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Session Laws, 1933 Session
Volume 421, Page 1109   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1109

week for four successive weeks, six months before the date
fixed for such purpose, to call in and redeem all said issue
of said bonds; and it shall be the duty of said corporation
to immediately destroy said bonds when paid or redeemed
and should said President and Commissioners or any per-
son having charge of the bonds or coupons suffer the same
or any part thereof to be reissued after payment, the said
party or parties so offending shall be guilty of a misde-
meanor and shall be subject to imprisonment under Article
27 of the Code of Public General Laws of Maryland, for
embezzlement, and shall be held personally liable for an
amount equal to that of the coupon or bonds so reissued
and the costs of the suit.

SEC. 3. And be it further enacted, That the said Presi-
dent and Commissioners of Princess Anne shall levy an-
nually upon the assessable property of said town a special
tax over and above and in addition to the annual tax as
now (limited by law, sufficient to pay the annual interest
on all of said bonds remaining outstanding and not then
matured and to redeem the said bonds when and as the
same shall respectively mature as hereinbefore provided.

SEC. 4. And be it farther enacted, That the said bonds
authorized and directed to be issued by this Act shall be
sold by the President and Commissioners of Princess Anne,
for not less than the par value thereof and not later than
January first, nineteen hundred and thirty-four, and said
bonds shall be disposed of at public auction at the Court
House door in Princess Anne, to the highest bidder, for
cash, after notice by advertisement in all the newspapers
of said town, once a week for four successive weeks prior
to the date of sale and the proceeds arising from the sale
of said bonds shall be used for and applied to the liquida-
tion and payment, first, of a promissory note executed by
the said President and Commissioners of Princess Anne,
due December twelfth, nineteen hundred and thirty-two,
for the sum of five thousand dollars, payable to Edward S.,
Bozman, and the balance of said proceeds to the payment
and liquidation of the following notes executed by said
President and Commissioners of Princess Anne to the
Bank of Somerset, to wit: four notes of one thousand dol-
lars each, due respectively, July first, nineteen hun-
dred and thirty-one, July first, nineteen hundred and
thirty-two, July first, nineteen hundred and thirty-three
and July first, nineteen hundred and thirty-four; note for
five hundred dollars, dated October tenth, nineteen hun-

 

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Session Laws, 1933 Session
Volume 421, Page 1109   View pdf image (33K)
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