The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1914-12-04
Public Local Laws
published bv authority
CHAPTER 312.

the water system of said town and
building water filtration plant and to
paA off the floating debt of said town.
SECTION l. Be it enacted by the
General Assembly of Maryland, That
the Mayor and City Council of Laurel
be and they are hereby authorized and
empowered to borrow money on the
credit of the said town therefore for
the purpose of building sewer system
and sewer disposal plant in said town
and at such point or points adjacent
thereto as may be deemed necessary and
proper; for the purpose of extending
the water system and pipes to those
sections of the town not now provided
Herewith and for filtration of the
towns water supply, and to pay off the
floating debt of the said town, that is
to saw. for the building and installation
of sewer system and sewer disposal
plant, bonds in the sum of Fiftytwo
Thousand Dollars (S52, 100000 or for
so much thereof as may be found Deces-
sary; for the purpose Of extending the
water pipes and mains to all Sections
of the town not now provided with the
same and for building water filtration
plant, or such system as may be found
to best Clarity and purify the town
water supply, bonds not exceed the
sum of Twenty-three Thousand Dollars
($23, 90. OO); and for the purpose of pay
ing off the standing or floating debt OF
the town, bonds in the sum of Five
Thousand Dollars ($5,000.00) all of
which bonds shall run for period of
forty years and registered, and all of
the said bonds shall bear interest at the
rate of five per centum per annum,
which Interest shall be PAYABLE on the
first day Of January and July of each
year.
The said bonds shall be issued in de-
nominations of Five Hundred Dollars
1880 O0) and shall not be sold at less
han the par value of She same, and
shall be issued at such time as the said
Mayor and City Council of Laurel shall
determine, aud the said bonds shall be
exempt from all County and municipal
taxation.
SEC 2. And be it further enacted,
That for the purpose of redeemlng the
said bonds at their maturity and for Sc
curing the prompt payment of the in
terest thereupon, the Mayor and City
Council of Laurel shall for the veal of
the issue of said bonds and annually
thereafter, until the maturity Of said
bonds. levy tax on the assessable
properly of said town as follows, to
wit; not exceeding twenty-seven cents
on the one hundred dollars to pay the
interest on the bonds issued for build
ing sewers and sewer disposal plant
and to create a sinking fund to paw the
same at maturity; not exceeding twelve
cents on the one hundred dollars TO pay
the interest on the bonds issued for ex-
tending the water system and for build
ing said filtration plant and to create
sinking fund to pay the same at maturi-
ty; and not exceeding three cents on
the one hundred dollars to pay the in
terest or the bonds issued to pay the
standing or floating debt of the town
and to create sinking fund to pay the
same at maturity, which said sinking
fund or sinking funds for any issue OF
bonds under the provisions OF this Act
shall be the residue of the amount de-
rived from the special tax levied here
under, less the interest on Said bonds.
And the money belonging to said sink
ing fund or funds, and the increment
thereof shall, from time to time, be de-
posted in 5 ome safe depository which
pays interest on deposits, or be invest
I'd in the purchase and redemption, and
upon the purchase of any of said bonds
by the Mayor and City Council of Laur-
Ell they shall be Immediately cancelled
by writing or stamping across their face
the words Cancelled by the Sinking
Fund"
No portion of the said sinking fund
or funds so levied for shall ever be di-
verted to any other purpose than to the
purchase and liquidation of said bonds,
and should the said Mayor and City
Council of Laurel, or any other person
or persons having charge of said sink
ing fund or funds suffer or permit the
same or any part thereof to be diverted
from or applied to any other purpose
than the investment for the redemption
or purchase Of said bonds, the party so
offending shall be deemed guilty of a
mlsdemeanor, and on conviction there
of shall be subject to ii fine of not less
than the amount so mlssapplled or d.
verLed, or imprisoned for a term of not
less than six months or more than two
years, or both fined and imprisoned in
the discretion Of the Court.
SEC. 3. And be it enacted, That the
bonds herein provided to be issued by
the Mayor and City Council Of Laurel
shall be signed by the Mayor, counter
signed bv the Treasurer, and attested
by the Clerk 10 the City Council. with
the corporate seal of the town Of Laur-
sl attached
SEC. 4. And be it further enacted,
That the said Mayor ana City Council
of Laurel is hereby empowered to do
all acts and things necessary to issue and
sell said bond, a2d IT, d. al acts 2ad
things necessary To be done IN the buitd-
ing s. construction of the improvements
and additions herein provided for, iu-
Guiding the right to condemn any land
or premises needed for said purposes,
and to pass such ordinances in relation
to the same and for tue protection of
the same as may be expedient and
necessary.
SEC. 5. And be it enacted, That this
Act shall not be effective until one or
more or all of the appropriations here
in provided for shall have been sub
mitted to the qualified voters of the
town of Laurel, under the provisions of
the Charter of said town, being Chapter
695 of the Acts of 1912 of the General
Assem- bly, of Maryland, and one or more
of said propositions shall have been
ratified by majority Of the votes cast
at any election at which the same may
have been submitted, and the bonds
herein provided to be issued shall only
be issued for the purpose of carrying
out such proposition or propositions
herein set forth which shall have been
submitted to the qualified voters Of said
town at some general or special election
held to enable the said voters to decide
by ballot whether or not they desire
bonds issued for the Improvements
herein contemplated, and for the other
purposes herein set forth.
@:ssSEc. 6. And be it enacted, That the
said Mayor and City Council of Laurel
may submit any one or all of the pro-
positions in this Act set forth to the
nnalified voters of said town at anY