806

LAWS OP MARYLAND.

CHAPTER 602.

AN ACT to authorize the County Commissioners of Wash-

ington County to subscribe for an amount of stock in

turnpike companies in said county.

WHEREAS, it is desirable to improve the road system of

Preamble.

Washington County by the macadamization of its public

roads, and

WHEREAS, it is expedient that the powers of the county

Preamble

commissioners be enlarged so as to enable them to extend

county aid in the erection of turnpikes within said county

therefore,

SECTION 1. Be it enacted by the General Assembly of

Maryland, That the County Commissioners of Washington

Subscrip-
tions to

County in their discretion be and they are hereby author-

stock of
turnpike

ized in any case whe'n it is made to appear to their satisfac-

companies.

tion that sufficient responsible subscriptions have been

obtained for the payment of two-thirds of the costs of the

building of a turnpike along the line of any public road

within the bounds of said county, to subscribe for an amount

of the capital stock of any company organized for the build-

ing of any such pike, the residue, or other one-third of the

cost necessary for the completion of said pike.

SEC. 2. And be it enacted, That to enable said commis-

sioners to raise money to meet and pay any subscriptions

Issue
bonds.

for the capital stock of any turnpike company so made by

them be and they are hereby further authorized to issue

bonds in such denominations and amounts as they may

determine upon, the same to be payable within ten years

from date of issue, and to bear" interest not exceeding four

per cent., or they may levy direct to raise money for the

payment of said subscription.

SEC. 3. And be it enacted, That in case the said county

Levy
taxes.

commissioners issue any bonds as aforesaid they shall have

full power and authority to pay, levy for the redemption of

said bonds, principal and interest as the same becomes due

and payable.

Approved April 7th, 1892.