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Session Laws, 1912
Volume 370, Page 856   View pdf image
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"856 LAWS OF MARYLAND. [Ch. 586]

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Talbot County be and
they are hereby authorized and empowered to borrow on the
credit of Talbot county the sum of ten thousand dollars, and
to issue coupon bonds, therefor in the sum of one thousand

dollars each, to be signed by the president of the said Board
of County Commissioners of Talbot County, and attested by
the treasurer of said county, and the corporate seal of the

County Commissioners of Talbot County shall be affixed thereto,
which said bonds shall be denominated "The Rolle's Creek
Bridge Construction Bonds," and the said bonds shall bear inter-

est at the rate of five per centum per annum, payable semi-
annually, accounting from the date of the issuance thereof,
and the said bonds shall be sold by the said County Commis-
sioners of Talbot County for a sum of money not less than the
par value of the same.

SEC. 2. And be it enacted, That the said bonds to be issued
under this act shall mature one in each and every year from
the date of the issuance of the same, and the said bonds, with
interest thereon, shall be paid and cancelled by the said County
Commissioners of Talbot County, one during each and every
year, until the whole of said bonds have been paid, and the
date of issue shall be the same on all the bonds issued under
this act.

SEC. 3. And be it enacted, That to pay and cancel the said
bonds issued under this act, the said County Commissioners of
Talbot County shall annually levy upon the assessable or taxable
property of said county a tax sufficient to pay the one bond
maturing each and every year and interest on all the bonds
issued under this act outstanding and unpaid, and the amount
of said tax shall be kept in a separate account by said Commis-
sioners of Talbot County and designated as the "Rolle's Creek
Bridge Construction Loan Fund."

SEC. 4. And be it enacted, That the bonds hereby author-
ized to be issued shall be exempt from all county and munic-
ipal taxation in Talbot county, and that the coupons for the
interest thereon shall be receivable by the County Treasurer
of Talbot County in payment of county taxes.

SEC. 5. And be it enacted, That the proceeds from the said
bonds, or so much thereof as may be necessary for the purpose
herein mentioned, shall be devoted to the construction of a road
through the lands of Marion H. Harrison in Broad Creek Neck
and a bridge across the waters of Rolle's Creek, and through
the lands of the heirs of the late William Willis, in Church
Neck, at a point to be selected by the County Commissioners

 

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Session Laws, 1912
Volume 370, Page 856   View pdf image
 Jump to  
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