EDWIN WARFIELD, ESQ., GOVERNOR.
|
689
|
sums of not less than fifty nor more than one thousand dollars.
|
 
|
each to be signed In the Mayor and countersigned by the Reg
|
 
|
ister of said city, with the corporate seal of said city thereto at-
|
 
|
tached, such bond.s to bear such date as may be determined
|
 
|
upon by the Mayor and City Council, and bear interest at a
|
 
|
rate not exceeding six per centum per annum, that may be de-
|
 
|
termined upon by the Mayor and City Council of Ellicott City,
|
 
|
payable annually for which interest proper coupons are to be
|
 
|
attached to said bonds to be signed by the Mayor of said city
|
Exempted
from taxa-
|
and conntersigned by the Register thereof, said bonds to be free
|
tion
|
from all county and municipal taxation.
|
 
|
SEC. 2. And be it enacted, That the said Mayor and City
|
The Im -
provement
|
Council may, if necessary, annually lew upon the assessable
|
Bond Fund
|
property of said city an additional tax sufficient to pay the in-
|
 
|
terest on said bonds, and to retire one thousand dollars or more
|
 
|
thereof annually , and that the money thus received shall be
|
 
|
known and kept as "The Improvement Bond Fund," and shall
|
 
|
be applied by the Mayor and City Council to the payment of
|
 
|
the principal and interest of said bonds, as aforesaid, and for
|
 
|
no other purpose whatever, and that said tax shall be collected
|
 
|
as all other taxes are now collected in Ellicott City.
|
 
|
SEC. 3. And be it enacted, That said bonds, at the pleasure
|
Bonds to be
sold at pub-
|
of said Mayor and City Council of Kllicott City, shall be sold
|
lic auction.
|
by them, at public auction to the highest bidder therefor, for not
|
 
|
less than par value in cash, after having given at least three
|
 
|
weeks' prior notice by advertisement inserted in one or more
|
 
|
newspapers published in Howard County and elsewhere, as the
|
 
|
said Mayor and City Council may select.
|
 
|
SEC. 4. And be if enacted. That before said Mayor and City
|
Qualified vot-
|
Council shall be authorized to issue any of said bonds, the qual-
|
terss to deter-
mine by bal
|
ified voters residing within the corporate limits of Ellicott City
|
lot
|
shall first determine by ballot in favor of issuing said bonds,
|
 
|
and the Mayor is hereby authorized, in accordance with the
|
 
|
ordinances ()f said city, to order an election to be held at such
|
 
|
time and place or places, as said Mayor and City Council may
|
 
|
determine, for the purpose of deciding whether said bonds shall
|
 
|
be issued, and the said ballots cast at said election shall contain
|
 
|
the words "For Water Bonds" and "Against Water Bonds,"
|
 
|
and if a majority of the votes cast shall be in favor of the
|
 
|
issuing of said bonds, then, and only then, shall the Mayor and
|
 
|
City Council be authorized to issue the bonds, as hereinbefore
|
 
|
provided.
|
 
|
SEC. 5. And be it enacted, That said Mayor and City Council
|
Empowered
|
are herebr authorized and empowered to condemn property for
|
to condemn
property.
|
the purposes of this Act, and in the manner and form prescribed
|
 
|
by Section 61 of Article 11 of the Code of Public Local Laws
|
 
|
title "Howard County," sub-title "Ellicott City."
|
 
|
SEC. 6. And be it enacted, That this Act shall take effect from
|
 
|
the date of its passage, and that all other Acts and parts of Acts
|
 
|
inconsistent herewith be and the same are hereby repealed.
Approved April 8, 1904.
|
 
|