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Session Laws, 1912
Volume 370, Page 344   View pdf image
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344 LAWS OF MARYLAND. [Ch. 174]

CHAPTER 174.

AN ACT to authorize the Commissioners of Betterton to borrow
money and to issue bonds for the sum of eight thousand dol-
lars ($8,000) for the purpose of providing for and improv-
ing the sidewalks, roads and streets and installing a system
of sewerage in the Town of Betterton, in Kent county, and to
appoint a special commission to act and co-operate with the
Commissioners of Betterton for the purposes mentioned; pro-
vided, that before said loan has been contracted and such
bonds issued, the majority of the voters of the taxpayers of
said Town of Betterton shall assent thereto.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Commissioners of Betterton be and they are here-
by authorized and empowered to issue bonds in the name of the
Commissioners of Betterton, to an amount not exceeding eight
thousand dollars ($8,000.00), in sums not less than one hun-
dred dollars ($100.00), to be signed by the Commissioners of
Betterton under the corporate seal of the said commissioners,
to be designated as "Betterton Street, Road and Sewerage
Bonds," bearing interest at a rate not exceeding five per centum
per annum, payable semi-annually on the first day of October
and the first day of April of each year, which bonds shall be
exempt from all county and municipal taxation, and the due or
overdue coupons for interest shall be received by the Commis-
sioners of Betterton in payment of town taxes. Said bonds
shall be payable in sums of five hundred dollars ($500.00) in
each of the years beginning with the tenth day of October,
1922, and each year thereafter until fully paid. Said bonds
to be numbered consecutively and to be redeemed in the order
in which they are numbered.

SEC. 2. And be it enacted, That the Commissioners of Bet-
terton are hereby authorized and empowered to do all things
necessary for the issue of such bonds, their offering for sale
under the most advantageous conditions, the providing by levy
and taxation for a sinking fund for the purpose of meeting
the interest on said such bonds and their payment upon matu-
rity, and all other things that may be necessary and proper
in the procuring of the loan, and the issuance and payment of
said bonds.

SEC. 3. And be it enacted, That Howard Turner, John H.
Gooding, John F. Green, Arthur P. Emerson and George W.
Mann are hereby nominated and appointed a special commission
to act and co-operate with the Commissioners of Betterton in

 

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Session Laws, 1912
Volume 370, Page 344   View pdf image
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