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Session Laws, 1918 Session
Volume 486, Page 679   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 679

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That, in lieu of the payment of the fair value of the
existing bridge over Curtis Creek, which is provided to be
made by the Mayor and City Council of Baltimore to the
Treasurer of Anne Arundel County by Section 9 of the Act of
the General Assembly of Maryland of 1918, entitled "An Act
to extend the Limits of Baltimore City by including therein
parts of Baltimore County and Anne Arundel County," the
said Mayor and City Council of Baltimore shall pay to the
Treasurer of Anne Arundel County a sum equal to the same
proportion of the net bonded indebtedness of Anne Arundel
County on January 1st, 1918, as the net taxable basis on Janu-
ary 1st, 1918, of that part of Anne Arundel County included
in the Act of 1918, entitled "An Act to extend the Limits of
Baltimore City by including therein parts of Baltimore Coun-
ty and Anne Arundel County," bears to the net taxable basis
on January 1st, 1918, of the entire county. Net bonded in-
debtness, as herein used, means the entire amount of bonds of
Anne Arundel County outstanding January 1st, 1918, less the
amount on January 1st, 1918, to the credit of the sinking
funds provided to redeem such bonds. Net taxable basis, as
herein used, means the total assessment of property of all kinds
for purposes of taxation on .January 1st, 1918, less the total
amount of all assessments, or portions of assessments, actually
exempted, or by law entitled to be exempted, from the regular
county taxes on January 1st, 1918. The said sum so ascer-
tained shall be paid in ten annual installments of one-tenth of
said amount each, the first to be paid on or before September
1st, 1919, and each succeeding installment to be paid on or
before the same date each year thereafter until the whole is
paid, each of said deferred payments to bear interest from
September 1st, 1919, until paid. Upon making the payments
as provided by this Act, the said Mayor and City Council of
Baltimore shall be relieved of the obligation to pay to the
Treasurer of Anne Arundel County the fair value of the exist-
ing bridge over Curtis Creek, as provided in said Section 9 of
said Act, entitled "An Act to extend the Limits of Baltimore
City by including therein parts of Baltimore County and Anne
Arundel County." But the said Mayor and City Council of
Baltimore shall forever maintain and keep in good repair the
said bridge over Curtis Creek, and also the bridge over Cabin
Creek, and permit the free use of the same to all the inhab-

 

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Session Laws, 1918 Session
Volume 486, Page 679   View pdf image (33K)
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