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Session Laws, 1912
Volume 370, Page 1408   View pdf image
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1408 LAWS or MARYLAND. [Ch. 790]

hereinafter provided for; the aggregate of all bond issues for
this purpose, however, shall not exceed the sum of fourteen
thousand dollars.

1910, ch. 366, sec. 2.

271. That the said bond so issued as aforesaid shall be
redeemable as follows, that is to say: Seven hundred dollars
($700) thereof in one year from the date of their issue, and
thereafter seven hundred ($700) dollars each and every year
until the whole amount of said bonds and coupons of all the
series making the total of fourteen thousand dollars ($14,000)
as authorized by this act, shall have been fully paid; provided,
however, that if an amount in bonds less than fourteen thousand
dollars ($14,000) issued at any time then the bonds of such
issue shall be redeemable in the above proportion annually, so
that the whole series and the whole issue of bonds' shall be paid
off and redeemed not more than twenty years from the date of
each and every bond issue; and be it further provided, that
where the amount required to be redeemed of any issue in any
given year is more than the even sum of any given number
of bonds, it shall be the duty and right of the said Mayor and
council to redeem and pay in the said year the whole of any
bond a part of which may be necessary to cover the amount
required to be redeemed in that year; and to this end the said
Mayor and council shall issue said bonds numbered in regular
order and redeemable as numbered, commencing with the lowest
numbers. The bonds of each issue shall be sold only after due
advertisement of not less than once a week for three weeks in
two papers published not less than once a week in Montgomery
county, Maryland, at public sale or at private sale, in the dis-
cretion of the said Mayor and council; provided that none of
the said bonds shall be sold for less than par. The clerk and
treasurer shall keep a book, to be especially provided, and
record therein the serial numbers of the bonds, and the names
and addresses of the original purchasers.

1910, ch. 366, sec. 3.

272. That the said Mayor and council of Garrett Park shall
have authority and are hereby empowered to levy annually a
special sewerage tax sufficient to pay such bonds as may be
issued, and the interest thereon, as the said bonds and interest
or coupons may severally mature, as herein provided, which said
special tax shall be levied against each town lot, or groups of
contiguous town lots, under one ownership, vacant or occupied,
which may be served by the said sewerage system, in such pro-
portion of the total amount required as the total number of
front feet in such lot or lots bear to the number of front

 

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Session Laws, 1912
Volume 370, Page 1408   View pdf image
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