The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1914-05-30
Rising Sun Bond Issue.

County," subtitle "Rising Sun, !"
by adding four additional Sections
thereto, providing for bonding the
Town of Rising Sun to pay for
water works now constructed, and
to provide for the construction and
installation of an electric light
plant, to supply water and light
for the inhabitants of said town,
and for other municipal improve
ments. and to submit the question
of issuing said bonds to the vote of
the legally qualified voters and tax
payers of said town.
SECTION l. Be it enacted by the General As
sembly of Maryland, That Article $, title
"Cecil County," subtitle "Risng sun" beand
the same Is hereby amended, by adding four
additional Sections thereto to come in after
Section 2sg-B, as amended by the Act of 1912,
Chapter 49, of the General Assembly of Mary
land, providing for lighting the streets, etc,
and supplying water for the use of the town of
Rising sun, and other municipal improve
ments, said Sections thereto to be numbered
2s9-C, 2s9-D 80 4 and 2S9-F, providing for the
bonding of said town.
2s9-C "lhe Commissioners of Rising sun"
are hereby authorized and empowered To
issue on the credit of said town of Rising sun,
bonds to an amount not exceeding seventeen
thousand dollars to pay for the water system
and water works already constructed, and
sidewalks already laid and for apparatus for
fire protection already furnished, and also To
issue on the credit OF said town, other bonds
to an amount not exceeding eight thousand
dollars, or 50 much thereof rs may be nrceS-
sary, for the purpose of constructing and in
stalling an electric light plant. and for other
Improvements, ior said town, if they shall
deem cXpcdicnt and necessary SO to do. said
bonds 10 be redeemable at period not eX-
cecding twenty years from the date at which
they are issued at the discretion of the said
"Ihe Commissioners of Rising sun" ut II rate
ofintcrcst not exceeding tiv" per ccntIim per
annum, payable Scmi-ilnnually, and the faith
and aSseS>able property ot the said town are
hereby pledged for the payment and redemp-
ton of the principal and Interest of said bonds
Said bonds shall be of denomination to be de
termincd by the Board OF commissioners and
shall he signed 10y the President of the said
Commissioners, sealed with the seal OF said
corporation and attcSted.
2Sg-D. Said bonds to be free from income
and municipal taxes.
2S!-E. II necessary in order to pay the in
tcrest ON said bonds and tn provid" IA sinking
fund for the redemption of the principal
thereof a. tin" same shall from time To time
mature. TIA" said Commissioners are hereby
authorized and empowered to levy AN adj
dtional tax beyond the limit fixed for the
regular town tax for said town on the assess
able property ofsaid town, a> may be nrccs-
>ary thereto.
2S.-E. Il fore the said bonds shall be issued
for any Of the purposes aforesaid, tine said
commissioners of Rising sun shall first
submit said proposition To bond said town To
the vote Of the legally qualified voters and
taxpayers of said town, Ia he held on some
date 10 h" fixed by them not earlier than one
month from the date OF the passage Of this
Act, and not later than six months from the
passage thereof; and fiat said election a ma
jority of the votes east al said election shall
approve OI the issue OF said bonds tpr the pur.
poses aforesaid. then iic said TIN Commits
mis>iuncr~ oi Rising sun" shall Issue said
bonds, in tur way aud manner. and tor the
purposes n"rriabctorr provided: and should "a
majority at said qualified voters and taNpay-
er> dccinr at said election against tho i>>uiug
ofSlid bonds. then this Act Is hereby repealed.
And the said "Thr Commissioners nf Rising
sun" are hereby fully authorized Ia pass al
necessary ordinances and to make necessary
appointments tor the purpo>" oI holding said
election and ;,>cerainin4 the true result.
see. :. .\md be- it enacted That this Act
Shall take rtlrc, from the date ot 1t, passage.
Approved March "a, 1914.
?. L. GOLDSBOROUGH,
Governor.
JAMES Nee. Triple,
Speaker of the House of Delegates.
JESSE D. PRICE,
President of the Senate.
Office Of the Chief Clerk of the House
hereby certify, That the aforegoing
is true copy of ar Act of the General
Assembly of Maryland, passed at the
January Session, 1914,
ALBERT j. ALMONEI,
Chief Clerk of the House.