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, 1947 Special Session
Volume 404, Page 38   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

38 LAWS OF MARYLAND. [CH. 13

down said Run with part of the northerly line of said last
mentioned district southeasterly about 3 miles to a point in
line with the crest of Will's Mountain, then with the crest of
Will's Mountain northeasterly 6 3/4 miles to the place of be-
ginning.

380G. For the purpose of providing funds for the design,
construction, establishment, purchase or condemnation of
water supply, sewerage and drainage systems in the sanitary
district, the Board of County Commissioners of Allegany
County is authorized and empowered to issue bonds, from
time to time upon the faith and credit of Allegany County,
in such amounts as it may deem to be necessary for the
Commission to carry on its work, but at no time shall
the total issue of bonds for all purposes under this sub-title
exceed ten per centum of the total value of the property
assessed for county taxation purposes within said sanitary
district. Said bonds shall be serial bonds issued upon the
serial maturing plan and in such denominations as shall be
determined by the said County Commissioners; said bonds
may be redeemable before maturity at the option of the said
County Commissioners at such price and under such terms
and conditions as may be fixed by the said County Com-
missioners prior to the issuance of said bonds, shall bear
interest at a rate not exceeding four per centum per annum,
payable semi-annually, and shall mature in not more than
thirty years after date of issue and shall be forever exempt
from State, city and county taxation. They shall be issued
under the signature and seal of the said County Commis-
sioners. At any time prior to the issuance of any such bonds
the County Commissioners are hereby authorized to furnish
to the Commission a sum not exceeding Five Thousand
Dollars ($5, 000. 00), which shall be repaid out of the first
available moneys derived from the sale of the first bonds
issued.

380H. For the purpose of retiring the bonds authorized
to be issued by this sub-title and of paying the interest
thereon, the Commission shall cause to be levied, against all
assessable property within said sanitary district for which
said bonds have been issued, by the County Commissioners
of Allegany County annually so long as any of said bonds
are outstanding and not paid, a tax sufficient to provide
such sum as the Commission may deem sufficient and neces-
sary, but not exceeding the sum of One Dollar ($1. 00) on
every One Hundred Dollars ($100. 00) of assessable property
within said district, in conjunction with any amounts as
the Commission may estimate that it will be able to collect
out of the benefit assessments therefor levied by it but not
yet paid and any further funds then available for the pur-
pose, to meet the interest on said bonds as it becomes due

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1947 Special Session
Volume 404, Page 38   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 16, 2024
Maryland State Archives