324 LAWS OF MARYLAND. [Ch. 164]
CHAPTER 164.
AN ACT to authorize "The Mayor and Council of Pocomoke
City" to issue bonds for the purpose of grading, paving, curb-
ing and draining the streets and highways of Pocomoke City,
in Worcester County, State of Maryland, and of placing and
re-laying sewers therein to levy and collect an additional tax
for the purpose of paying the interest and principal on said
bonds, empowering the said "Mayor and Council of Poco-
moke City" to assess part of the cost of such work upon the
property abutting upon such streets as may be improved
under the terms of this act, and providing for the method of
appointment of a commission of five citizens of Pocomoke
City to make contracts for said work and supervise the per-
formance of the same, and submitting the proposition of
street improvement to the vote of the qualified voters of said
Pocomoke City.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of grading, paving, curbing, drain-
ing and otherwise improving the streets and highways of Poco-
moke City, in Worcester County, State of Maryland, and of
placing or re-laying sewers under the streets to be improved
hereunder, the "Mayor and Council of Pocomoke City" be and
they are hereby authorized and empowered to borrow money on
the faith and credit of the said Pocomoke City not to exceed'
in the aggregate the sum of thirty-five thousand dollars, and to
issue bonds therefor, as hereinafter directed, to be signed by
the Mayor of said city, and countersigned by the treasurer
thereof, with the seal of the "Mayor and Council of Pocomoke
City" affixed thereto.
SEC. 2. And be it enacted, That the said bonds shall be
issued in denominations of five hundred dollars, with coupons
attached thereto, for the payment of the interest thereon semi-
annually on the first day of January and July in each and
every year until the maturity thereof, said coupons to have the
signature of the town treasurer printed or written thereon.
Said bonds shall be dated the first day of July, A. D. 1912;
shall bear interest from the date thereof at a rate not exceed-
ing five per centum per annum, payable semi-annually as afore-
said, and shall be exempt from State, county and municipal
taxation. The said bonds shall be numbered from one to
seventy, both inclusive, and shall mature the first day of July,
|
![clear space](../../../images/clear.gif) |