198

LAWS OF MARYLAND.

pletion of the Washington county Railroad and the

Western Maryland Railroad ; and, whereas, many of

the said bonds so as aforesaid issued, will become

due and payable in the years eighteen hundred and

seventy-four, eighteen hundred and seventy-five and

eighteen hundred and seventy-six : whereas, the

said County Commissioners will be unable at the

maturity of the said bonds, to obtain a sufficient sum

of money from taxation to pay the same ; therefore —

Barrow money.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That the County Commissioners of

Washington county, are hereby authorized and em-

powered to borrow such sum or sums of money on

the credit of said county, as may be sufficient to pay

off the bonds of Washington county, which were

issued by said county to aid in the completion of the

Washington county and Western Maryland Rail-

roads, falling due in the years eighteen hundred and

seventy four, eighteen hundred and seventy-five, and

January, eighteen hundred and seventy-six, and if

Issue Bonds

necessary to issue coupons bonds therefor, in sums

of not less than one hundred dollars nor more than

one thousand dollars, to be signed by the President

of the Board of County Commissioners of Washing-

ton county, bearing interest payable semi-annually

on the first days of January and July respectively;

said bonds to be sold by the said County Com-

missioners, and the proceeds applied to the payment

of said county bonds so as aforesaid, falling due in

the years eighteen hundred and seventy-four, eigh-

teen hundred and seventy-five, and January, eighteen

hundred and seventy-six.

Maturity.

SEC. 2. And be it enacted, That the said County Com-

missioners shall fix the time or times at which the

said bonds shall mature, not to extend beyond the

period of fifteen years from the date on which they

may be issued, and shall be made redeemable at the

pleasure of said County Commissioners, at or before

the maturity thereof.

Levy tax

SEC. 3. And be it enacted That the said County

Commissioners, are hereby authorized and empow-

ered to levy a tax upon the taxable property of

Washington county, in each and every year, sufficient

to pay the interest on said loan or bonds.