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Session Laws, 1892
Volume 397, Page 181   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

181

thousand dollars, now due on the said bonds, and whereas,


the said commissioners of Easton, have not the money with


which to pay the said balance of three thousand dollars,


now about to become due, and desire authority to issue new


bonds for the same and to levy a special tax for the pay-


ment of the same, with the interest thereon, therefore,


SECTION 1. Be it enacted by the General Assembly of


Maryland, That for the purpose of paying and discharging


the said indebtedness the commissioners of Easton, duly

May
borrow

elected and qualified in accordance with the acts of Assem-

$3,000.

bly in such cases made and provided, be and they are


hereby authorized and empowered to borrow from time to


time, the required sum of money, not exceeding in the whole,


the sum of three thousand dollars.


SEC. 2. And be it enacted, That the said "commissioners


of Easton," duly elected and qualified as aforesaid, be and


they are hereby further authorized and empowered, to issue

May Issue

bonds in the name of the "commissioners of Easton," in

bonds
therefor

sums of not less than one hundred dollars nor more than


one thousand dollars, each to be signed by the said com-


missioners of Easton, and countersigned by the clerk of


said commissioners, not exceeding in the whole the sum of


three thousand dollars as aforesaid, bearing interest at six


per centum per annum payable semi-annually, on the first


day of January and on the first day of July, in each and


every year ; and the said bonds shall not be sold for less


than the par value thereof, and shall be exempt from county


and municipal taxation.




SEC. 3. And be it enacted, That the said bonds shall be


issued payable five years from the date thereof, and redeem-

Bonds —

able at any time after the expiration of three years from the

when

date thereof, at the pleasure of the said commissioners of

payable

Easton duly elected and qualified as aforesaid, and the said


bonds shall be consecutively numbered as the same sliall


be issued.


SEC. 4. And be it enacted, That the said Commissioners


of Easton, duly elected and qualified as aforesaid, be and


they are hereby authorized and required, in Easton, every

May levy
tax to pay

year, to levy and collect a special tax not exceeding ten

interest
and

cents on every one hundred dollars worth of the taxable

redeem

property of all kinds and description, liable to assessment

principal

and taxation within the corporate limits of the town of


Easton as now established by law, to pay the interest on the


outstanding bonds by them issued under the provisions of


this act, as the same shall fall due, and gradually to redeem


and retire such bonds until they all shall have been re-




 
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Session Laws, 1892
Volume 397, Page 181   View pdf image (33K)
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