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Session Laws, 1918 Session
Volume 486, Page 119   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR.. 119

SEC. 3. And be it enacted, That for the purpose of redeeming
said bonds and securing the prompt payment of the interest
thereon, the said Burgess and Commissioners are hereby em-
powered and directed to levy annually a sum not exceeding
twenty cents on the hundred dollars, on the taxa/ble property of
the said town, over and above the usual tax levy thereon, as
shall, in their discretion, be necessary for the prompt payment
for the interest on said bonds, and the surplus arising from
said special levy, after the payment of said interest, shall be
by the said Burgess and Commissioners invested in some safe
securities as a sinking fund for the redemption of said bonds
at maturity, which fund shall not at any time be diverted from
the purpose of this Act.

SEC. 4. And be it enacted, That the said bonds shall be issued
from time to time as said Burgess and Commissioners shall
deem necessary for the purpose of this Act, and shall be sold
at not less than their face value, at public or private sale, but
each sale shall first be advertised in some newspaper published
in Frederick County, at least two weeks before a sale is made.

SEC. 5. And be it enacted, That the Burgess and Commision-
ers of Emmitsburg be and they are hereby authorized and em-
powered to take such steps and means for the improvement
of said streets, alleys and crossings of said town, as they in the
exercise of their discretion may deem best, for the best interest
of said town, using therefor, such material and employing such
labor, implements or machinery as may be necessary, or con-
tract for the same to be done, and to do any other acts or
things which to them may seem necessary or proper in order
to carry out the intentions of this Act.

SEC. 6, And be it enacted, That at a municipal election to be
held in Emmitsburg at such times and place as may be affixed
by an ordinance of said Burgess and Commissioners of Emmits-
burg, the qualified voters of Emmitsburg, shall determine by
ballot whether the said bonds hereinbefore provided for shall be
issued or not, at which said election there may be written or
printed on the ballots of said voters the words "for issue of
bonds", or, "against issue of bonds", and if the majority of the
ballots cast shall contain the words "for issue of bonds", then
said Act shall become operative and binding, but if a majority
of said ballots shall contain the words "against issue of bonds",
then this Act shall be void and have no effect, and the judge
of said municipal election shall return to the Burgess of Emmits-

 

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Session Laws, 1918 Session
Volume 486, Page 119   View pdf image (33K)
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