Catoctin clarion., 1916-03-30
A BILL ENTITLED


county, to issue and sell bonds for sum
of money not exceeding Ten Thousand
Dollars ($1O, 00O. 00) for the purpose OF
the streets, lanes and alleys OF
said town of Thurmont, and to provide
for the levy and collection of all taxes
necessary for the payment of the inter-
est on said bonds, and for the creation OF
a sinking fund for their payment upon
Section l. Be it enacted, by the Cen
eral Assembly of Maryland, that the Com
mssioners of Thurmont is hereby author
lied and empowered to issue and sell
bonds of said Corporation, for sum OF
money not exceeding Ten Thousand Dol
lars ($1O, 900. OO for the purpose of i'm
proving the streets, lanes and alleys of
said town of Thurmont, in Frederick
county, Maryland.
Section 2. And be it enacted, that the
bonds authorized to be issued under the
provisions of this Act, shall be issued in
sums of not less than One Hundred Dol
lars ($l0O. 00), nor more than One Thous-
and Dollars ($1, 000 O0 each, and each OF
said bonds shall be payable twenty years
after date to bearer; redeemable, how
ever, at the pleasure of the Commission
ers of Thurmont at any time after the
expiration of five years from their re-
spective dates; and the said bonds shall
bear interest in the meantime at rate
not exceeding five and one-half per cent
per annum, payable semi-annually, ac-
cording to the tenor of the coupons, for
said interest to be attached to said bonds,
and the bonds hereby authorized to be
issued under the provisions of this Act
are hereby exempt from town and county
taxation in Frederick county.
Section 8. And be it enacted, that the
Commissioners of Thurmont are hereby
authorized and empowered to sell said
bonds by bid upon sealed proposals, after
having given at least three weeks prior
notice by advertisement in newspaper
published in Frederick county, and such
other notice as the Commissioners of
Thurmont may think proper; provided,
however, said bonds shall not be sold ex-
cept for cash; and it is further and ex-
pressly provided that none of said bonds
shall be sold at less than their par value.
Section 4. Be it enacted, that the Com
missioners of Thurmont shall have full
power and authority, and are hereby re-
quired to levy all necessary taxes upon
property within the taxable limits of said
not exceeding twenty cents
(20c) on the One Hundred Dollars ($lOO)
in addition to the amount now levied for
the general purposes Of said town for the
of the interest on said bonds
hereby authorized to be issued, and for
the payment of the principal thereof
upon the maturity of said bonds, and
shall create sinking fund for that pur-
pose. And the said Commissioners of
Thurmont are further authorized and en-
powered to pass all ordinances and to do
all things necessary for the issuance of
said bonds, and their offering for sale in
accordance with the provisions and con-
ditions contained in this Act.
Section 5. Provided, that before this
Act shall become operative, to authorize
the said Commissioners Of Thurmont to
issue said bonds, the question shall be
submitted to the qualified voters of Thur
mont at the regular general election, or
at some special election provided for the
purpose, for the approval or rejection by
such qualified voters, and in pursuance
of the suggestion of an ordinance to be
passed therefor, of which election and the
fact that the question is to be submitted
to the voters, notice shall be given for at
least ten days previous to such election,
posted in five or more public places in
said town, and also by at least one inser-
ton in a newspaper published in said
town, explaining to the qualified voters
the question to be submitted; at which
election the qualified voters of Thurmont
shall determine by ballot whether the
bonds hereinbefore provided for shall be
issued or not; and at which election there
shall be written or printed on the ballots
of said voters the words "for issue of
bonds and against issue of bonds, y
and if majority of the ballots cast shall
contain the words ''for issue of bonds y
then this Act shall become operative and
binding; but if the majority of said bal
lots shall contain the words 'against
issue of bonds,' shall be void and of no
effect, and the judges Of said election, or
a majority of them, shall return to the
Mayor of said town the number of bal
lots cast ''for issue of bonds and
against issue of bonds" respectively,
and the said President of the Board of
Commissioners shall announce the result
thereof
Section 6. And be it enacted that if
the question of the issue of bonds as
hereinbefore provided shall not be sub
mitted to the qualified voters at any reg
ular general election, then it shall be law
full, and the said Commissioners of Thur
mont are hereby authorized to cause a
special election to be held in Thurmont
at such time and place as may be fixed
by an ordinance for that purpose, and
shall appoint three judges of election who
shall conduct the same in the manner
prescribed by said ordinance, after CIV
ing at least ten days previous notice
thereof, posted in five or more public
places in said town, at which said special
election the qualified voters of Thurmont