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, 1937
Volume 412, Page 449   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

HARRY W. NICE, GOVERNOR. 449

borrow under any other power or authority granted by the
General Assembly of Maryland, or under any other authority,
prior to the passage of this Act; said amount not exceeding
the sum of Forty-five Thousand Dollars ($45, 000. 00) provided
in this Act to be also in addition to any amount that the
Mayor and Council of Brunswick shall be authorized or re-
quired to raise or borrow under Section 336, of Article 43, of
Bagby's Annotated Code of the Public General Laws of the
State of Maryland; the proceeds of said sum not exceeding
Forty-five Thousand Dollars ($45, 000. 00) provided for in this
Act are to be used exclusively for the purpose of constructing,
extending, erecting, or completing a sewerage system and
refuse disposal plant for the Town of Brunswick, Maryland;
and the raising or borrowing of said amount not exceeding
the sum of Forty-five Thousand Dollars ($45, 000. 00), provided
for in this Act shall not be required to be submitted to a
vote of the people.

54B. And be it further enacted, That the Mayor and
Council of Brunswick is hereby authorized and empowered to
provide by ordinance or ordinances for the issue and sale of
said bonds for the purposes set forth in this Act and that all
of said bonds when issued shall be exempt from Maryland
State, County and municipal taxation. Said Mayor and Coun-
cil of Brunswick, is hereby directed and empowered, by said
Ordinance authorizing the issuance and sale of said bonds, to
prescribe the form and tenor of said bonds, the rate of in-
terest, not exceeding five per centum per annum, to be paid
thereon, and the time and place at which said interest is to
be paid; the manner in which said bonds shall mature, either
serially or otherwise, provided all of said bonds shall mature
and be paid within at least forty years from their date of issue,
and said Ordinance shall further provide for the method of
selling said bonds either by public sale or by private negotia-
tion, at, above or below the par value thereof. Said bonds
shall be in coupon form registerable as to principal only, shall
be in denominations of $1, 000. 00 each and shall be numbered
consecutively from No. One (1) to No. Forty-five (45), both
numbers inclusive.

54C. And be it further enacted, That for the purpose of
paying the interest on said bonds and for redeeming said bonds
when they will mature, the said, The Mayor and Council of
Brunswick, shall annually until all of said bonds issued under
the authority of this Act shall mature and be redeemed, levy
a tax upon the assessable property of said Town of Brunswick
sufficient to pay the annual interest on said bonds outstanding
and to redeem said bonds when they will mature and become
15

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1937
Volume 412, Page 449   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  October 06, 2023
Maryland State Archives