Evening capital. [volume] (Annapolis, Md.) 1922-1981, 1922-08-09
A BYLAW
Imposing the Tax Rate for the Fiscal
lear Ending June so. 1Y2S.


Section /. BE 1t established and or
iained by the Mayor, Counselor AMI Al
ieTmen Of the City of Annapols, that tue
AK rate of one hundred cents, be ana the
same is hereby imposed on each one nun.
bred dollars OF the assessable property in
che City of Annapolis for the nscal year
ending June 80, ly23 TO be collected pur-
suant to the laws Us contained IN the
Charter, and the bylaws and Ordinances
of, the Mayor, Counselor and Aldermen ot
The City of Annapolis.
Section 2 And be II further established
dnI ordained by the authority aforesaid
that out of the amount named in the nrst
section of this Law the sum of twelve
cents out of each one hundred cents col
lected be and the came Is hereby set apart
Tor the sinking fund to pay the interest
on the bonds OF the City OF Annapolis, as
fequired by the Acts of the General As
scmbly of Maryland at the sessions OF
1885, 1900, 1906, 1910 and IT,.
Section 3. And be 1t further established
and ordained by the authority aforesaid,
that out Of the amount named in the said
1rst section Of this Bylaw, the sum OF
one and one-third cents out of each one
hundred cents collected be and the same
IS hereby set apart for the sinking fund to
meet the bonds issued in the year 1S9s,
upon maturity.
aud ordained by the authority aforesaid
that out of the amount named In said first
section of this Bylaw, the sum u three
,ents out of each one hundred cents col.
for sinking fund to meet the bonds is
sued in the year 1900, upon maturity.
Section g. And be II further established
and ordained by the authority aforesaid
that out Of the amount named In the first
section of this BY Law. the sum of one
and one-third cents out of each one hun
dred cents collected be and the same Is
hereby set apart for a sinking fund to
meet the bonds issued In the year 1905,
upGn maturity.
Section 8. And be II further established
and ordained by the authority Aforesaid
that ont OF the amount named in the
said first section of this Bylaw the sum
Of one and one-third cents out of each one
hundred cents collected be and the same
is hereby set apart for q sinking fund to
meet the bonds issued in the year 1910,
upon maturity.
Seton 4 And be IL further established
and ordained by the authority aforesaid
that out Of the amount named in the said
drst section of this Bylaw the sum of
hree cents out of each one hundred cents
objected be and the sane is hereby set
ipart for a sinking fund to meet the pro-
posed bonds to be issued I'm 1922 upon
maturity.
Section g. And be IL further established
md ordained by the authority aforesaid
that 1t 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 there
Of. and to deposit the same to the credit
Of the said sinking funds. as required by
the several Acts and Ordinances relating
to and providing for said several bond is
sues. and to receive on account thereof
nothing hut current money Of the United
States. aud 1t shall be the duty of the
said Collector and Treasurer. and he is
hereby directed TO exprss on the tax bills
for the said fiscal year seventy eight cents
out Of each one hundred cents collected il
for the ordinary expenses of the city, and
that twelve cents out of each one hundred
cents collected Is for a sinking fund TO
pav the interest on the bonds authorized
by the different Acts of Assembly. as
afOrsaid: aud that one and onc-third co ts
out OF each one hundred cents collected II
The bonds issued under the authority of
the Act Of Assembly Of the year 1898: AMI
that three cents out Of each one hundred
cents collected Is for the linking fund for
he payment Of tho bonds issued uude.' the
authority OF the Act OF Assembly of the
year 1900: and that one and one third
tents out Of each one hundred cents col.
iectcd is for the sinking fund for the paw
ment of bonds issued for the year 1906 :
eacl one hundred cents collected IL for tie
sinking fund for the payment of bonds
issued for the year 1910: and that three
cents out of each one hundred cents col
lected IL for the sinking fund FOR the paw
ment of bonds proposed to be issued in
1922.
Section o. And be II established and or
this BYLAW ST. take effect from the
late of its passage.
Approved July 2s. 1922
SAMUEL JONES.
Attest: Mayer
EMMA ABBOTT GAGE.
City Clerk.