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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3428   View pdf image (33K)
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3428 ARTICLE 16.

and set forth in the coupons attached to each of said bonds, respectively,
for the interest due and payable thereon, and which said bonds shall
have printed on them, and on the coupons attached to them, a distinct
reference to this Act authorizing the issue, and shall be forever exempt
from all taxation by the said town of Garrett Park for any purpose what-
soever; provided, that no bonds shall be issued except upon the following

conditions: The Mayor and council may recommend the initial issuance
of bonds for such portion of the fourteen thousand dollars ($14,000) as
may be by them deemed expedient; the clerk and treasurer of the town
shall then, within one week, prepare and mail to each resident of the town
of the age of twenty-one years or over who shall have within the previous
twelve months paid taxes to the town for sanitary service or sewer service
for not less than six months, a form of ballot which shall state clearly the
purpose and the amount of the proposed bond issue and contain spaces for
the vote and signature of the voter; said ballot shall be returnable in a

sealed envelope to the clerk and treasurer of the town before 8 o'clock
P. M. on a day to be specified and shown on the ballot, which day shall be
two weeks from the date on which said ballot is mailed to the taxpayer
herein referred to. At the time so specified the Mayor and council shall
publicly open and canvass the ballots; each ballot so returned bearing the
signature of a resident of the town who shall have within the previous

twelve months paid taxes to the town for sanitary service or sewer service
for not less than six months shall be counted, and if as many as two-
thirds (2/3) of all the votes so returned shall signify approval of the
bond issue, the Mayor and council shall proceed to effect the said bond
issue in the manner hereinafter provided, and the Mayor and the clerk
and the treasurer shall within ten days thereafter, file with the clerk of
the Circuit Court for Montgomery County all the ballots cast, and a sworn
statement of the total number of ballots returned under the foregoing pro-
visions of this Act, and with a copy of this Act. Subsequent issues of
bonds may be authorized in the same manner as hereinbefore provided for
the initial issuance, except that the recommendation for such subsequent
issuance of bonds shall be made by the Sewerage Commission of Garrett
Park hereinafter provided for; the aggregate of all bond issues for this
purpose, however, shall not exceed the sum of fourteen thousand dollars.

1910, ch. 366, sec. 2. 1912, ch. 790, sec. 271.

441. The said bond so issued as aforesaid shall be redeemable as fol-
lows, that is to say: Seven hundred dollars ($700) thereof in one year
from the date of their issue, and thereafter seven hundred ($700) dollars
each and every year until the whole amount of said bonds and coupons of
all the series, making the total of fourteen thousand dollars ($14,000)
as authorized by this Act, shall have been fully paid; provided, however,
that if an amount in bonds less than fourteen thousand dollars ($14,000)
issued at any time then the bonds of such issue shall be redeemable in
the above proportion annually, so that the whole series and the whole issue

of bonds shall be paid off and redeemed not more than twenty years from

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3428   View pdf image (33K)
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