clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1892
Volume 397, Page 451   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

FRANK BROWN, ESQUIRE, GOVERNOR.

451

they are hereby authorized to borrow a sum not exceeding


five thousand dollars on the faith and credit of said city and


issue bonds of indebtedness to pay for the same.


SEC. 2. And be it enacted, That the said bonds shall be of
the denomination of five hundred dollars each, bearing inter-

Bonds for

est at a rate not exceeding six per cent, per annum payable

borrowed
money.

annually, the said bonds to be made payable in equal series


of one, two, three, four, five, six, seven, eight, nine and ten


years from date, the said bonds shall be numbered and


redeemed as numbered, commencing with number 1. pro-


vided, that no bonds shall be sold at less than par.


SEC. 3. And be it enacted, That the said mayor and coun-


cil shall lay a special tax annually to meet and pay the in-

Lay tax.

terest on said bonds, and a special tax the year preceding


to meet and pay the bonds as they become due at the same


time the other taxes are levied.


SEC. 4. And be it enacted, That the said mayor and coun-


cil are hereby authorized and empowered to pass all need-

Govern-
ment of

ful ordinances, rules and regulations for the conduct and

market.

government of said market-house.


SEC. 5. And be it enacted, That the said mayor and coun-


cil shall before buying the said property and before issuing

Popular
vote.

the said bonds, submit the question of issuing the same to


the qualified voters of the city of Salisbury, either at the


general election for city officers, or at a special election for


that purpose, if the mayor and council shall order a special


election and the mayor shall give notice of the time and pur-


pose of the said election, by advertisement in a newspaper


printed in the said city, for two weeks before the election


aforesaid.


SEC. 6. And be it further enacted, That the ballots for or


against the issuing of the said bonds, shall have printed or

Ballots.

written on them, the words, "For the Bonds," or "Against


the Bonds," and the said ballots shall be carefully counted


by the judges of the said election, who shall make return


thereof to the clerk of the Circuit Court for Wicomico


County ; and if it shall be found by the said returns that a


majority of the said votes cast are for the said bonds, then


the mayor and council may at their discretion proceed to


buy the said property, and to borrow the said money, but if


a majority of the said votes shall be against the said bonds


then the mayor and council shall not borrow the saidmonev


or buy the said property.


SEC. 7. And be it enacted, That this act shall take effect


from the date of its passage.

Effective.

Approved April 4th, 1892.




 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1892
Volume 397, Page 451   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 02, 2018
Maryland State Archives