64
In force.
Raise funds.
Issue coupon
bonds.
Receivable
for taxes.
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LAWS OF MARYLAND.
SEC. 3. Awl be if enacted, That tills Act shall take
effect on tire first day of January, eighteen hundred
and seventy-three.
Approved February 26, 1872.
CHAPTER 47.
AN ACT to authorize the Mayor and Councilmen
of the City of Cumberland, to issue bonds for the
purpose of providing for the payment of the debts,
other than bonded of said city, and for the exten-
sion of wafer mains throughout the portions of said
city, not yet provided therewith.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of raising the neces-
sary funds, to provide for the payment of the debts,
other than bonded of the City of Cumberland, now
due, or which shall become due, prior to the issuing
of the bonds hereinafter mentioned in this Act, and
to extend water mains throughout portions of said
city not yet provided therewith, the Mayor and Coun-
cilmen of the City of Cumberland, be and they are
hereby authorized and empowered to issue coupon
bonds of said city, to the amount of fifty thousand
dollars, payable not more than twenty years after
date with seven per cent. interest thereon, payable
semi-annually, which said bonds shall be signed by
the Mayor, attested by the corporate seal, and counter-signed by the Treasurer of said city, and said
coupons, after the maturity of the same, shall be re-
ceived in payment of all taxes and dues by said city,
and the said Mayor and Councilmen are hereby re-
quired to levy and collect annually a special tax, over
and above the ordinary taxes of said city, now levied
and collected, for the payment of the interest mi the
said bonds, and the creation of a special and distinct
sinking fund for the liquidation and redemption
thereof.
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