The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1922-08-18

CHAPTER iVi
AN ACT to authorize and empower "a Commits
Son to acquire by purchase condemnation or
otherwise. the bridge over the SuSuleh anna
River between Havre de Grace aud ierryvlle
used for sehicular aud foot passenger traffic,
with the approaches. easements. land. roads.
rights. and franchises. belong ing to any per-
son Or corporation necessary or convenient
Tor the purposes specified. and to authorize
the creation of state debt in the aggregate
amount of seven hundred thousand dollars
lsOO,OOO.0Ob or such thereof as ~ necessary
for the acquisition Of said bridge. and pro-
NldnH generally for the Issue and sale of
certificates OF indebtedness evidencinp said
loan. to carry out the provisions of this Act.
AMI liking certain regulations regarding the
maintenance of said bridge and tolls thereon
after II has been acquired.
SECTION be Il enacted by the General
Assembly Of Maryland. That the state Roads
Commission of Maryland be and II In hereby
authorized and empowered, In the exercise OF
the power conferred by Section ~ Of Article
~ of the Annotated Code of Maryland. and
IN no way in Limitation of the power con
ferred. to acquire by purchase. condemnation
| or otherwise (and when 50 acquired to muin.
tatnl the bridge over the Susluehannu River
between Hnvre de Grace. In Hartford County.
and Perryvilie IN Cecil County. used for vr-
hlcuiar md foot passenger traffic together with
all lands. roads. approaches. rights franchises
| and easements belonging to any person or cor
porntion. and necessary or convenient for the
~ of the Annotated Code Of Maryland. provided
that the price whether fixed by agreement aH
| hereinafter provided ar by condemnation. shall
not exceed the sum Of six hundred ninety
Thousand dollars tS6HO. OO0. 0O).
Section 2. And he II further enacted. That
| thu Chairman nf the state Roads Commission.
u member of the Public Seryic. Commission,
and the Attorney -tienerai Of Maryland he aud
they nrs heIehy constituted u Commission for
tho purposes of this Section. aud said Commits
aion Is herewith authorized 10 make m offer on
h.la ~ A....
eNreednp Sin Hundred and Ninety Thousand
Dollars ts6bO. O0O) To the iiavre de Grace aud
Prrryville bridge Company, u body corporate.
| tor to it's SUCCESSORS In iniereAi) for the said
bridge. land. roads. approaches. rights. fran
'hiHe" aud easements Ut sah Company. Tor It's
nurcessors In intrrrSil and " said liavre de
| Grace aud Prrryville III dRr Company Tor Its
HurreHAorA IN ihtrr"Alb shall IN writing accept
within twenty days thereafter said offer nj the
| Stat" of Maryland and shall plv. said State III
MARYLAND written option Of purchase for
ninety days ut y sum not exceeding SiN Hun.
| drrd aud Ninety thousand Dollars iSGpO 0OUI
then the BoarL Of Public Works. US hereinnf.
ter dirrcisd shall upon the nniihcntion uf the
rereip, nf said option by the Chairman Of the
state Roads Commission, ut once proceed tn
sell said HUndH. aE hereinafter directed for the
rurlDse Of acquiring by purchase ~ Il bridge,
land. roads. approaches, rights. franchises, and
| snaementa, Hut " said IInvTe de Grace and
Prrryvila Bridge Company. tor it's successors
~ INTEREST," shall fall Ia accept the offer IN
behnlf of the State Of Maryland and fail To
|
| toned. then the said Continuation IL hereby
| authorized To acquire said bridge land. roads.
| approaches. rights, franchise, aud eaAenrntp
| by condemnation In accordance with the prn.
Nlhlohh Of Article 3lA Of the Annotated Code
ot Maryland by proceedings Instituted In either
| the Circuit Court for Hartford County or the
| Circuit Court for Cecil County m the said
| State Roads Comm HHnn shall elect provided
| that the cnst of said property shall not exceed
| the sum Of Six Hundred and Ninety Thousand
Dollar" N9oo'oool and further provided. that
| tn" state Roads Commission of Maryland shall
| forthwith institute the condemnation herein
| referred to. II any Of tho things To be done or
| agreed upon In this section are not alta ned
within the time limit or limits herein set forth,
| See, D. And he further enacted. That Tor
| the purpose nf raising the money necessary Ia
| carry out the provisions of this Act, u lonn
| In hereby created To he known as the "SuSuue.
