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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 286   View pdf image (33K)
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286 COUNTY COMMISSIONERS. [ART. 25

full amount for which his land is liable, to be ascertained .from the
classification sheet and the certificate of the board showing the total cost
of the improvement, and have his lands released from liability to be
assessed for the said improvement; but such land shall continue liable
for any future assessment for maintenance or for any increased assess-
ment authorized under the law.

1912, ch. 656, sec. 22.

81V. At the expiration of three weeks after publication of notice
of bond issue, the Board of Drainage Commissioners may issue and sell
bonds of the drainage district for an amount equal to the total cost of
the improvement less, such amounts as shall have been paid in in cash
to the county treasurer, plus an amount sufficient to pay interest on the
bond issue for the three years next following the date of issue. These
bonds shall bear interest, payable semi-annually, and shall be paid in
ten equal instalments. The first instalment of principal shall mature
at the expiration of three years from the date of issue, and one instal-
ment for each succeeding year for nine additional years. The commis-
sioners may sell these bonds at not less than par and devote the pro-
ceeds to the payment for the work as it progresses and to the payment
of the interest on said bonds for the three years next following the date
of issue and to the payment of the other expenses of the district provided
for in sections 81A-81AA. The proceeds from such bonds shall be for
the exclusive use of the levee or drainage district specified on their face,
and shall be numbered by the Board of Drainage Commissioners and
recorded in the drainage record, which record shall set out specifically
the lands embraced in the district on which the tax has not been paid
in full, which land is to be assessed as hereafter provided. If any instal-
ment of principal or interest represented by the said bond shall not be
paid at the time and in the manner when the same shall become due and
payable, and such default shall continue for a period of six months the
holder or holders of such bond or bonds upon which default has been
made may have a right of action against said drainage district or the
Board of Drainage Commissioners of said district, wherein the Court
may issue a writ of mandamus against the said drainage district, its
officers, including the tax collector and treasurer, directing the levying
of a tax or special assessment as herein provided, and the collection of
the same, in such sums as may be necessary to meet any unpaid instal-
ments of principal and interest and cost of actions; and such other reme-
dies are hereby vested in the holder or holders of such bond or bonds in
default as may be authorized by law; and the right of action is hereby
vested in the holder or holders of such bond upon which default has
been made, authorizing them to institute suit against any officer on his
official bond for failure to perform any duty imposed by the provisions
of sections 81A-81AA. The official bonds of the tax collector and county
treasurer shall be liable for the faithful performance of the duties herein
assigned them. Such bonds may be increased by the Board of County
Commissioners at their discretion.

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 286   View pdf image (33K)
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