The citizen., 1914-07-17
PUBLIC LOCAL LAWS.
CHAPTER NO as

ick to issue and sell bonds for sun
of money not exceeding one hundred
thousand dollars ($100,0OO.O0), fo1
the purpose of providing payment
for such permanent improvements
as may be found necessary or de
sirable. and for the purpose of build
ing reservoirs. acquiring title to
land along and adjacent to the wa
ter sheds of Tuscarora and Fishing
Creek. in Frederick County, Mary
land. and making such improve
| ments and extensions to its water
system as it shall think proper, pro
vided that such improvements, eX-
tensions and acquisitions of land and
the approximate amount to be eX-
pended therefor shall receive the as
sent of the qualified voters of the
City of Frederick before such bonds
are issued and sold.
Section l Be it enacted by the Gen
eral Assembly of Maryland, That the
Mayor and Aldermen of Frederick is
hereby authorized and empowered to
issue and sell bonds for a sum Of
money not exceeding one hundred
thousand dollars ($100,OOO 00), for the
purposes and under the conditions set
forth in this Act.
Sec. 3. Be it enacted, That the Mayor
and Aldermen of Frederick is hereby
authorized to prepare an ordinance, or
ordinances, lung out the purpose OF
purposes to which the proceeds from
the sale of bonds provided for under
the terms of this Act shall be devoted
said ordinance or ordinances to speci-
fy the apprOXimated cost of each pro
posed improvement and repairs, and
the amount to be expended in acquir-
ing title to land and submit the same
to the duly qualified voters of the City
Of Frederick at any general election,
or at any special election or elections
which it is hereby authorized to call
for all or any of the purposes afore-
said, which said special election or
elections, shall be held at such time,
and places and in such manner as the
said The Mayor and Aldermen shall by
ordinance, or ordinances, provide but
no such bonds shall be issued and
sold unless the duly qualified voters of
the City of Frederick at any such eec-
tion shall by a majority of the votes
duly cast declare their assent to the
issuance and sale of the bonds therein
mentioned, or any of them, and the
purposes to which the money derived
from the sale of any such bonds shall
be applied. Each proposed improve
ment, extension, repairs and amount
to be expended in acquiring title to
land, may be voted upon separately,
and separate elections may be held for
the purpose of carrying out the pro-
visions of this Act but in the event
any such improvements, extensions,
repairs and acquisitions of land, shall
not receive the assent of a majority of
the duly qualified voters of the City,
then no election shall again be held
for that particular purpose, but elec-
tiOns may thereafter be held for any
other purposes described in this Act,
provided that the aggregate of the
bonds to be issued under this Act shall
not exceed the sum of one htS1red
thousand dollars. go
Sec. 3. Be it enacted that The NJ lor
and Aldermen of Frederick, uparfthe
approval by majority of the quaAied
voters of the City of Frederick for the
issuance of bonds for any of the pur-
poses mentioned in this Act, is here.
by authorized and empowered to do all
things necessary for the issuance or
any such bonds and their offering for
sale under the most advantageous con-
ditions, is authorized and required to
levy the necessary taxes upon the
taxable property of the corporation to
provide for the payment of the inter
est on such bonds, to create a SINKING
fund for their payment upon maturity,
and is authorized to do all other things
in connection with the issuance, sale
and payment of the bonds and interest
thereon, and carrying on the work and
purchasing the land provided for un-
der any such ordinance, as may be
necessary or proper, said bonds to be
issued in such manner. for such
amounts, and to be payable at such
time, and to bear such rate of interest
as the said The Mayor and Aldermen
OF Frederick shabby ordinance provide
The Mayor and Aldermen of Frederick
may, in their discretion, issue serial
bonds, which shall be redeemable, fall
due and mature in series or install
ments; and all bonds issued in pursu
ance OF this Act shall be exempt from
county and municipal taxation.
The provisions of this Act shall not
limit the power of The Mayor and AL
dermen of Frederick to incur any in
debtedness for the improvement, re-
pair or extension of its water system
the building of reservoirs and acquir
ing title to land and adjacent to the
water sheds of said Tuscarora and
Fishing Creek, which it now possesses