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CHAPTER 150.
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AN ACT to authorize the county commissioners of Frederick
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county to issue bonds bearing interest at a rate not exceeding;
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four per centum per annum, for the payment of the money
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borrowed by the county commissioners of Frederick county to
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build, repair and replace bridges in said county, and for the
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payment of such further expenses as may be or have been in-
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curred in the building and repair of bridges in said county,
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and also for the purpose of redeeming such outstanding bonds
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of the county commissioners of Frederick county as are now
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redeemable, and to levy and collect the necessary taxes for the
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payment of the bonds hereby authorized to be issued and the
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interest thereon.
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SECTION 1. Be it enacted ly the General Assembly of Maryland,
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That the county commissioners of Frederick county be and they
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are hereby authorized and empowered to issue bonds to an amount
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not exceeding in the aggregate one hundred and thirty thousand
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dollars, in sums of not less than one hundred dollars nor more
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than one thousand dollars each, to be signed by the president of
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Bonds.
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the said county commissioners of Frederick county and counter-
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signed by the clerk thereof, said bonds to bear interest at a rate
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not exceeding four per centum per annum, payable semi-annually
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according to the tenor of the coupons for said interest to be
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attached to said bonds, and the bonds to be issued under the pro-
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visions of this act are hereby exempted from municipal and county
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taxation, and the coupons on said bonds shall, when due and pay-
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able, be received by the collector of taxes for said county in pay-
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ment of county taxes; provided, however, that said bonds shall
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not be sold for less than par or the face value thereof in cash
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current money.
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SEC. 2. And be it enacted, That each of said bonds shall be
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payable forty years after date to bearer, redeemable, however, at
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the pleasure of the county commissioners of Frederick county at
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Redeem.
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any time after the expiration of twenty years from their respec-
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tive dates.
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