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Session Laws, 1894 Session
Volume 480, Page 205   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

thousand dollars, in sums of not less than one hundred dollars
nor more than oiie thousand dollars, to be signed by the presi-
dent of said board, of County Commissioners, and counter-
signed by the clerk thereof, under corporate seal of said com-
missioners, bearing interest at the rate of five per centum per
annum, payable semi-annually on the first day of July and the
first day of January in each year; said bond issued under the
provisions of this act shall be exempt from State, county and
municipal taxation.

205


SEC. 2. And be it enacted, That said bonds be payable as
follows : One thousand dollars in two years from this date,
one thousand dollars in three years, one thousand dollars in
four years, one thousand dollars in five years, one thousand
dollars in six years, two thousand in seven years, two thousand
dollars in eight years, two thousand in nine years, two thousand
dollars in ten years, two thousand dollars in eleven years, two
thousand dollars in twelve years, two thousand dollars in
thirteen years, two thousand dollars in fourteen years, two
thousand dollars in fifteen years, two thousand dollars in
sixteen years.

Payment of
bonds.

SEC. 3. And be it enacted, That said County Commissioners
are hereby authorized to sell said bonds either at public or
private sale for cash; provided, however, that said commis-
sioners shall not sell any bond issued under this act for lee;
than the par value of said bond.

Bonds to be
sold.

SEC. 4. That the County Commissioners of Queen Anne's
county shall in each year levy upon the assessable property in
said county such sums of money as may be necessary to pay
the interest on the outstanding bonds issued under this act, as
the same shall fall due; and shall at the annual levy in each of
the years eighteen hundred and ninety- tive, eighteen hundred
and ninety-six, eighteen hundred and ninety-seven, year
eighteen hundred and ninety-eight, year eighteen hundred and
ninety-nine, and nineteen hundred, levy the sum of one
thousand dollars; and the sum of two thousand dollars in each
of the years nineteen hundred and one, nineteen hundred and
two, nineteen hundred and three, nineteen hundred and four,
nineteen hundred and five, nineteen hundred and six, nineteen
hundred and seven, nineteen hundred and eight, nineteen
hundred and nine, nineteen hundred and ten, which said
sums shall be subject to the order of the County Commis-
sioners of Queen Anne's county, to be applied to the payment

Tax to be
levied to pay
bonds.



 
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Session Laws, 1894 Session
Volume 480, Page 205   View pdf image (33K)
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