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Session Laws, 1886 Session
Volume 425, Page 731   View pdf image (33K)
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HENRY LLOYD, ESQUIRE, GOVERNOR.

CHAPTER 438.

AN ACT to authorize the Mayor and City
Council of Baltimore to issue the bonds or
certificates of indebtedness of said corpora-
tion to an amount not exceeding one hun-
dred thousand dollars, for the purchase of
ground and the establishment of a certain
public park in said city.

SECTION 1. Be it enacted by the General As-
sembly of Maryland, That the Mayor and City
Council of Baltimore be and it is hereby 'au-
thorized to issue bonds or certificates of in-
debtedness of said corporation to an amount
not exceeding one hundred thousand dollars,
to be applied to the purchase of ground for and

731

the establishment of a park in that portion of
the city of Baltimore lying west of Popple-
ton street and south of Franklin street in said
city, or in that part of Baltimore county ad-
joining said section of Baltimore city, which
said bonds or certificates of indebtedness shall
be payable at such times and bear such rate
of interest, not exceeding three and one-half
per centum per annum, as the said Mayor and
City Council shall provide by ordinance of
the Mayor and City Council of Baltimore; pro-
vided, that the said bonds or certificates of
indebtedness shall not be issued unless the
ordinance which the Mayor and City Council
of Baltimore is hereby authorized to enact
for that purpose shall be approved by a ma-
jority of the votes of the legalvoters of said
city cast at the time and places to be designated
by said ordinance in the provision for sub-

Issue bonds.

mitting the same to the legal voters of said
city, as required by section seven, article eleven,
of the Constitution of Maryland; provided,
however, that the said bonds or certificates of
indebtedness shall not be sold for less than
par; and the said Mayor and City Council of
Baltimore is hereby authorized to provide by
ordinance for the laying of such an annual
tax as shall be sufficient to pay the interest on

Levy tax



 
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Session Laws, 1886 Session
Volume 425, Page 731   View pdf image (33K)
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