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Session Laws, 1912
Volume 370, Page 782   View pdf image
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782 LAWS OF MARYLAND. [Ch. 550]

and to levy an annual tax for the payment of such bonds
and the interest thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Commissioners of Chestertown be and they are
hereby authorized and empowered to issue bonds in the name
of the Commissioners of Chestertown to an amount not exceed-
ing five thousand dollars in sums not less than one hundred
dollars nor more than one thousand dollars, to be signed by
the Commissioners of Chestertown under the corporate seal of
the said Commissioners, to be designated as "Chestertown
Sewer Bonds" to the highest bidder; provided, no bid less than
par shall be accepted therefor, which bonds shall bear interest
at the rate of five per cent, per annum, payable semi-annually
on the first day of July and the first day of January in each
year, which bonds shall be exempt from all county and munic-
ipal taxation in Kent county, and the due or overdue coupons
for interest shall be received by the Commissioners of Chester-
town in payment of town taxes. Said bonds shall be payable
in sums of one thousand dollars in each of the years beginning
with the tenth day of July, 1913, 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 said Commissioners of
Chestertown are authorized and directed to advertise at least
once a week for four successive weeks in three newspapers pub-
lished in Kent county and one newspaper published in the City
of Baltimore for sealed proposals for the negotiation of said
bonds, and on a certain day to be named in said advertisement
said Commissioners of Chestertown shall in the presence of such
persons as may be interested in said bid, open all bids received
and award the bonds to the highest bidder; provided, no bid
less than par shall be accepted and reserving the right to
reject any and all bids.

SEC. 3. And be it enacted, That the said sum of five thou-
sand dollars, or so much thereof as may be necessary for the
purpose, shall by the said Commissioners of Chestertown be
used and applied for the construction of a sewer beginning on
High street, in Chestertown, about opposite the Catholic Church,
and from thence to College avenue; thence along College avenue
to Cannon street, and thence along Cannon street to Chester
River at or near the end of the wharf at the foot of Cannon
street. And if any part of the proceeds of sale of said bonds
be left over, after defraying the cost of said sewer the remain-

 

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Session Laws, 1912
Volume 370, Page 782   View pdf image
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