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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 4568   View pdf image (33K)
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4568 ARTICLE 21.

any sum or sums of money not exceeding in the aggregate one-half of
one per centum of the total value of the assessable property within the
limits of the town of Easton, and may issue bonds or other evidence of
indebtedness for the same, and in such sums and payable at such time
as they may by ordinance prescribe; provided, that the payment of said
bonds or other evidences of indebtedness issued under authority of this
section and the interest thereon must be made by the Mayor and Council
from the general taxes levied for the use of the town under the power in
this Act conferred, the levying or collecting any special tax for the pay-
ment, of such bonds or other evidences of indebtedness being expressly
prohibited.

1906, ch. 458, sec. 97H. 1908, ch. 23 (p. 1021). 1914, ch. 141. 1929, ch. 107.

204. Whenever the Mayor and Council of Easton shall determine to
reconstruct the streets of the town, or purchase or erect any gas plant,
electric light, water plant or system of sewers for the town, they shall first
submit the proposition to the legally qualified voters of the town at either
a general or special election; provided, that the ordinance authorizing the
issue of bonds for the proposed public work or improvement shall be pub-
lished in one or more newspapers printed in the Town of Easton once a
week, in each of four successive weeks, and the last insertion shall be at
least ten days prior to the day of election at which the proposition is to
be submitted. If a majority of the said voters who vote for and against
the proposition submitted shall approve the same by voting for it, then
the said Mayor and Council are hereby authorized and empowered to bor-
row on the faith and credit of the town a sum of money necessary for such
purchase, improvement or construction, and to issue bonds of the town
therefor, and said bonds shall be issued in manner and form as provided
for by Chapter 458 of the Acts of 1906 as amended by Chapter 406 of
the Acts of 1912, or any amendments thereto, provided, that the total
bonded and floating indebtedness of said town shall at no time exceed
ten per centum of the taxable basis of the town, and provided further that
the Five Thousand ($5,000) Dollars authorized to be borrowed under
Section G of Chapter 458, of the Acts of the General Assembly 'of Mary-
land of 1906 (Sec. 203 of this article), or any amendments thereto, but
for which no special tax may be levied, shall not be computed in summing
up the total bonded or floating indebtedness of the town.

See sec. 219.

1929, ch. 107, sec. 2.

205. All acts and parts of Acts inconsistent with the provisions of this
Act be, and the same are, hereby repealed to the extent of their incon-
sistency, provided that nothing herein contained shall be taken as restrict-
ing any control which the State Board of Health of Maryland is empow-
ered to exercise.

1906, ch. 458, sec 97 I. 1912, ch. 406. 1920, ch. 18.

206. The bonds of the town issued for improvements or public utilities,
as in this Act provided, shall be for sums not less than one hundred nor

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 4568   View pdf image (33K)
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