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Session Laws, 1890
Volume 396, Page 69   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR. 69

ties preliminary to the exercise of the aforesaid powers passed


at the January session, eighteen hundred and eighty-eight of


the General Assembly of Maryland, chapter three hundred and


seventy-six, and to Test other and additional powers in the


county commissioners of said counties relating to the purchase


of the capital stock of said Chester river bridge company.


WHEREAS by chapter three hundred and seventy-six, of the


acts of eighteen hundred and eighty-eight, the county commis-


sioners of Kent county and of Queen Anne's county respectively,

Preamble.

were authorized to purchase the bridge across Chester river at


Chestertown belonging to the Chester bridge company, and to


provide for the payment thereof by levies on the taxable inhabi-


tants of said counties, and to make said bridge a free public bridge


or thoroughfare; and


WHEREAS said Chester bridge company was designated in said

Preamble.

act the "Chester river bridge company ;" and


WHEREAS it is desired to correct the error in the name of said


Chester bridge company and to modify and change some of the

Preamble.

conditions of the purchase authorized by said act; now, therefore


SECTION 1. Be it enacted ly the General Assembly of Maryland,


That the county commissioners of Kent county and the county


commissioners of Queen Anne's county respectively, instead of pro-


viding for the payment of the capital stock and property, fran-


chises, rights and privileges of said Chester bridge company in


case of the purchase thereof in three equal annual instalments of


one, two and three years by levies as provided in said act to which


this is a supplement, be and they are hereby respectively author-


ized, empowered and directed to issue coupon bonds of their re-

Bonds.

spective counties, according to their respective proportions of the


sum necessary to purchase said capital stock, property, franchises,


rights and privileges as may be agreed on between them, in de-


nominations of not less than one hundred dollars, nor more than


five hundred dollars, and to an amount not exceeding their respec-


tive proportions of par value of the capital stock of said Chester


bridge company, or such other sums less than that as may be re-


quired to make said purchase, said bonds to bear interest at a rate


not exceeding six per cent, per annum payable annually, and to


mature and fall due as follows : one-third of the whole amount


thereof in eleven years from the date of issuing the same, one-third


thereof in thirteen years from the date of issuing the same, and the


remaining third thereof in fifteen years from the date of issuing


the same, and the bonds issued under this act shall not be liable to

To sell.

taxation for State, county, municipal or town purposes, and said


bonds issued by the county commissioners of Kent county shall be


signed by the president of said board of county commissioners and




 

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Session Laws, 1890
Volume 396, Page 69   View pdf image (33K)
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