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Session Laws, 1896 Session
Volume 475, Page 190   View pdf image (33K)
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190

LAWS OF MARYLAND.

Question of
issuing
bonds to be
voted on.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That at the election to be held in the town of Snow
Hill, in Worcester county, Maryland, on the first Monday of
May, in the year eighteen hundred and ninety-six, for Mayor
and Councilmen of said town, that the question whether or
not said Mayor and Council of Snow Hill shall issue coupon,
bonds to the amount of eighteen thousand dollars or less for
the purpose of providing a water supply for the protection of
said town against fire, and for other purposes, shall be and is
hereby directed to be submitted to the legal and qualified
voters of said town; and in order to advise the citizens of said
town of the intent of this act it shall be the duty of the
Mayor and Council of Snow Hill to publish in some news-
paper or newspapers of general circulation in said town the
substance of this act, for at least one week previous to said
election, and by such other notice as they may deem necessary
and proper.

Election, how
to be held.

SEC. 2. And be it enacted, That the election provided for
in section one hereof shall be held in conformity to the pro-
visions of an Act of Assembly of 1894, authorizing an elec-
tion for Mayor and Councilmen for said town, and the ballots
shall have printed on them the words, "For the issue of Water
Bonds," and "Against the issue of Water Bonds;" the returns
of said election shall be made in the same manner as is pro-
vided for in the said municipal election; and if a majority of
the votes cast shall be against the issuing of water bonds, then,
and in that case, no bonds shall be issued, but if a majority of
the votes cast shall be for the issuing of water bonds, then the
said Mayor and Council of Snow Hill shall issue said bonds to
the amount of eighteen thousand dollars or less, as hereinafter
provided.

May issue
bonds.

SEC. 3. And be it enacted, That if the decision by said elec-
tion shall be for the issuing of water bonds, the Mayor and
Council of Snow Hill are hereby authorized and directed to
borrow on the credit of the town of Snow Hill, an amount not
exceeding the sum of eighteen thousand dollars, and to issue
coupon bonds therefor in sums of not less than one hundred
dollars and not more than one thousand dollars, each to be
signed by the Mayor of the said town, and to be countersigned
by the secretary and treasurer of the corporation, with the seal
of the said town attached, and to be registered by said secre-
tary and treasurer in a separate book, kept for that purpose ;
said bonds shall bear interest at the rate of six per centum per
annum, payable semi-annually on the first day of January and



 
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Session Laws, 1896 Session
Volume 475, Page 190   View pdf image (33K)
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