|
ALBERT C. RITCHIE, GOVERNOR. 881
said bonds are paid; said bonds, when issued, shall be
signed by the Mayor of the said city and shall be counter-
signed by the clerk to said Mayor, Counselor and Alder-
men; the seal of said city shall be affixed to each bond and
the interest coupons thereto attached shall bear the fac-
simile signature of the Mayor of said city, printed, litho-
graphed or engraved thereon.
SEC. 2. And be it further enacted, That said bonds shall
be issued to mature in series of Five Thousand Dollars
($5, 000. 00) each, each series to bear a different series
letter. The respective series of bonds shall mature and be
payable annually after their date of issue, beginning April
1, 1935, so that the aggregate amount of said bonds to
mature and be paid in each year until the final payment
thereof or until the final payment of the total amount of
said bonds so to be issued shall be as follows:
|
April
|
1,
|
1935— Series
|
A
|
$5, 000. 00
|
|
April
|
1,
|
1936 — Series
|
B
|
$55, 000. 00
|
|
April
|
1,
|
1937— Series
|
C
|
$5, 000. 00
|
|
April
|
1,
|
1938 — Series
|
D
|
$5, 000. 00
|
|
April
|
1,
|
1939— Series
|
E
|
$5, 000. 00
|
|
April
|
1,
|
1940— Series
|
F
|
$5, 000. 00
|
|
April
|
1,
|
1941— Series
|
G
|
$5, 000. 00
|
|
April
|
1,
|
1942— Series
|
H
|
$5, 000. 00
|
|
April
|
1,
|
1943— Series
|
I
|
$5, 000. 00
|
|
April
|
1,
|
1944— Series
|
J
|
$5, 000. 00
|
SEC. 3. And be it further enacted, That said bonds shall
be known as "Floating Debt Refunding Bonds of the City
of Annapolis" and they shall be further identified by the
series letter assigned to them respectively and that the
said bonds and the interest thereon shall be and remain
exempt from state, county and municipal taxes of every
kind whatsoever in the State of Maryland.
SEC. 4. And be it further enacted, That the entire
amount of bonds to be issued pursuant to the provisions of
this Act may be sold at one time or that said bonds may
be sold in lesser amounts, but not exceeding in the aggre-
gate the amount authorized hereunder, at any time or
times, not later than one year after the date of issue there-
of as may be determined by the Mayor, Counselor and
Aldermen of the City of Annapolis. Before proceeding to
sell any of said bonds, the said Mayor, Counselor and Alder-
men of the City of Annapolis shall advertise at least once
|
 |
