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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 150   View pdf image (33K)
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150 ARTICLE 1.

unless at least two-thirds of the members of the said Mayor and Council-
men shall vote in the affirmative; the terms of this section not to apply
nor in any way restrict the issuance of bonds of the Mayor and Council-
men of Lonaconing, as otherwise provided in this Act.*

1890, ch. 132, sec. 35. 1892, ch. 425, sec. 35.

419. That the Mayor and Councilmen are hereby authorized and em-
powered to build and erect water works for the supply of said town, and
to contract for, purchase, lease and hold in fee simple or for a term of
years, any land, real estate, spring, brook, water, or water courses and
to use and occupy forever, or for a term of years, any land, real estate,
spring, brook, water, or water course, which they may deem expedient
and necessary for the purpose of furnishing said town with water, and
also the right to enter and pass through, from time to time, as occasion
may require, and to use and occupy the said lands through which they
may deem it necessary to convey said water, and they are hereby vested
with all the rights and powers necessary for the introduction of water
into the said town.

1892, ch. 425, sec. 36.

420. The Mayor and Councilmen are hereby authorized and empowered
to issue coupon bonds of said town, to an amount not exceeding forty
thousand dollars, which said bonds shall be signed by the Mayor and Clerk
of said town, and attested with the corporate seal thereof, and shall be
denominated "Lonaconing Water Bonds" and bear interest not exceeding
six per centum per annum, payable semi-annually, to be issued in denomi-
nations, not exceeding five hundred dollars, and to be payable at a time,
not exceeding thirty years after their date, and redeemable at the pleasure
of the corporation, at any time after five years from their date, provided,
however, that no issue of bonds under this section shall be made without
first submitting the question of their issue, and the amount to be issued,
to the legal voters of said town at any general corporation, or special elec-
tion, after having given thirty days' public notice by hand bills, and pub-
lication in one or more newspapers in said town, and a majority of the
legal votes cast upon such question shall be in favor thereof.

1892. ch. 425, sec. 37.

421. The Mayor and Councilmen are hereby authorized and empowered
to levy and collect a special tax on the assessable property of said town,
sufficient to pay the interest on said bonds, and to provide a sinking fund
for the redemption of the same, if the proceeds from the use of said water
be not sufficient therefor, and the taxes so levied shall be a lien on the
real estate upon which said water is furnished and the collection of said
taxes shall be enforced in the same manner as provided for taxes for gen-
eral purposes.

*Ch. 492, 1918, amending the charter of Lonaconing was adopted by the voters
in accordance with the provisions of said Act.

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 150   View pdf image (33K)
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