The citizen., 1914-07-10
PUBLIC LOCAL LAWS.
CHAPTER NO. 47S.

The Mayor and Aldermen of Freder-
ick to issue and sell bonds for sum
of money not exceeding one hundred
thousand dollars ($1OO, ,000.0O), for.
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 Be it enacted by the Gen
eral Assembly of Maryland, That the
Mavor and Aldermen of Frederick is
hereby authorized and empowered to
issue and sell bonds for sum OF
money not exceeding one hundred
thousand dollars ($100000 00), for the
purposes and under the conditions set
forth in this Act.
Sec. 2. Be it enacted, That the Mayor
and Aldermen of Frederick is hereby
authorized to prepare an ordnance, or
ordinances, 5Ltng 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 appropriated cost of each pro
posed improvement and repairs. and
the amoupt'Q be expended in acquir
ing title to lad and submit the same
to the dugy qua lifted voters of the City
of Frederick al any general election,
or at anHcRecial election or elections
which it @reby authorized to call
forfaEe l,e the ~ J5y Of the purposes aforel.
|lsl aNe '"e aid special election %
AeaJ 20 % d' be held at asicb time,
and '2ns gS andnd ii such manner as tihi4'i "
laajd The MAYOR and Aldermen sb all BIZ
ordinance. ordinances, provide, but
no suchMand 8 shall be issued and
sold uni be che duly qualified voters of
the City HeSrederick at any such cleo
ton, shan by 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
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 hundred
thousand dollars
Sec. 3. Be it enacted that The Mayor
and Aldermen of Frederick, upon the
approval by a majority of the qualified
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 OF
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
IS 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 aoo,,;r