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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 2441   View pdf image (33K)
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FREDERICK COUNTY. 2441

P. L. L., 1888, Art. 11, sec. 90. 1918 Code, sec. 128.

107. They are authorized and empowered, in their discretion, to sub-
scribe to the capital stock of the Liberty, Johnsville and Pipe Creek
Turnpike Road Company, the Liberty and New Windsor Turnpike Road
Company, the Frederick and Buckeystown Turnpike Road Company, and
such other turnpike road companies, whose roads have been constructed
since the year eighteen hundred and sixty-eight, or are now in process
of construction in said county, for an amount of stock in the case of each
company not exceeding two-fifths of its capital; provided, that the presi-
dent of each turnpike road company, to which such subscription shall be
made, shall furnish to the County Commissioners a statement, under oath,
that three-fifths of the stock of said company has been subscribed and fully
paid up.

P. L. L., 1888, Art. 11, sec. 91. 1918 Code, sec. 129.

108. They are authorized to issue the bonds of the county to the
amount of stock subscribed to each of said companies, and to negotiate
said bonds; provided, they shall not be sold for less than par; and they
are further authorized to levy upon the assessable property of the county
an amount sufficient to pay the annual interest upon said bonds, and the
principal at maturity.

P. L. L., 1888, Art. 11, sec. 92. 1918 Code, sec. 130.

109. Whenever two-fifths of the capital stock of any turnpike com-
pany in Frederick County, chartered and organized after the fourth day
of April, 1888, shall have been subscribed for and taken by responsible
bona fide stockholders, the County Commissioners of said county are au-
thorized and empowered to subscribe for such portion of the remaining
three-fifths of the said capital stock as they, in their discretion, may deem
proper, in the name and for the benefit of said county, and shall be en-
titled to be represented, at all meetings of the stockholders of said com-
pany, by the County Commissioners for the time being, or by such persons
as may be duly authorized by them; provided, said roads so subscribed
to shall be graded for a width of twenty feet, fourteen of which shall be
covered with stone of an average depth of nine inches; provided, also,
that in accordance with the provisions of Article 3, Section 54, of the
Constitution, this and the succeeding section shall be published in the
newspapers printed in said county for two months before the election in
1889 for members of the House of Delegates, and shall also be approved
by a majority of all members elected to each house of the General Assem-
bly at its session of 1890.

P. L. L., 1888, Art. 11, sec. 93. 1918 Code, sec. 131.

110. The County Commissioners of said county are authorized to issue
the bonds of the county to the amount of the stock so subscribed, and to
negotiate said bonds upon the most favorable terms; provided, they shall
not be sold for less than par. And the said County Commissioners are

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 2441   View pdf image (33K)
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