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Session Laws, 1910 Session
Volume 487, Page 1211   View pdf image (33K)
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\VORCESTER COUNTY. 1211

welfare. Series No. 11 of said bonds shall be issued and sold
as of January 1, 1911, and shall fall due and be redeemable
and payable on the 1st day of January, 1926; Series No. 12
shall be issued and sold as of January 1, 1912, and shall fall
due and be redeemable and payable on the 1st day of January,
1927, and so on, up to and including No. 30 thereof, which
shall be issued and sold as of January 1, 1930, and shall fall
due and be redeemable and payable on the 1st day of January,
1945. Said bonds from Series No. 11 to 30, inclusive, may be
issued whether any or all of said bonds from Series No. 1 to
11, inclusive, have been issued or not. The funds arising from
the sale of said bonds of Series No. 11 to 30, inclusive, shall
be used only for the purpose of retiring the said bonds hereto-
fore issued as aforesaid under the provisions of Chapter 528
of the Acts of 1898, and Chapter 561 of the Acts of 1904, the
first series of said bonds so issued as aforesaid pursuant to
said Chapter 528 of the Acts of 1898, and Chapter 561 of the
Acts of 1904, falling due on the first day of January, 1911, and
one series thereof falling due on the first day of each and every
January thereafter until and including the first day of Janu-
ary, 1930. Said bonds of Series No. 1 to 10, inclusive, au-
thorized by this Act, shall be issued from time to time (but
always as of January 1st of the year they are issued), and in
such amounts within the limitations aforesaid as said Mayor
and City Council may deem best until the whole amount has
been issued and sold. All said bonds from Series 1 to 30,
inclusive, shall be sold at not less than par value at either
private ,or public sale and in such amounts within the limita-
tions aforesaid as may appear advisable to the said Mayor and
City Council of Ocean City; it being the intention of this Act
to enable the Mayor and City Council of Ocean City to issue
bonds to the extent of ten thousand dollars for general public
purposes, and to the extent of twenty thousand dollars addi-
tional as the bonds heretofore issued by said Mayor and City
Council mature, the said issue of twenty thousand dollars of
the series number running from 11 to 30, inclusive, to be in
such amounts annually as may be required to retire the
maturing bonds aforesaid heretofore issued; and it is the
further intention that the powers of issue conferred by this
Act shall be continuing powers until the whole of said thirty
thousand" dollars of bonds have been issued.

SEC. 3. And be it enacted., That for the purpose of re-
deeming said bonds at their maturity, and for securing the
prompt payment of the interest thereon, the said Mayor and
City Council are hereby empowered and directed to annually
levy on the taxable property of said town such sums of money
as shall, in their discretion, be necessary, not exceeding the


 

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Session Laws, 1910 Session
Volume 487, Page 1211   View pdf image (33K)
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