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Proceedings of the Senate, 1900
Volume 96, Page 778   View pdf image (33K)
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778 JOURNAL OF PROCEEDINGS [Mar. 20

amount of one hundred and fifty thousand dollars, as
evidences of such loans; such certificates of indebtedness
shall each bear date the 1st day of July, 1900, and shall
not be Issued for less sums than one hundred dol-
lars or come multiple thereof; each of said certificates
of Indebtedness shall be signed by the Treasurer of the
State and countersigned by the Comptroller of the Treas-
ury thereof, and shall bear Interest at a rate not to
exceed 3.65 per centum per annum, payable semi-annu-
ally on the first day of January and the first day of July
of each year; such proportion of such certificates of in-
debtedness shall be registered, and such proportion shall
have interest coupons attached thereto, as said Governor,
Comptroller of the Treasury and Treasure; or a major-
ity of them, may determine; each of said certificates of
indebtedness shill be payable fifteen years after the
date thereof, bnt shall be redeemable at the pleasure of
the State of Maryland, after the firsi day of July, In
the year 1910, and each of said certificates of indebt-
edness, and the respective debts evidenced thereby,
shall be exempt from all State, county and municipal
taxation.

"Sec. 3. And be It enacted, That in order to provide
for the selling of the certificates of indebtedness afore-
said, issued under the provisions of this Act the Gov-
ernor. Comptroller of the Treasury and the Treasurer of
this State, or a majority of them, be and they are here-
by directed to advertise twice a week for six successive
weeks between the 1st day of April and the 14 day of
June, 1Q00, in two newspapers published in each of the
cities of Baltimore, Philadelphia and New York, that the
Treasurer of this State will be in readiness, between the
1st day of June and the 1st day of July, in the year
1900, to sell at such place or places as may be named in
said respective advertisements, the bonda or certificates
of indebtedness issued under the provisions of this Act,
under such regulations as may be made, in the discretion
of the said Governor, Comptroller of the Treasury and
Treasurer, or any two of them, and the accrued interest,
between the 1st day of July, 1900, and the time of the
acceptance, payment and delivery of the said bonds
shall be rebated to the purchasers thereof, under
such regulations as may be made in the discretion of


 
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Proceedings of the Senate, 1900
Volume 96, Page 778   View pdf image (33K)
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