Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1917-09-06
A BY-LAWlI
Imposing the Tax Rate for the Fiscal
Year Ending June 80, 1918.

SECTION BE it established and or
dained by the Mayor, Counselor and
Aldermen of the City of Annapolis,
that the tax rate of ninety-five cents be
and the same is hereby, imposed on
each one hundred dollars of assessable
property in the City of Annapolis, for
the fiscal year ending June 80, 1918, to
be collected pursuant to the laws, as
contained in the Charter, and the By
Laws and Ordinances of the Mayor,
Counselor and Aldermen of the City of
Annapolis.
SECTION 2.-And be it further estab-
lished and ordained by the authority
aforesaid, that out of the amount named
in the first section of this Bylaw, the
sum of twelve and one half cents out of
each 95 cents collected, be. and the
same is hereby set apart for sinking
fund to pay the interest on the bonds
of the City of Annapolis, as required by
the Acts of the General Assembly of
Maryland, at the sessions of 1898. 1900,
1906 and 1910.
SECTION 3.-And be it further estab-
lished and ordained by the authority
aforesaid, that out of the amount
named in the said first section of this
Bylaw. the sum Of two cents
out of each ninety-five cents collected,
be, and the same is hereby, set apart
for sinking fund to meet the bonds
issued in the year 1898, upon maturity.
SECTION d. And be it further estab-
lished and ordained by the authority
aforesaid, that out of the amount
named in the said first section of this
By. Law, the sum of four and one-half
cents out of each 95 cents collected,
be, and the same is hereby, set apart
for a sinking fund to meet the bonds
issued in the year 1900, upon maturity.
SECTION Sand be it further es-
tablished and ordained by the authori-
ty aforesaid, that out of the amount
named in the said first section of this
Bylaw. the sum Of two cents out of
each ninety-five cents collected, be, and
the same is hereby set apart for a
sinking fund to meet the bonds issued
in the year 1906, upon maturity.
SECTION 6--And be it further estab-
lished and ordained by the authority
aforesaid, that out of the amount nam
ed in the first section of this Bylaw,
the sum of two cents out of each 95
cents collected, be, and the same is
hereby, set apart for sinking fund to
meet the bonds issued in the year 1910,
upon maturity.
SECTION 7.--And be it further estab-
lished and ordained by the authority
aforesaid, that it shall be the duty of
the Collector and Treasurer, to collect
the sums so set apart for the several
sinking funds, and to keep separate
receipts and accounts thereof, and 70
deposit the same to the credit of the
said sinking funds, as required by the
several Acts of Assembly and ordinan-
ces relating to, and providing for said
several bond issues, and to receive on
account thereof, nothing but current
money of the United States; and il
shall be the duty of the said Collector
and Treasurer. and he is hereby direc-
ted, to express on the tax bills, for the
said fiscal year that seventy-two cents
out of each ninety-five cents collected. is
for ordinary expenses of the City: and
that twelve and one-half cents out of
each 50 cents collected is for
sinking fund to pay the interest on the
bonds authorized by the different
Acts of Assembly as aforesaid
and that two cents out of each ninety
i've cents collected is for the sinking fund
for the payment of the bonds issued under
the authority of the Act of Assembly of
the year 1898; and that four and one
half cents out of each ninety-five cents
collected is for the sinking fund for
the payment of the bonds issuedl under
the authority Of the Acts of As
sembly of the year 1906; and that two
cents out of each 95 cents collected
IS for the payment Of the bonds issued
under the authority of the Act of AS
sembly. of the year 1910.
SECTION Sand be it established
and ordained by the authority afore-
said, that this Bylaw shall take eff
feet from date of its passage.
Approved July q, 1917.
JAMES F. STRANGE, Mayor.
True Copy Test
PHIL. E. PORTER. Clerk.