono
shall be attached coupons Tor me psg
mept Of interest therein, payaoie seiui'
annually, which said coupons shah pc r.
eeived in payment OF any county taAss
bv the County Commissioners OF tine sa'o
county. ~.
SECTION 8. And be enacted, That the
said bonds shall be exempt from county
aud municipal taxation and the iaitn o.
Anne Arundel county is hereby pledgeo
for the redemption thereof.
SECTION f. And be enacted, Ihat the
County Commissioners Of the said county
shall levy from year TO year on the as
sessible 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 5. And be enacted, That all
sums levied on account of the prlnelpal
Of said bonds shall be collected by the
County Treasurer of Anne Arundel coun'
~, or other officer or officers who may be
authorized by law to collect the state
taxes, in said county, or II there should
be az any time no State tax levied by law,
then in that ease Icy such County Treas
urer, collector or other officer or officers
as may be by law authorized to collect
the county taxes in said county, and shall
be subject to the order of the County
Commissioners of Anne Arundel county
when collected, and shall be by said Coun-
ty Commissioners deposited in some saw
ings bank or trust company TO meet the
interest upon said bonds, and to create
sinking fund Tor the redemption of
said bonds at maturity, and 4 statement
of the condition OF said sinking fund to
be certified to by the president and sec
rotary of the savings bank or trust com
pany where said sinking funds are de-
posted, shall be published each year dur
ing the first week in January in the pa
pers doing the county printing or the
said County Commissioners may invest
said sinking fund in the purchase of the
bonds hereby authorized to be issued, or
tho stock or bonds Of this State or of
other States of the Union, or of tho city
of Baltimore, or OF any of the counties
or municipalities of this State, for the
purpose of creating sinking fund for
the redemption of said bonds at maturi
| ty. And the interest, income or dividends
derived from such investment shall also
| be from time to time so invested by the
| County Commissioners, and the said sink
| ing fund and the investment thereof shall
| be kept sacred and invi0late for the re-
demption of said bonds as they shall ma
ture, and any person or persons either
as public officials or otherwise, who shall
| divert OF attempt 10 divert said sinking
| fund, shah be guilty of misdemeanor,
and upon indictment and conviction shall
| be fined a sum not exceeding one thOus-
II
| Jail for a term not exceeding one year.
SECTION o. And be enacted, That IN
til the payment in full of the whole
amount of the principal of said bonds all
dividends which may be declared by the
said company upon the said stock so to
be subscribed for shall so long as the said
stock shall continue to be owned by the
county and held by the County Commits
81. Fr Inv ta efsfH 70
said County Commissioners to be invested
BY them in the increase Of said sinking
fund, is invested in stocks and bonds, as
provided in Section 5, it shall be the duty
of the County Commissioners to publish
during the first week of January in each
wear. under their hands and seals, in The
newspaper Gong uth eco caos6ty printing fun
Statement OF the exact condition of said
Il sinking fund
SECTION z. And be it enacted, That
| the said County Commissioners shall have
power at any time out Of any surplus
funds belonging to the said county to
purchase and retire any Of the bonds
hereby authorized to be issued at their
market value. And the same to cancel
/ and destroy, after entering upon their
books the date of such purchase and OF
| such cancellation, and the dat, 9, amounts,
numbers and other particulars of the said
| bonds, respectively; provided, that no
| bonds shall be purchased unless aIl con
pons thereof, respectively, not then due
shall remain attached to such bonds AZ
the time Of purchase.
SECTION 8. And be it enacted That no
bonds shall be delivered to 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.
piletely constructed, equipped, put in run
ming order and open for regular passage
and freight service from the tide water
at Drum Point on the Chesapeake Bay
through Calvert and Anne Arundel conn.
ties TO a point IN said Anne Arundel
county at least as Tar north as Millers-
vile, on the Washington, Baltimore and
Annapolis Electric Railway; and, second.
until regular through passenger and
freight trains are running at least six
days IN every week from the said Drum
Point to the city Of Baltimore. Owe. the
railroad OF the SAID Baltimore and yir-
glnia Railroad Company from the said
Drum Point to point in said Anne
Arundel county at least as far north AZ
Miliersville, and from thence either over
the railroad on the said Baltimore and
Virginia Railroad Company, If said rail
road shall have been constructed and mt
IN running order, from Millersville 10 The
city Of Baltimore, or if said railroad shall
fL..v.