1124

LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General Assembly of Mary-

To construct a

land, That the County Commissioners of Montgomery County

stone pike
road.

be and they are hereby authorized and directed to construct

a stone pike road over the county road between Wheaton Post-

office and the town of Kensington, in Montgomery County, not

less than twelve feet in width, before the first day of October,

in the year 1904; said road to be covered with broken stone

which will go through a two-inch ring, and to be rolled before

opened for travel ; and after completion thereof shall be main-

tained and kept in order by said County Commissioners as a

public road and highway.

Sec. 2. And be it enacted, That in order to providethe neces-

sary funds for the construction of said road, and the expense in-

cident thereto, the said County Commissioners be and they are

Issuance of

hereby authorized and directed to borrow on the credit of the

bonds to build
said road.

said county an amount not exceeding three thousand dollars, and

to issue coupon bonds therefor, under the corporate seal of said

County Commissioners, signed by the president of the Board

of County Commissioners and countersigned by the clerk there-

of, in sums not less than one hundred dollars nor more than

two hundred dollars, bearing interest from the date of issue

thereof at the rate of five per centum, payable semi-annually ;

which bonds shall be exempt from all taxation whatsoever, and

shall have printed on them a distinct reference to the Act au-

thorizing the issue.

SEC. 3. And be it enacted, That -said bonds shall be re-

Redemption
of bonds.

deemable as follows, that is to say, five hundred dollars thereof

in one year from the date of their issue, and thereafter an-

nually five hundred dollars each and every year, until the whole

amount so issued shall have been fully paid; and to this end

they shall be issued in six serials and redeemable in their proper

order ; any said bonds shall be sold after due advertisement, at

public or private sale, in the discretion of the County Com-

missioners; provided, however, that none of said bonds shall

be sold for less than par.

SEC. 4. And be it enacted, That the County Commission-

ers shall cause to be levied upon and collected from the taxable

property of the Fifth Collection District of said county, as a

Special im-

special improvement road tax, for said stone pike road an ad-

provement
road tax.

ditional tax annually, which shall be sufficient to pay the said

bonds as they severally mature, and the interest thereon, as

the same shall become due ; and the said tax shall be collected

in like manner as other taxes levied in said county are col-