Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1914-03-27
KILL THE VICIOUS BILL.

attempted to be fastened upon peo-
bic is now icing attempted at An
nap,lis to be put upon the taxpayers
Of tins county.
Il isa bold aud braz.n attempt to
Saddle heavy bonded Indebtedness
for selfish ends OF speculative pnr-
poses upon the taxpayers OF thl'
county under the guise OF progress
and the counsy's COOL
Ia the remote section OF the coun-
~ the Washington, Potomac and
Chesapeake Railway Company, has
eight and hall miles Of Railway, a
connecting lirk Of TIE line OF said
Railway between Prince Georges
and St. Mary's county.
It is already completed and trains
are daily running over the same. As
10 the portion ru ming through St
MIary's county it is uncompleted aad
as 70 the portion running through
Prince Georges county no portion
has been built at ALL
Now comes along some New York
promoters. with some local iuhasnee'
b. perfume the transaction, and seek
% enact into law a scheme to build
the line Of the said Railroad retend-
ingIy at the expense of the Counties
Of Prince Geo ge's, Charles and ST
Mary's.
The plan Of the pr position Is' tha'
they, the promoters, will complete
and make ready the linz IN It's en-
tirsiy from Washington city t sons
point on the Patuxent river for th'
operation Of trains where-upon The
said thres COUNTIES are to suoscf'o'
to large bulk Of the stock OF sh'
said Railroad Company bearing hv'
pei cent interes. payable when earned
for a like amount bearing five pc
cent interest payable in cash ard, a
the hill was originally introduced i
the Senate by Senator Mudd no pro
lection whatever is given the couu
ties to look after their interest.
1t was further stated that Cha'le
county would be called upon for il
c,ntrit ution when the road was co q
pieted, supposedly in It's entirety
When the bill esme to light, how
ever, i. contained no sush provision
but was filed with hidsous snakes
Here is the bill:
SECTION 1. Be il enacted by tn
General A assembly of Maryland, Tha
the County Commissioners of Charlie
County be and they are hereb.
authorized and directed in the name o
a, d for the said Charles County, b
subscribe for aud hold either or boil
ard in such proportions as they ma,
deem best and at the par value there
Of. income bonds or the preferred CAPT
TAI stock Of the Washington, Potoma'
aud Chesapeake Railway Company, I
body corporate, duly incorporated IN
der the laws OF the State Ct Maryland
Of its successors, assigns, to the a
mount Of one Hundred and Fifty
4 ousand Dollars $50. 0O0l.
SEC. 2. And be it enacted, For the
purpose of meeting the said subscrip-
lion to the said stock or the income
bonds of the said Washington, Poto-
nae and Chesapeake Railway Company,
its successors or assigns, as heretofore
provided, the said County Commits
xiuner5 Of Charles County be and they
are hereby authorized and empowered
TO issue bonds in the name of the said
County. of denominations OF not less
than Fifty Dollars $50 nor more than
One Thousand Dollars Isl ,oOO), bear
my interest at the rate OF five percent.
(5ss) per annum. payable at period OF
NOT more than fifty t50l years from the
date OF their issue, and TO each OF the
bonds 5, all be attached coupons for
the pa, msnt OF interest thereon, pay
able seiA-annuailv, which said coupons
shall be received in payment OF any
County taxes by the County Commits
sisners Of said County.
SEC. 3. And be it enacted, That the
said bonds shall be exempt from State,
County and municipal taxation, and
the faith and credit OF Charles county
Is hereby pledged for the payment Of
tbs said interest and the REDEEM ,,tion OF
the said bonds at maturity.
SEC. 4. And be It enacted, That the
County Commissioners of said Coanty
shall lew from time to time on the as
sessable property Of the raid COMPANY
such sum or sums .of money as shall,
In their discretion, be proper and nee
essary for the prompt payment OF the
interest Of said bonds and the principal
when due.
SEC. 5. And be It enacted, That al
sums levied on account Of the principal
Of said bonds shall be collected by the
County treasurer of Charles County
or any other officer or officers who
shall b. authorized by law to collect
State taxes in said County, or if there
shall be at any time no State tax levied
BY law. then 10 that case, by suci
County Treasurer, Collector officer OF
officers az may be by law authorized te
collect the County taxes in sale
County, and the said money when 81
collected, shall be subject to the order
of the County Commissioners of Charlie.
County, and shall be by the said County
Commissioners deposited In some fnan
cial or banking institution Of sale
county to meet the interest upon SAID
bonds and to create sinking fund fol
the redemption of said bond'
at maturity, and a statement o.
the condition Of said sinking fund. to BE-
certified to by the cashier of said
financial or banking institution where
the sinking fund is deposited, shall
publish each year during the first week
in January IN the papers doing the
County's printing; or the said County
Commissioners may invest said sinking
fund in the purchase of the bonds hereby
authorized TO be issued, or the stock
aud bonds of this state or of other
states Of the Union, or OF the City OF
baltimore, or Of the Counties or
municipalities Of the State, for che pur-
..-. - ..~..fsrr a cfntfno fund f0r. fba