Volume 190, Page 1947 View pdf image (33K) |
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1872.] OF THE SENATE. 341 county to be different from every other county, and thus attract capital, by legislative favor, to one part of the State to the injury of all the other sections. I cannot resist the conclusion, that this provision fixing the rate of interest at seven per cent. is in violation of the spirit, if not the letter of the Constitution. For these reasons, I am compelled to return this bill without my approval, that such action may be taken, as required by the Constitution in such cases. WM. PINKNEY WHYTE, Governor. Which was read, and The Senate proceeded, as the Constitution provides, to re- consider the bill, entitled an Act directing the County Com- missioners of Washington county, to issue bonds to build a Court House in said county, and appointing Commissioners to contract to erect the same, returned by the Governor- to. the Senate with his objections. Which bill is in the following words, to-wit: AN ACT Directing the County Commissioners of Washington County to' issue Bonds to raise money to build a Court House in said County, and appointing Commissioners to contract to erect the same. SECTION 1. Be it enacted by the General Assembly of Mary- land, That the County Commissioners of Washington county be, and they are hereby, required to issue bonds in denomi- nations of not less than five hundred, and not more than one thousand dollars, to be signed by the President or" said; Board of County Commissioners, and attested by the Clerk of said Board, made payable to bearer for a sum not exceeds ing seventy-five thousand dollars, bearing interest at the" rate of seven per cent. per annum, payable semi-annnally, on the first day of January, and the first day of July, of each year, lor which interest proper coupons are to be at- tached to said bonds, signed by the President of said County Commissioners. SEC. 2. And be it enacted, That said bonds shall be issued so that an instalment of five thousand dollars of the princi- pal sum thereof shall become due and payable on the first day of July, eighteen hundred and seventy-three, and a like sum or instalment of five thousand dollars of said bonds, each and every successive first day of July thereafter, until all of said bonds so issued shall have been paid as required, and that paid bonds shall be ready for sale by the first day of April, eighteen hundred and seventy-two, and shall be sold by said county |
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Volume 190, Page 1947 View pdf image (33K) |
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