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806
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LAWS OP MARYLAND.
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CHAPTER 602.
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AN ACT to authorize the County Commissioners of Wash-
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ington County to subscribe for an amount of stock in
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turnpike companies in said county.
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WHEREAS, it is desirable to improve the road system of
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Preamble.
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Washington County by the macadamization of its public
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roads, and
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WHEREAS, it is expedient that the powers of the county
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Preamble
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commissioners be enlarged so as to enable them to extend
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county aid in the erection of turnpikes within said county
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therefore,
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SECTION 1. Be it enacted by the General Assembly of
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Maryland, That the County Commissioners of Washington
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Subscrip-
tions to
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County in their discretion be and they are hereby author-
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stock of
turnpike
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ized in any case whe'n it is made to appear to their satisfac-
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companies.
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tion that sufficient responsible subscriptions have been
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obtained for the payment of two-thirds of the costs of the
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building of a turnpike along the line of any public road
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within the bounds of said county, to subscribe for an amount
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of the capital stock of any company organized for the build-
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ing of any such pike, the residue, or other one-third of the
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cost necessary for the completion of said pike.
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SEC. 2. And be it enacted, That to enable said commis-
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sioners to raise money to meet and pay any subscriptions
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Issue
bonds.
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for the capital stock of any turnpike company so made by
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them be and they are hereby further authorized to issue
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bonds in such denominations and amounts as they may
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determine upon, the same to be payable within ten years
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from date of issue, and to bear" interest not exceeding four
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per cent., or they may levy direct to raise money for the
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payment of said subscription.
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SEC. 3. And be it enacted, That in case the said county
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Levy
taxes.
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commissioners issue any bonds as aforesaid they shall have
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full power and authority to pay, levy for the redemption of
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said bonds, principal and interest as the same becomes due
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and payable.
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Approved April 7th, 1892.
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