The Republican. [volume] (Oakland, Md.) 1877-current, 1924-05-22

2
/ Council
Sor. : And be IL further enacted.
That for the purnose of retiring the
isaid bonds authorized to be issued bv
|t1is Act. and the pavmant of the in
to.est thereon, there shall be levied
I7Uafnzt all the assessabie prc1erty
within The corporate limits Of the said
town Of Kiiznillersville by the Mayor
land Town Council of Kitzmillcrsviiie,
Annually, SO long as any OF said bonds
Iare outstanding ard not paid, a tax
sufficient to meet the interest or any
part of said interest on said bonds
las it becomes due, and to pay the
Iprincipal thereof as they mature, said
1 tax to be determined, levied, collected
land paid over in the following man
Iner: at least 80 days before the tax
! levying period of each year the sad
/ Mayor and Town Council of kitzmil-
lersville shall then determine the
amount necessary to be raised for tn,
ensuing year for the payment Of the
interest or such portion thereof and
|proportionate part of the principal Of
said bonds in any one year to be de
/ termined by the usual table of re
demption of bonds by annual deposits
in a sinking fund on interest, and af
ter deducting all amounts in hand APP
plicable to payment of interest and
principal on said bonds, as herein
after provided, it shall determine the
number of cents per 500 necessary
to raise the said amount, and the said
Mayor and Town Council of Kitzmil-
lersville in their next annual levy
shall levy said tax on all land and
improvements and any other property
assessed for municipal purposes with
in said town of charlottesville, which
tax shall be levied and collected as
the said town taxes now are or may be
hereafter by law levied and collected,
and have the same priority rights,
bear the same interest ana penalties
and IN every respect. De treated the
same as SAID taxes 1of IHG town OIL
hlLZnlllerSVllIe now are Inc IaX SO
levied Tor the ensuing year Shali De
corrected oy the tax coIIectlIg aueHoI-
tues, ana every 81 days the SAID tax
collector snail remit the IuI amount
OF the tax so Collected 10 the mayor
and Town Council OF hltzmlllersVllle.
FROM the money so received UoSeUhef
with the amount IN hahd2 10 the credlI
OF sad oohd 1und, Saiu mayor ana
Town Councll OF hlIznllilefSViIle shall
llrSt pay ali interest on SAID pohoS as
1t natures, and shall then deposit IN
some bank or banks IN hltzmlllefs-
Vl-e IN their name as Iund to be
known as the Water Supply ana
sewerage SINKING Fund :ccount, the
amount so raised for payment OF the
pfinclpal OF SAID bonds. Should re-
celpts from SAID taxes or other sources
be inadequate to deposit the prncl-
pal payment OF said Don:s, by reason
OF defaults or otherwise, such den-
clency shall be added to and collected
in the next years tax. The Mayor
and Town Council OF kltzmilleIsvllle
are authorized to pay the interest on
any bonds they may issue prior to the
first tax levying period out of the pro-
ceeds of the sale of said bonds. In
order that the prompt payment of in
terest and the proper provision for
the payment Of the principal Of said
bonds shall be assured, the prompt
and proper performance of the re-
spective acts and duties heretofore
defined is specifically enjoined, and
ldlluIG upon lHe part Oh any person,
persons, body corporate or agent to
perform the necessary acts and duties
hereafter set forth, to pay over the
said funds as required, or to use said
funds or any part thereof for any
other purpose than for the payment
OF the principal and interest on sale
bonds, Is hereby declared INSIDE
meahof ana puhshaDle as other mis-
demeanors are punishable, by Section
10 OF tins Act.
Sec. O. And be 1t further enacted,
mat whenever the plans and speci-
hcatlons Tor SAID water supply and
sewerage system Tor SAID town shall
nave Deen completed and SAID Mayor
and Town Council of charlottesville
shall have decided, after opportunity
Tor nearing has been given, to pro-
ceed with the construction, they shall
advertise by notice IN such neWspap-
ers and technical press as they may
deem proper, for bids for the con-
structlon, OF SAID system, IN parts or
as whole, as in their Judgement may
appear advisable. The contract shall
be let to the lowest responsible bid
der, or the Mayor and Town Council
OF hltzmlllersvllle may reject any or
all bids, and If in their discretion the