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CHAP. 41
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SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved March 6, 1906.
CHAPTER 41.
AN ACT to authorize the County Commissioners of Fred-
erick County to create a sinking fund for the purpose of
taking up the existing bonded debt of said county.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Frederick County
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Sinking fund
to be created
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shall levy annually on the assessable property within the
county liable to taxation, not less than three cents on the
one hundred dollars, to create a sinking fund for the pur-
pose of taking up the bonded debt of Frederick county, and
they shall cause the same to be invested in stocks or bonds,
or loaned to some National Bank or Savings Institution for
interest, and such sinking fund, together with all interest
that may accrue thereon, shall be applied to the payment of
bonded debt of Frederick county, when its said bonds
become due and payable.
SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved March 6, 1906.
CHAPTER 42.
AN ACT to authorize and require the County Commissioners
of Frederick County to pay to the Commissioners of
Thurmont a proportion of the franchise tax paid by the
Savings Banks and other institutions and corporations
located within the taxable limits of Thurmont in said
county.
SECTION 1. Be it enacted by the General Assembly of Mary-
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Commission-
ers of Thur-
mont to
receive one-
fourth of
franchise
tax.
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land, That it shall be the duty of the County Commissioners
of Frederick county to pay over annually to the Commis-
sioners of Thurmont, one-fourth of the franchise tax the
said County Commissioners shall receive under the provis-
ions of Section 86 of Article 81 of the Code of Public
General Laws of Maryland, from every savings bank, insti-
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