Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1916-06-02

oLNEY-LAYToNSvILLE ROAD.
Chapter 499.

Commissioners of Montgomery county be
and they are hereby authorized and d.
rectedt to issue bonds in an amount not to
exceed the sum of Forty Thousand Dollars
($40, 000). for the purpose Of building and
improving the public road from the State
Road at 0lney. known as the Olney-Lay-
louisville Road. to the Laytonsville- Gath
ersburg Road within the First and Eighth
Election Districts of said County. dis
lance Of about Five and one-half miles,
and to levy and collect taxes from the
said First and Eighth Election Districts in
the following proportions. that is to say
In the First Election District--F orty
(40) per cent. and in the Eighth Election
District--Sixty (60) per cent. for the pay
ment of said bonds and the interest coupons
thereon as hereinafter set forth.
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
said county sum not to exceed Forty
Thousand Dollars ($4O.O00) for the pur-
pose of building and improving the public
road from the State Road at Olney to the
improved road from Laytonsville to Gath
ersbure, known as the 0lney-Laytons-
vile road, as herein provided The
said County Commissioners shall issue
coupon bonds under the corporate
seal Of said County for the amount
borrowed under the provisions of this
Act, the said bonds to be signed by the
President of the Board of County Com
missioners and the Clerk thereof. in sums
of not less than One Hundred Dollars
($100.00). and not more than
Five Hun dred Dollars ($500.00):
said bonds to bear interest from the date
of issue thereof at the rate of not
more than five (5) per cent 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 a dis
tinct reference to this Act authorizing
the issue.
Sec. 8. And be it further enacted, That
the bonds issued under the provisions of
this Act shall be redeemed as follows,
that is to say Not less than One
Thousand Dollars thereof in one year
from the date of their issue. and there
after annually One Thousand Dollars
a h and every year until
the whole amount of said bonds
and coupons shall have been fully paid;
and to this end the said County Commission
ers shall issue the said bonds in series,
redeemable in their proper order; and the
said bonds shall be sold after due adver-
tisement at public or private sale in the
discretion of the said County Commits
sioners. and none Of said bonds shall be
sold for less than par and accrued inter-
est.
Sec. 4. And be 1t further enacted, That |
the sid County Commissioners shall cause
taxable property Of the First and Eighth
Election Districts all additional tax /,
annually. sufficient to pay the said bonds
and interest as the said bonds and inter
est coupons may severally mature. as
herein provided; and the said additional
tax shall be levied: Forty (40) per cent |
in the First Election District and Sixty |
(8O per cent in the Eighth Election Dis
trict Of said County and the said special tax |
or levy shall be a lien upon the taxable |
property Of the said First and Eighth Elec-
ton Districts. and the said tax shall be COL
lected in like manner as other taxes levied |
in said County are collected. and when |
collected shall be applied. as hereinafter |
provided. to the payment Of the said bonds
as they severally mature and the interest |
thereof semi-annually which said bonds |
and coupons. when issued. shall be a lien |
against the taxable property Of said |
County. and be uncomfortable for any |
cause whatsoever; and the said bonds and |
coupons when issued, when redeemed, |
whether before or after maturity, shall |
be cancelled. and it shall be the duty Of |
the County Commissioners to cancel the |
same.
Sec. s. And be it further enacted, That |
the County Commissioners be and |
they are hereby authorized. empowered |
and directed to apply the proceeds Of the |
bond issue. herein authorized. to the ex-
tent Of Forty Thousand Dollars ($40.-
0O0.00). together with a certain dona-
ton of Four Thousand Dollars
($4.OO0). as hereinafter provided. to the
payment for and building an improved
public road from the State Road at 0lney,
known as the Olney-LaytonsviIle Road. to
the improved road from LaytonsviIle to
Gaithersburg In said County.
All building and improving authorized
under this Act to consist of the grading of
the said road. construction Of bridges and
culverts. and the construction thereon Of a
macadam or otherdurable surface according
to the plans and specifications approved by
the Road Superintendent for Montgomery
County.
Sec. 8. And be ii further enacted, That
the County Commissioners Of said County
are hereby authorized and empowered. in
their discretion, to relocate any part of
the present road bed Of said road.
Sec. 7. And be 1t further enacted, That
on or before the first day Of September. 1915,
upon such terms and conditions and the
execution and assurance by satisfactory
evidence in writing as the County
Commissioners may prescribe and deter
mine, there shall be donated to the Coun-
ty Commissioners Of said County the sum
Of -Four Thousand Dollars ($4.OOOO). to be
applied by them. in addition to the sum
Of Forty Thousand Dollars ($4O, 100000,
hereinafter provided. for the said building