|
242 LAWS OF MARYLAND. [ CH. 116
CHAPTER 116.
AN ACT to authorize and empower the "Commissioners of
Hurlock, " in Dorchester County, to build and construct a
sewerage system, including a sewerage disposal plant, for
the town of Hurlock, and for that purpose to issue bonds to
an amount, not exceeding twenty-five thousand dollars, to
pay for such sewerage system, and to levy an additional tax
on the assessable property of the said town in order to pay
the interest and principal of said bonds as the same shall
fall due.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the "Commissioners of Hurlock" be and they are
hereby authorized and empowered to build and construct a
sewerage system, for the town of Hurlock, Dorchester County,
State of Maryland, including a sewerage disposal plant to be
erected in said town or in the suburbs thereof, and to run and
operate the same for municipal and commercial purposes, and
for the purpose of acquiring whatever property and for doing
whatever work is necessary therefor, The said "Commissioners
of Hurlock" are authorized and empowered to borrow money
on the faith and credit of said town, not to exceed in the ag-
gregate the sum of twenty-five thousand dollars, and to issue
bonds therefor, to be known as the "Hurlock Sewerage Bonds, "
said bonds to be signed by the Chairman of the said "Commis-
sioners of Hurlock" and to be countersigned by the clerk of
said "Commissioners of Hurlock, " with their official seal af-
fixed thereto.
SEC. 2. And be it enacted, That the said bonds shall be is-
sued in denominations of five hundred dollars, with coupons
attached thereto for the payment of interest thereon semi-an-
nually, on the first day of January and July in each and every
year until the maturity thereof, said coupons to bear the signa-
ture of the clerk of the "Commissioners of Hurlock, " printed
or written thereon. Said bonds shall be dated the first day of
January, in the year nineteen hundred and nineteen, shall
bear interest from the date thereof at a rate not to exceed 5
per cent per annum, payable semi-annually, and shall be exempt
from municipal and county taxation. The said bonds shall be
numbered from one to fifty, both inclusive, and shall be pay-
able in the order of their consecutive numbers, and shall be so
issued that one thousand dollars thereof shall mature in each
year from the date of issue to the date of maturity of the last
|
 |