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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1114   View pdf image (33K)
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1114 FREDERICK COUNTY. [ART. 11.

1870, ch. 2 1872, ch. 13.

86. They are authorized to issue the bonds of the county to the
amount of the stock so subscribed, and to negotiate said bonda
upon the most favorable terms; provided, they shall not be sold
for less than par; and they are authorized to levy upon the assess-
able property of the county an amount sufficient to pay the annual
interest upon said bonds, and the principal at maturity.

1872, ch. 118.

87. They shall not be authorized to issue any bonds or credit
of the county, or subscribe to any turnpike company, as author-
ized by the preceding section, until the board of stockholders of
said company shall first have filed a statement under oath, in the
office of said commissioners, that the total amount of three-fifths,
subscribed for by private stockholders, as provided by said section,
has been fully and entirely paid up.

1872. ch. 4. 1874, ch. 7.

88. They are authorized and empowered, in their discretion,
to subscribe for stock in the Liberty and Frederick turnpike road
company, for such sums of money as shall not exceed two-fifths
of said capital stock; provided, that the president of said company
shall file, under oath, a statement with the county commissioners,
that three-fifths of said capital stock has been subscribed and
fully paid up.

Ibid.

89. They are authorized to issue the bonds of the county, to
the amount of the stock so subscribed, and to negotiate the same;
provided, they shall not be sold at less than par; and they are
authorized to levy upon the assessable property an amount suffi-
cient to pay the annual interest and principal of said bonds at
maturity.

1873. ch. 93. 1874, ch. 36.

90. They are authorized and empowered, in their discretion,
to subscribe to the capital stock of the Liberty, Johnsville and
Pipe creek turnpike road company, the Liberty and New Wind-
sor turnpike road company, the Frederick and Buckeystown
turnpike road company, and such other turnpike road companies,

 

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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1114   View pdf image (33K)
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