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Session Laws, 1898 Session
Volume 482, Page 965   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

when any bonds shall have matured and been paid, and when
any coupons of said bonds shall have matured and been paid,
it shall be the duty of the said County Commissioners to imme-
diately destroy the same ; and should the said County Commis-
sioners or any other person, having charge of said bonds or
coupons, suffer or permit the same or any part thereof to be
re-issued after their payment, the party or parties so offended
shall be deemed guilty of a misdemeanor, and on conviqtion
thereof, shall be subject to the punishment prescribed by
Article 27 of the Code of Public General Laws of Maryland,
for embezzlement, and shall be civilly liable for an amount
equal to that so re-issued, and the costs of suit and the attor-
ney's fees to be taxed by the court.

965

SEC. 3. And be it enacted, That the County Commissioners
of Somerset county shall annually levy upon the assessable
property of said county the tax sufficient to pay interest due
on said bonds, and in the year 1907, they shall levy the sum of
one thousand dollars to meet the first maturing bond of said
issue ; that is to say, the one thousand dollars maturing in
1908, and annually thereafter ; shall levy upon said assessable
property fifteen hundred dollars in each and every year until
the maturity of the last bond hereby authorized to be issued ;
and said levy shall be designated as "The Revenue for the
Bond Indebtedness."

SEC. 4. And be it enacted, That the proceeds arising from

Levy a tax.

the sale of the aforementioned bonds shall be paid over as soon
as realized by the County Commissioners to the various credi-
tors of said county for debts due by the county to such credi-
tors, and the County Commissioners are hereby authorized to
use, for public purposes, any surplus remaining from the sale
of said bonds after the payment of the said indebtedness for
which the sale of said bonds is provided in this Act.

SEC. 5. And be it enacted, That the clerk of the County

How
proceeds
are to be
paid.

Commissioners shall register said bonds when they are sold,
showing to whom sold, and what price was obtained therefor,
the date of maturity of the bond so respectively sold, and shall
make a note upon said books of all bonds paid at their respec-
tive maturity, at the time that the same is paid.

Bonds
registered

SEC. 6. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 7, 1898.

Effective.



 
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Session Laws, 1898 Session
Volume 482, Page 965   View pdf image (33K)
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