| hanna Bridge Loan Of 1922" to an amount not
| 10 exceed h.ven hundred thousand dollars
| ls7oo.O1Ob. Said loan shall be dated with II
| date Of thirty 900 days after the date on
| which prize Is determined for the purchase
| Of sad bridge. either by agreement, condem
| nation. or otherwise, aud shall bear interest
a. rats fixed by the tloysrnor, the Comptroller
NJ tho Treasury and the Treasurer Of the State
| or majority 0f them, not To exceed fur and
| One~hhlf an per rentum per annuni, and the
| said interest shall be paid rni-annuRily. and
| the said loan and every pnrt thereof. and the
| interest payable thereon, shall he and remain
| exempt from state. county and municipal tax
alton and the principal amount Of said loan
shat bo pHd upon the serial annuity plan
Il
tlID years after the issuance thereof
| Zee I. And bs II further enacted, That In
| issuing the certificates Of indebtedness for said
| loan IN herein provided IN Section 3, the Gov
| ernor the Comptroller 0f the Treasury and the
| Treasurer Of this state ar u majority Of them.
| shall Issue said certificates according 10 what
iH known Us the serial annuity plan. and each
| series M issued HhnlI he ieitered beginning
| with tho letter "A" and NJ down the alphabet
Until the snid amount 0f seven hundred th0uH-
| mud dGlhrH it7OO,0OD.bOI or 80 much thereof
Lac. l...,-
issued. 30 that tho "niir" principal shall be- re-
de~mnble ~ follows.
Series AbO.OOO.OO I yenr from date fixed
| fnr said loan. Series u $50, BD0 90 years
| from date fixed for said loan. Series & $780,
| 10000 : yrnrS from date fixed for Anld loan
| Series u 500 90 years from date hxed
| for said lohn Series " $50, 900 % D yearu
| from date hked for said loan. Series
sbO.0OO.O0 years from date fixed for nnid
lnnn Series 100000 years from date Ak
ed far said loan, Ser.rN II, 100000 4 years
| irom date Fixed for said loan Series 500.
OOOO years from date fixed far said loan
| Series J $50 900 90 10 years from date fixed
| for Enid loan Series X $50. 100000 ~ years
| from date fKed for said loan. Series I. $50.
| 10000 ~ years frUm date nEsd for said loan
SERIES ~ years frum date fixed for said
| loan SerirH $50. 90 ~ years fran date
hsed for said loan.
| S"c o. Aud ba u further enacted. That the
| G1vsrn0r. Comptroller Of the Treasury and
| Treasurer constituting tho hoard Of Public
| Works. or majority of them, are hereby
| authorized and directed to have prepared pr0p.
| or certificates Of indehtaIneHA Of the State In
| good and sufficient To Aggregate the amount nf
| seven hundred thousand dOllnrA (S7OU 0BOl, nt
| so much thereof M may be- necessary for the
| PURPOSES Of this Act. IN evidence of such loan :
| such certificates Of iDdeltednsHa shslI benr date
| aA Of the time Of their Issue aa urnv ,i.d In
| Section 3 OF this Act and shall not bo issued
| In less sums than one hundred dollars fsIOO.
| 0D) or any multiple thereof Each Of said GER
| tifrRiea shall be- signed by the Treasurer of
| the State and count.rniyned by the CornutroIIer
| Of thu Treasury and shall hear Interest nj the
| rate fixed by r.solution Of said Uoard of Pub.
| liz Works payable semi annually; mud n nor.
tiOn or all nf snid certificates tnsy he red
| u nd the said certificates or any npr,Ion th.r.,f
| shall have Int.r.st rn,inona attached nil ~
| the Governor Iofnpt roller Of the TREASURY and
| Treasurer or a mn Iprity Of them sbnlI deter
| mine
| See q And be II further enacted. Tint In
| order 10 provide for IN, selling Of IN, rrr, A.
| rnt.a Of Ind.bt rdnrps Aforesaid 10 b, issued
| under the prDyIsiDnH Of this Act In. I,,vrrnn,
Cofnptr roller Of the Tt.naury and the Tre.s,,rer
| of this State, or u majority Of them. are here
| by directed to adyertIs. tvIr. N weeL lar Jn,,r
| AurrpHEIys weeks befor. the Enid rertIBl.,.. nj
| Indebtedness or any uart tb,r.nf sbaII n. i..,,
| ed. In two n.wspnprrs pubIIEh.J In m. civ
| Of baltimore thu, tho Treasurer Of this g,n,.
| nbl days after the ,SpIration NJ said n,,ico IN
| rere va bids nj such MAC. or ,Iar.a NAV bs
| named In said respective ndy,rtIs.m.nis for