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LAWS OF MARYLAND.

CHAPTER 367.

AN ACT entitled an act to enable the commis-

sioners of Somerset county to provide a fund for

the redemption of outstanding county bonds.

Preamble

WHEREAS, the County Commissioners of Somer-

set county, in pursuance of the act of Assembly of
eighteen hundred and sixty-six, chapter eleven, did

issue bonds to the amount of fifty thousand dollars,

paying six per cent, interest, in semi-annual instal-

ments, which will fall due in the year eighteen hun-

dred and eighty-six, a part of which, by decree of

the Circuit Court for Somerset county, Wicomico

county now owes to Somerset, and must provide for;

and it is desirable to enable the County Commis-

sioners of Somerset county to provide for the residue

"of said bonds, and to retire the same before it is

due, if the same can be retired at a reasonable dis-

count; therefore —

SECTION 1. Be it enacted by the General Assembly of

Shall levy in
addition

Maryland, That the County Commissioners of Som-

erset county, at their next annual levy - after the

passage of this act, and at the annual levy in each

year thereafter, until the said bonds shall have

become due, or shall have been wholly retired, shall,.

in addition to their annual levy for interest on said

bonds, levy the sum of two thousand dollars towards

the principal of said bonds.

Receive sealed

SEC. 2. Be it enacted, That the said two thousand

proposals

dollars, when collected, shall be paid over to the

County Commissioners, together with interest there-

on, from the first day of January next succeeding

the levy until paid, and as soon as received the said

commissioners shall give notice by publication in

some newspaper published in Princess Anne, and in

Salisbury, for at least four successive weeks, fixing

a day to which they will receive sealed proposals

from bond holders, of the rate of discount at which

they will accept prepayment of their bonds, and the

person offering the largest abatement shall be enti-

tled to have his bond redeemed by said commission-

ers to the extent of funds in their hands for the

purpose ; provided, the abatement offered, in the

judgment of the commissioners, be such as to make