The Republican. [volume] (Oakland, Md.) 1877-current, 1933-06-01
PUBLIC LOCAL LAWS

Sec. 4. And be it further enacted,
That for the purpose of redeeming
said bonds at their maturity and for
securing the prompt payment of the
interest thereon, the Mayor and Coun-
Gil of Grantsville shall for the year
of the issue of said bonds and annu-
ally thereafter until the maturity of
said bonds, levy tax on the assessa-
BILE property of said town, not ex-
ceeding twenty-five cents on the one
hundred dollars to pay the interest
thereon, and the sum of one thousand
dollars for the principal of said debt
for the payment of the same at ma
turity. The said sum of one thousand
dollars shall be held and invested by
the Mayor and Council of Grantsville
as a sinking fund for the redemption
of said bonds at their maturity; and
the said Mayor and Council of Grants
vile shall from time to time deposit
the money belonging to said sinking
fund and the increment thereof in
some safe depository which pays in
terest on deposits, or shall invest the
same in State or other bonds satisfac-
tory to the said Mayor and Council
of Grar tsville as to them may seem
best. or IN the purchase or redemption
of any of said bonds as may be offer
ed for sale and redemption, and upon
the purchase of any such bonds by the
said Mayor and Council they shall be
Immediately cancelled by stamping
across their face Cancelled by the
sinking fund), and no portion of said
sinking fund so levied shall ever be
diverted to any other purpose than to
the purchase and Liquidation of said
bonds. The money collected each year
by the treasurer or tax collector on
account of taxes to the extent of said
sum of one thousand dollars shall be
set apart for said sinking fund, and
separate account shall be kept thereof
and be deposited to the credit of said
fund, and no part of which shall be
chargeable to insolvencies on account
of failure of assessments or collec-
tions.
Sec. 5. And be it further enacted,
That the money arising from the sale
of said bonds (Which bonds shall be
sold either at auction or by sealed
bids or at private sale, in the discre-
ton of the Mayor and CounciD shall
be deposited in banks to the credit of
said Mayor and Council of Grantsville
and subject to their check, and the
clerk of said town of Grantsville shall
keep a book to be specially provided
for the purpose of recording the
names and addresses of the purchas-
ers of the bonds sold and the amount
realized on the sales, together with
the serial numbers of the bonds.
Sec. 6. And be it further enacted,
That in any prosecution before JUS
tice of the Peace under Section 3 of
this Act, the accused and the Mayor
and Council shall have. the right of
appeal to the Circuit Court for Gar
rett County within thirty days to a
jury trial. Any person or persons
convicted before a Justice OF the
Peace under Section of this Act who
shall pray an appeal to the. said
Court, shall be held by recognizance
or be committed to the county Jail to
appear before the next regular jury
term of the Circuit Court for Garrett
County.
Sec. Z. And be it further enacted,
That the Mayor and Council OF
Grantsville be and they are hereby au-
thorized and empowered to negotl-
ate, sell and dispose Of the said bonds
as hereinbefore provided in Section 5
of this Act, or so many thereof as to
the Mayor and Council may be deemed
necessary for the purposes OF THIS
Act, and the said Mayor and Council
are fully authorized to make all nee
essary rules and regulations and to
pass all necessary ordinances, with
penalties for their violation, and to do
all other necessary acts for the proper
managing, maintaining and repairing
the said water works system and for
the protection thereof.
Sec. 8. And be it further enacted,
That the funds realized from the sale
of said bonds shall be applied to the
purposes of this Act and shall be PAID
by check signed by the Mayor and
President of the Council, and the SAID
Mayor and Council of Grantsville are
hereby authorized and empowered to
pass such orders for payment OF mon,
ey due for the construction OF SAID
water works or to the contractor or
contractors for the construction OF the
same, as shall, from time to time be
due or earned by the contractor or
contractors in the prosecution OF said
works, and also from time to time
to pass orders for the payment OF
property purchased or condemned, and
for material furnished in pursuance
of the provisions of this Act, and may
in it's discretion employ competent
photographed engineer to superln-
tend the work of constructing such
water. works.
Sec. 9. And be it further enacted,
That all Acts and parts of Acts IN
consistent with the provisions OF TINS
Act be and the same are hereby re-
pealed to the extent of their inconsls-
tency, providing that nothing herein
contained shall be taken as affecting
Chapter $40 of the Acts of Assembly
of 1914. nor as restricting any con-
troll which the State Board of Health
of MARYLAND is empowered to exercise
within the corporate limits of said
town.
Sec. 10. And be it further enacted,
That Chapter 282 of the Acts of 1881,
entitled IAN Act providing for the
issuing and sale of bonds by the May
or and Council of Grantsville for con-
structing, erecting and maintaining
water works in said Town of Grants
vile, condemn such land as may be
necessary for the building of said
works, and to levy taxes on the as
sessable property of said town to re-
deem said bonds and to pay the in
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