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Session Laws, 1912
Volume 370, Page 1407   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 1407

which said bonds shall be signed by the Mayor and the clerk
and treasurer of said town, each of the said bonds to be of the

sum of one hundred dollars ($100) and to bear interest from
the date of issue thereof at a rate of not more than five and
one-half per centum per annum, payable semi-annually, and
which said interest to the maturity of each bond shall be pro-
vided for and set forth in the coupons attached to each of said
bonds, respectively, for the interest due and payable thereon,
and which said bonds shall have printed on them, and on the
coupons attached to them, a distinct reference to this act author-
izing the issue, and shall be forever exempt from all taxation by
the said town of Garrett Park for any purpose whatsoever; pro-
vided, that no bonds shall be issued except upon the following
conditions: The Mayor and council may recommend the initial
issuance of bonds for such portion of the fourteen thousand dol-
lars ($14,000) as may be by them deemed expedient; thr

clerk and treasurer of the town shall then, within one week,
prepare and mail to each resident of the town of the age of
twenty-one years or over who shall have within the previous
twelve months paid taxes to the town for sanitary service or
sewer service for not less than six months, a form of ballot
which shall state clearly the purpose and the amount of the
proposed bond issue and contain spaces for the vote and signa-
ture of the voter; said ballot shall be returnable in a sealed

envelope to the clerk and treasurer of the town before 8 o'clock
P. M. on a day to be specified and shown on the ballot, which

day shall be two weeks from the date on which said ballot is
mailed to the taxpayer herein referred to. At the time so speci-
fied the Mayor and council shall publicly open and canvass
the ballots; each ballot so returned bearing the signature of a
resident of the town Avho shall have within the previous twelve
months paid taxes to the town for sanitary service or sewer
service for not less than six months shall be counted, and if

as many as two-thirds (2/3) of all the votes so returned shall
signify approval of the bond issue, the Mayor and council
shall proceed to effect the said bond issue in the manner here-
inafter provided, and the Mayor and the clerk and the treasurer
shall within ten days thereafter, file with the clerk of the Cir-
cuit Court for Montgomery County all the ballots cast, and a

sworn statement of the total number of ballots returned under
the foregoing provisions of this act, and with a copy of this
act. Subsequent issues of bonds may be authorized in the same
manner as hereinbefore provided for the initial issuance, except
that the recommendation for such subsequent issuance of bonds
shall be made by the Sewerage Commission of Garrett Park

 

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Session Laws, 1912
Volume 370, Page 1407   View pdf image
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