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Session Laws, 1912
Volume 370, Page 1575   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 1575

said streets, and to levy taxes on the assessable property
within the limits of said corporation to redeem said bonds
and to pay the interest thereon, and to collect said taxes, with
a proviso that the issue of said bonds be first submitted to
and approved by the legally qualified voters of said corpora-
tion.

SECTION 1. Be it enacted by the Genera-1 Assembly of Mary-
land, That Chapter 467 of the Laws of Maryland, title "Church
Hill," as was enacted by the General Assembly of Maryland,
at the Session of 1910, be and the same is hereby repealed and
re-enacted with amendments so as to read as follows:

SEC. 2. Be it enacted by the General Assembly of Mary-
land, That for the purpose of improving Main street in the
Town of Church Hill, Queen Anne's County, in the State of
Maryland, and also for the purpose of improving Walnut street,
in said town, the Commissioners of Church Hill, a municipal
corporation, be and it is hereby authorized and empowered to
borrow on the faith and credit of said corporation a sum of
money not to exceed the sum of three thousand dollars
($3,000.00), and to issue coupon bonds in the name of said
municipal corporation for the amount so borrowed, each bond
to be issued for the sum of two hundred dollars ($200.00), and
'to be signed by the three commissioners of said corporation, and
the seal of said corporation shall be affixed to each bond. Said
bonds shall bear interest at the rate of five (5) per centum per
annum, payable semi-annualy in each year, shall have printed
on them a distinct reference to this act as directing the issuance
of the same, and sball be exempt from taxation in Queen Anne's
county and the municipalities thereof.

SEC. 3. And be it enacted, That the said bonds shall be
issued in two series, the first series to consist of two thousand
dollars ($2,000.00), and to be designated as series A, and the
second series to consist of one thousand dollars ($1,000.00)
and to be designated as series B, and to be issued on such date
after the date of the issue of series A as shall be determined
upon by the commissioners of Church Hill. Each bond shall
be dated the day of the issue of the series to which it shall
belong, and the bonds of each series shall be consecutively num-
bred as issued. Bond No. 1 of series A shall fall due and be
payable one year from the date of its issue* and thereafter a
bond shall fall due and be redeemable in each consecutive year
from the date of maturity of Bond No. 1 of series A; said
bonds to be paid and be redeemable in the order of their con-

 

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Session Laws, 1912
Volume 370, Page 1575   View pdf image
 Jump to  
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