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Session Laws, 1912
Volume 370, Page 391   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 391

property in said county, the amount of money necessary to
pay said appropriation or appropriations.
SEC. 2. And be it enacted, That this act shall take effect
from the date of its passage.

Approved April 8, 1912.

CHAPTER 198.

AN ACT to authorize the Mayor and Council of Easton to
borrow upon the faith and credit of the Town of Easton,
Maryland, such sum or sums of money as may be necessary
to provide for and refund to whomsoever may pay to the
purchaser thereof the difference, if any, between the market
value and the par value of thirty-five thousand ($35,000)
dollars of 4 per cent. Easton Street Improvement Bonds
authorized under Chapter 117 of the Acts of the General
Assembly of Maryland of 1910, and to issue evidences of

indebtedness for the same.

WHEREAS, The Mayor and Council of Easton are prevented
by Chapter 117 of the Acts of the General Assembly of
Maryland of 1910, from selling thirty-five thousand ($35,-
000) dollars of 4 per cent. Easton Street Improvement
Bonds at less than par and accrued interest, and may be
unable to sell them, at such price without the difference, if
any, between the market value and the par value thereof
being paid to the purchaser thereof by public spirited citi-
zens; therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of Easton be and they are
hereby authorized and empowered to borrow upon the faith

and credit of said Town of Easton such sum or sums of money
as may be necessary to provide for and refund to whomsoever
may pay to the purchaser thereof the difference, if any, between
the market value of thirty-five thousand ($35,000) dollars of
4 per cent. Easton Street Improvement Bonds authorized under
Chapter 117 of the Acts of the General Assembly of Maryland
of 1910, and to issue bonds or other evidences of indebtedness
for the same, and in such sums and payable at such times
as they may by ordinance prescribe; provided that the payment

 

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Session Laws, 1912
Volume 370, Page 391   View pdf image
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