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Session Laws, 1910 Session
Volume 487, Page 1054   View pdf image (33K)
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1054 LAWS OF MARYLAND.

belong, and the bonds of each series shall be consecutively
numbered as issued. Bond No. 1 of Series A shall fall due
and be payable one year from the date of its issue, and there-
after a bond shall fall due and be redeemable in each consecu-
tive year from the date of maturity of Bond No. 1 of Series A,
said bonds to be paid and be redeemable in the order of their
consecutive numbers beginning with Bond No. 2. Bond No. 1
of Series B shall fall due and be payable one year from the
date of the maturity of the last bond of Series A, and thereafter
a bond shall fall due and be payable in each consecutive year
from the date of the maturity of Bond No. 1 of Series B, said
bonds to be paid and be redeemable in the order of their con-
secutive numbers beginning with Bond No. 2 of Series B.

SEC. 3. And be it enacted, That the Commissioners of Church
Hill shall sell said bonds at public or private sale, but no bond
shall be sold for less than its par value. The proceeds of the
sales of said bonds shall be deposited in bank as a separate
fund from the other funds of said corporation in the name of
"The Commissioners of Church Hill, Road Fund," and shall be
withdrawn only by checks signed by at least two commissioners
of said corporation. The proceeds of the sales of said bonds
shall be exclusively appropriated and applied to grading and
improving the beds of the said streets with stone or other
material of a permanent character adapted to durability and
wear and tear, and not to ordinary repairs of streets or roads
or the making or repairing of sidewalks.

SEC. 4. And be it enacted, That the Commissioners of Church
Hill shall have full power and authority to grade and improve
the beds of said streets in the manner indicated by Section 3
of this Act, to make contracts for that purpose and to do all
things necessary or proper to carry out the intentions of this
Act.

SEC. 5. And be it enacted, That for the purpose of redeem-
ing said bonds at their maturity and for securing the prompt
payment of the interest thereon, the Commissioners of Church
Hill shall levy annually a special tax on each one hundred
dollars ($100) of the assessed value of all property, real and
personal, in the corporate limits of said town of Church Hill,
subject to taxation, in addition to the other taxes now author-
ized by law to be levied and collected, such sums of money as
shall be necessary to pay the annual interest of said bonds and
to redeem and pay each year one of said bonds. Said tax shall
be known as "The Road. Tax," and shall be levied at the same
time, and shall become due and in arrear at the same time,
and shall bear interest from the same date, and shall be liens
on all property of the person or corporation assessed, and shall


 

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Session Laws, 1910 Session
Volume 487, Page 1054   View pdf image (33K)
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