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Session Laws, 1947
Volume 411, Page 799   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 799

able semi-annually, shall be dated on the date of their issuance
and shall mature not exceeding forty years from the date of
their issue, or shall be retired serially as said Burgess and
Commissioners of Funkstown may determine. Said bonds
shall be exempt from all State, county and municipal taxation,
and shall have printed on them a distinct reference to the
Act authorizing their issue.

SEC. 8. And be it further enacted, That the Burgess and
Commissioners of Funkstown be and they are hereby author-
ized and directed to levy each year, so long as said bonds are
outstanding and not paid, a tax sufficient to redeem the same
at their maturity and to pay the interest thereon, the proceeds
of said tax to be kept in a special fund and in no case to be
used for any other purpose. In case such bonds shall be
issued in any year after the making of the regular levy for
that year, then the Burgess and Commissioners of Funkstown
are authorized and directed to pay any and all interest coming
due before the next levy out of any other funds in its disposal
and to levy at the next succeeding levy, to reimburse such
other funds.

SEC. 9. And be it further enacted, That the Burgess and
Commissioners of Funkstown be and they are hereby author-
ized and empowered to do all acts and things necessary to
issue and sell said bonds, to have the same registered, if neces-
sary, and to do all things necessary to carry out the purposes
of this Act, even though the same may not be specifically men-
tioned herein or in the Charter of the Town of Funkstown or
in any other Act relating to said town. The provisions of
Sections 35 and 36 of Article 31 of the Annotated Code of
Maryland, as amended, shall be applicable in the sale and
issuance of said bonds.

SEC. 10. And be it further enacted, That before any bonds
shall be issued, and sold pursuant to this Act, the question of
such issue shall first be submitted to the legally qualified
voters of the town of Funkstown at a regular or special muni-
cipal election or elections on such date or dates not later than
December 31, 1949, as shall be determined by the Burgess and
Commissioners of Funkstown. There shall be printed on the
ballots to be used at said election the title of this Act, the
amount of bonds to be issued and the purposes for which the
proceeds will be used and underneath said title, on separate
lines, a square or box to the right of and opposite the words
"For Sewer Bond Issuance", and a corresponding square or
box to the right of and opposite the words "Against Sewer
Bond Issuance", so that the voters shall be able to designate
by a cross mark in the proper square or box his or her decision

 

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Session Laws, 1947
Volume 411, Page 799   View pdf image (33K)
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