Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1916-02-24

the PROVISIONS OF this Act provided
that the petitioners Tor such i'm
progement shall agree To- contributs
iS:'Ash Or labor an amonat not rs.
than one half Of said estimate. al
Of said money to Be expended under
1.-THE direction Of the County Roads
Commission
SIC. o. The County Commits.
TONERS Of St. Mays County are
hereby authorized. required and d.
rected 70 turn over 70 the County
Roads Commission. created BY this
Act, within fifteen tl5) days after
said commission shall have organi-
zed IN accordance with the provis-
ions Of this Act, al the implements,
machinery, tools and appliances Of
all kinds now owned by vt. Mary
County and used Tor working on tile
public roads and bridges Of said
county, and further to turn over to
said County Roads Commission all
moneys now in their hands or that
win come into their hands by virtue
Of all statutes OF sections thereof in
existence prior 10 the passage Of
this Act; and winch b. nj! prior
Statutes or sections thereof the said
County Commissioner were authroi-
zed 10 expend on the public roads
and bridges Of 81. Mary's County
Sac. 2 The County Commits
sioners Of 81. Mays County shall,
and they are hereby authorized, re-
qaired and directed. Is their levy
for 1917 and annually thereafter,
20 levy 4 sum ~ money not less
than ten lhoasanS dollars tslo.ooo.)
nor more than fifteen thousand dol
lars lsi6. 0O0.lt 10 BE- turned over by
the County Treasurer when collect
ed by him 10 The County Roads
Commission 70 be uspd l,y said
commission Is follows
A portion sufficient 10 create q
sinking fund 10 redeem ire bonded
indebtedness hereinafter provided
fcr and q pay t6e interest thereon.
shall h. reserved rs said commissions
and rs them deposited IN eqnal and
exact proportion A. mar az il !. poa-
sible TO divide same, IL the savings
departments q the First National
Bank Of ST. Mays, Ieonardtown,
Md. The I.eonardsown Bank Of the
Eastern Shore Srust Company,
Ieonar,ltown, Md, and the Natl
onal Bank Of Meehanicsyilie. Ne.
chanicsville. Nd. the said three
tanks being al the banks now do
ing general banking hnsincss ~
Sc Marys County, AMI the sad
sinking fand shall draw interest at
The usual rate per annum 81 not
lns than threc and one .hslf per
cent. per annan paid by said bank.
Ink institutions on savings accounts,
thu remainder 81 said amount here.
II aniherssesl. r.fuired snd directed
90 be levied bs said County Com
missioncrs; TO BE- expended by the
County Roads Commission FOR the
maintenance and repair 81 the pub
~ roads aud bridges il said county
SIC. 5. For the purpose 81 pro
vidinR for said expenditures Tor the
construction, improvement aud
maintenance u said public roads
and bridge in said county, loan
u hereby created. 10 bc called THE
County Road Loan, 70 the amount
81 one hundred and fifty thousand
dollars lsiso.oooD the said loan 10
bear date o. follows twenty eve
tho laand dollars ss25,oool 70 be
known a. series A Jaly /, 1915;
twenty -hye Thousand dollars tsg5,
oool to be- known as series B Jan. ],
1917; twenty-five thousand dollars
1926. ooo) 70 b. known a. series G
Jan. /, l9is; twenty five thousand
dollars lsQ5.oool 10 BE- known as
series ID Jan. Il. 1919: twenty five
thousand dollars tsq5, Oo0l to be
known ~ SERIES + Jan. /. 1920;
twenty-five Thousand dollars 1896
Oool to be known as series + Jan. ! !.
1921, and ahall bear interest ii q
rate 70 be fixed by the said County
Roads Commission 81 a majority Of
them, not 70 exceed Rve per cent.
per annam. payable on the first day
Of July and the first day q January
In each year; and the said loan and
every part thereof and the interest
payable thereon, shall be and re-
main exempt from State, County
and municipal taxation; and the
principal amount Of said loan shall
be payable twenty t2o) years after
the date Of said respective series,
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