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eral Laws; and the said collector shall report and pay over
to the treasurer of the board of commissioners of the said
town before the first day of June in each year all taxes col-
lected by him from said delinquent.
Section 164 A. And be it enacted, That it shall and may be
lawful for the commissioners of Millington to borrow money
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CHAP. 96
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on the credit of the corporation for the purpose of providing
for adequate fire protection, or of promoting or affecting any
important or permanent public improvement in the town,
and to issue from time to time, as they may deem proper,
the bonds of the commissioners of Millington, Kent county,
Maryland, to be signed by the president and treasurer, pay-
able at such times and in such sums and at such rate oJ
interest not exceeding six per cent, as they may deem
proper, not exceeding in the aggregate the sum of six thous-
and dollars, and to pledge the property in said town for the
payment thereof and the interest thereon, payable semi-
annually, according to the tenor of the coupons of said
interest, to be attached to said bonds. The bonds to be paya-
ble in not more than fifteen years from the date thereof and
redeemable at any time after the expiration of five years
from their respective dates, at the pleasure of said commis-
sioners of Millington; provided, that a majority of the legal
voters shall approve the Act at an election to be held on a
day and at a place to be named by the commissioners of
Millington after twenty days' notice thereof, when the legal
voters of said town shall express by ballot their assent or
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Commission-
ers may
borrow
money and
issue bonds.
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dissent to the law proposed, and provided that the entire
public debt of said town shall not exceed the sum of six
thousand dollars. And shall have power and authority, in
their discretion, to exempt from assessment and taxation for
municipal purposes the bonds issued by the commissioners
of Millington.
Section 164 B. And be it enacted, That the said commis-
sioners of Millington shall have full power and authority ,
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Proviso.
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and are required to levy all necessary taxes over and above
the taxes authorized to be levied in Section 162 of this Act,
upon the property within the taxable limits of said corpor-
ation for the payment of the interest on said bonds authorized
to be issued by the preceding section, and for the payment
of the principal thereof at the maturity thereof, and shall
create a sinking fund for that purpose, and to levy the neces-
sary taxes therefor.
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Levy to be
made.
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