WM. T. HAMILTON, ESQUIRE, GOVERNOR.

123

Chapter 81.

AN ACT to authorize the Commissioners of Easton

to borrow a sum of money for the payment of a

certain debt due by said Commissioners and here-

tofore contracted to meet the necessary expenses

of the town of Easton, to issue bonds for the pay-

ment of the same, and to levy and collect taxes

for the redemption of said bonds and the payment

of interest accruing thereon.

WHEREAS the Commissioners of Easton, the mu-

nicipal corporation created by the laws of the State,

is indebted in the sum of ten thousand dollars, here-

tofore contracted on account of sundry necessary

Preamble.

expenses of said corporation over and above its an-

nual revenues; and whereas the annual revenues

derived from taxes now authorized to be levied on

the taxable property within the limits of said cor-

poration, after discharging the current expenses of

said corporation, are wholly insufficient for the pay-

ment of the said indebtedness or any part thereof —

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That for the purpose of paying

and discharging the said indebtedness, the Commis-

sioners of Easton, duly elected and qualified in ac-

Authorize to
borrow.

cordance with the acts of Assembly in such case

made and provided, be and they are hereby author-

ized and empowered to borrow, from time to time,

the required sum of money, not exceeding in the

whole the sum of ten thousand dollars.

SEC. 2. And be it enacted, That the said Com-

missioners of Easton, duly elected and qualified as

aforesaid, be and they are hereby further authorized

Issue bonds.

and empowered to issue bonds in the name of " The

Commissioners of Easton," in sums of not less than

one hundred dollars, nor more than one thousand

dollars, to be signed by the said Commissioners and

countersigned by the Clerk of said Commissioners,

not exceeding in the whole the sum of ten thousand

dollars as aforesaid, bearing interest at six per centum

per annum, payable semi-annually, on the first day

of January and on the first day of July in each and