| 114
Dec. Ses. 1825.
Special assessment.
Appointment
of assessor—
his return. |
JOSEPH KENT, ESQUIRE,
GOVERNOR.
dollars or upwards, may and shall be returned in the discretion
of the assessors aforesaid, as subject to the tax on income
chargeable to any citizen of either of those enumerations; and
it shall be the duty of the judges of the levy court of Baltimore
county to appoint an assessor for the purpose of making an
assessment of the first election district thereof, which appointment
shall be made within one month after the first election of
commissioners of public free schools of said district shall
have been made; and the assessor, so to be appointed, shall finish
the assessment of said district, and make a return thereof
to the judges of the levy court of said county within
five months from the date of his appointment, and be paid
therefor out of the school funds subsequently collected by tax
in said district; and the judges of the levy court of said county
shall cause an assessment of property lying and being in said
district, to be made and returned to them triannually thereafter;
and of the income of persons living in said district, annually
thereafter. |
Permanent
fund provided
for.
Levy court
to have the
charge thereof.
Proviso.
Further
proviso. |
5. And be it enacted, That with a view to
the gradual establishment
of a permanent fund, for the support of public
free schools within the first election district of Baltimore
county, the judges of the levy court of said county, shall have
power by, and with the advice and consent of the commissioners
of public free schools for said district, to appropriate and
apply any surplus fund arising from their school taxes, and
not exceeding one thousand dollars annually, in the purchase
of stocks, land or other property which they shall think the
safest and most advantageous investment, and the rents, profits,
interest or dividend arising from the same, again to invest as
they shall deem most beneficial; and the said judges shall have
authority in like manner to invest any devises, grants, bequests,
legacies or donations, which may be devised, bequeathed, conveyed
or given for the benefit of said schools; Provided, That
such investment be not in violation of the terms or conditions
upon which such devises, grants, bequests, legacies or donations
may be derived, bequeathed, conveyed or given; and the
said judges shall have the like control and authority over all
such gifts, grants, sums of money, or appropriations as may
be made or given for the benefit of the said schools as aforesaid,
by any public appropriation of the legislature of Maryland,
or other public body, having authority to make and give
the same; Provided always, That the said judges shall have
no power to appropriate any part of the capital of the said
fund, so as aforesaid to be raised, to the payment of the
current expenses of public free schools, but that the same
shall be kept always as capital for the benefit of said schools,
And provided also, that no part or portion of the rents, profits,
interest or dividends arising from the said capital so to
be invested, shall be appropriated to any other purpose than
the increase of the capital, for twenty years next ensuing the |
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