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Session Laws, 1912
Volume 370, Page 1511   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 1511

to be payable 25 years after issuance and redeemable after ten
years therefrom at the pleasure of the Mayor and Council; said
bonds shall be exempt from municipal, county and State taxa-
tion ; and the Mayor and Council in making their annual levy
of municipal taxes after said bonds are issued shall fix the rate
sufficient to provide for the payment of the interest on said
bonds and create a sinking fund for their redemption; provided,
that the question of such purchase, construction or bond issue
shall first be submitted to be passed on by the people of Somerset
at the regular annual election or a special election held for that
purpose after thirty days' public notice by the Council of inten-
tion to submit the question to the voters, said notice to be
posted in not less than three conspicuous places in the town and
published not less than three successive weeks in the official jpur-
nal of the town, or in a newspaper published in Montgomery
county, the first of which said newspaper publications shall not
be less than thirty days before said special election. The Mayor
or the clerk may, upon authority from the Council, purchase
real or personal property exposed for sale for taxes, as herein
elsewhere provided for, said purchase to be in the name and for
the use of the town; provided, that the sum bid shall not in
any case exceed the amount of delinquent taxes, interest, cost
and expenses. The town may afterward sell or convey the some
if not redeemed as herein elsewhere provided for.

1906, ch. 795, sec. 15.

549. That the said council shall, on or before the twelfth
day of May in each and every year cause an assessment to
be made of all property, real and personal, within said town,
by an assessor or assessors, to be appointed and paid by the
council, which said assessment shall not exceed the assessment
of the same for county purposes. The assessment shall be
returned by said assessor or assessors to the council on or before
the 20th day of May. The council shall give notice by post-
ing the same in at least three conspicuous places in said town,
and by advertisement inserted in the official journal of the
town, or in some newspaper published in Montgomery county
once in each of two successive weeks before the first day of
June in each year, that said assessment returns will be in the
hands of the clerk and open to inspection by any person inter-
ested on and after the 25th day of May, and that the council
will meet on the first Monday in June then next ensuing to
hear and determine all appeals or complaints which may be
made with reference to such assessment. The council shall
meet on the first Monday in June after said assessment, and
remain in session from day to day as long as may be reason-

 

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Session Laws, 1912
Volume 370, Page 1511   View pdf image
 Jump to  
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