Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1916-06-09
Observation-Disclosures Road.

An Act authorizing and directing the
County Commissioners Of Montgo coun-
/ ty to issue bonds to an amount not to ex-
coed twenty thousand dollars ($20.000),
for the purpose Of building, improving and
relocating the public road from the State
Road at Jacksonville. known as the Pooles-
vile road, to the corporate limits Of POoles-
vile, in said Montgomery county. for a
distance Of four miles. more or less, pro-
vided that certain donations be made, as
hereinafter provided, to the said County
Commissioners to be applied by them for
the purposes herein; and to collect and
levy taxes in the Third Election District
OF said county for the payment Of said
bonds and interest coupons thereon
Section !. Be it enacted by the General
Assembly of Maryland. That the County
Commissioners of Montgomery county be
and they are hereby authorized and d.
rected to issue bonds in an amount not to
exceed twenty thousand dollars ($20000) |
for the purpose Of building and improving
and relocating the public road from the
State Road at Jacksonville, known as the
Poolesville road to the limits of Pooles-
vile, in Montgomery county. within the
Third Election District of said county; and
to levy and collect taxes in said Third
Election District of said county for the
payment OF said bonds and the coupons
thereon, as hereinafter stated.
Sec. 2. And be it further enacted, That
the said County Commissioners Of Mont
gomery county be and they are hereby
directed to borrow on the credit Of the said
county sum not to exceed twenty thou
sand dollars ($20.000) for the purpose of
building, improving and relocating the
public road from the State Road at Daw-
sonville to Poolesville for a distance of
vided; and the said County Commission
ers shall issue coupon bonds under the
corporate seal Of said County Commission
ers for the amount borrowed under the
provisions Of this Act. the said bonds to
be signed by the President of the Board
Of County Commissioners and counter
signed by the Clerk thereof. in sums not
less than one hundred dollars $500 and
not more than five hundred dollars ($500)
the said bonds to bear interest from the
date of issue thereof at the rate of not
more than five per centum per annum,
payable semi-annually. and which said
interest to the maturity of each Of said
bonds shall be provided for and set forth
in the coupons attached to each of said
bonds, respectively, for the interest due
and payable thereon. and which SAID
bonds shall have printed on them dis.
tinct reference to this Act authorizing
: their issue.
Sec. 3. And be it further enacted, That al
bonds issued under the provisions of thi,
Act shall be redeemable as follows, tha
is to say, not less than five hundred ($50O)
dollars thereof in one year from the dat,
Of their issue and thereafter annually fiv,
hundred dollars $500 each and every yea
until the whole amount Of said bonds anC
/ coupons shall have been fully paid: anC
, to this end the said County Commissioner
a shall issue the said bonds in series, re
deemable in their proper order; and tn,
said bonds shall be sold after due adver
n tisement at public or private sale in tn,
discretion of the County Commissioner
A and none Of said bonds shall be sold TO
less than par and accrued interest
:, Sec. 4. And be it further enacted. Tina
!, the said County Commissioners shall caus,
to be levied upon and collected from tn,
n taxable property Of the Third Election Dis
A trict Of said county an additional tax, an
nually sufficient to pay the said bond
: and interest as the said bonds and inter
est, or coupons. may severally mature, a,
provided herein; and the said special ia,
4, or levy shall be lien upon the taxabl,
property Of the said Third Election District
A like manner as other taxes levied in sale
!, county are collected. and when collected
shall be applied as hereinafter provided
n to the payment Of the said bonds as the,
a severally mature and the interest thereon
o semi-annually, which said bonds and cou
4 pons. when issued shall be lien upon tn,
taxable property of the said Montgomery
county and shall be noncontestable for an,
a cause whatsoever. and the said bonds anc
coupons, so issued. when redeemed. whether
: before or at maturity. shall be cancelled
and IL shall be the duty Of the said County
n Commissioners to Immediately cancel the
4 same
h Sec. S. And be il further enacted. That
|, the said County Commissioners be and
they are hereby authorized. empowered
! and directed to apply the proceeds Of the
( bond issue. herein authorized, to the extent