FRANK BROWN, ESQUIRE, GOVERNOR.

25

CHAPTER 27.

AN ACT to empower the County Commissioners of Wash-

ington County to call in the bonds of AVashiugton County,

issued by authority of an act of the General Assembly,

passed at the January session, eighteen hundred and sev-

enty-eight (chapter 248), two hundred and forty -eight, and

to raise money therefor by issuing other bonds of said

county.

SECTION 2. Be it enacted by the General Assembly of

Maryland, That the County Commissioners of Washington

County, be and they are hereby authorized and empowered,

at such times and iu such manner as they deem best, to call

Redeem
Bonds

in and redeem the bonds of said county, issued in pursuance

of an act of the General Assembly, passed at the January

session, eighteen hundred and seventy -eight, chapter two

hundred and forty -eight.

SEC. 2. And be it enacted, That the said County Com-

missioners be and they are hereby authorized and empow-

ered, at such times and in such manner, as they deem best,

to issue bonds equal to the amount of the bonds so called in,

To Issue
Bonds.

not exceeding iu amount seventy-five thousand dollars, the

bonds so issued to be signed by the President of the Board

of County Commissioners, and countersigned by the clerk of

said board, and to bear interest at a rate not exceeding

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

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

every year until said bonds are paid off.

SEC. 3. And be it enacted, That the County Commis-

sioners shall fix the period of such bonds, and the denomi-

nations thereof, provided, that none of said bonds shall

mature at a period later than twenty years after issue, and

Demon-

they shall be issued in denominations of not less than fifty

nations.

dollars, nor more than one thousand dollars each, and the

County Commissioners, if they deem it advisable, may

reserve the right to redeem a portion of all of said bonds

before maturity.

SEC. 4. And be it enacted, That the County Commis-

sioners shall cause to be kept and preserved a careful register

To Cancel.

of the bonds so called iu, which they are hereby directed to

cancel immediately ; and a careful register of the bonds

issued under this act, specifying the number of the bonds,

its denomination, its date of issue, the date of its maturity,

and the person to whom it is issued.