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Session Laws, 1882 Special Session
Volume 418, Page 594   View pdf image (33K)
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594

LAWS OF MARYLAND.

 

portions of the remaining two-fifths of said capital

 

stock, in the name and for the benefit of said county,

 

as they shall deem expedient, and shall be entitled

Entitled to
representation

to be represented at all meetings of the stockholders

 

of said company by the county commissioners for

 

the time being, or by such person or persons as may

 

be duly authorized by them, provided that the total

 

cost per mile shall not exceed twenty-five hundred

 

dollars, and that no turnpike shall be constructed of

 

a less depth than twelve inches of stone broken to

 

pass through a ring two and one-half inches in diam-

 

eter, and with a width of stone of not less than ten

 

feet.

 

SEC. 2. And be it enacted, That the county com-

 

missioners of said county are hereby authorized to

Issue bonds.

issue bonds of the county to the amount of stock so

 

subscribed, and to negotiate said bonds upon the

 

most favorable terms, provided they shall not be sold

 

for less than par and carry interest at not over five

 

per centum per annum; and the said county com-

Authorized

missioners are authorized to levy upon the assessable

to levy.

property of the county an amount sufficient to pay

 

the annual interest upon said bonds and the prin-

 

cipal at maturity; and, provided further, that any

 

company now incorporated and authorized to con-

 

struct branches shall not be excluded from the

 

benefits of this act as relates to said branches.

 

SEC. 3. And be it enacted, That this act shall take

Effective.

effect from the date of its passage.

 

Approved May 3, 1882.



 
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Session Laws, 1882 Special Session
Volume 418, Page 594   View pdf image (33K)
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