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Session Laws, 1910 Session
Volume 487, Page 307   View pdf image (33K)
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SURVEYOR AND STATE SURVEY. 307

portation, and shall have the power to rent, purchase or con-
demn stone quarries, gravel, clay, sand and shell deposits with
rights of way thereto, and wharves and landings and switches
for shipping or receiving material, and storage places, and to
do all other things necessary and proper in connection with the
purchasing, producing, accumulating and distributing such
road material, including the hire and purchase of any and all
means of land and water transportation for the same.

SEC. 32T. Whenever any highway constructed under the pro-
visions of this Act shall pass through any municipality, and the
State Roads Commission shall be requested, by proper munici-
pal authority, to construct a road within the municipal limits
more costly than a macadamized road, then, and in every such
case, upon receipt of the difference between the cost of a ma-
cadamized road and the cost of such a road as may be desired,
it shall be lawful for, but not obligatory upon the State Roads
Commission to comply with such request and to proceed there-
in under the powers and the provisions of this Act; provided
that the cost of repairing and maintaining any such road shall
be borne by said municipality.

SEC. 32u. For the purpose of providing for the expenditures
of making and maintaining the highways of this State as pro-
vided in this Act, a loan is hereby created, to be called "The
Public Highways 1910," to the amount of one million dollars;
the said loan shall bear date as follows: Two hundred and
fifty thousand dollars, to be known as Series "A," January 1,
1911; two hundred and fifty thousand dollars, to be known as
Series "B," January 1, 1912; two hundred and fifty thousand
dollars, to be known as Series "G" January 1, 1913, and two
hundred and fifty thousand dollars, to be known as Series "D,"
January 1, 1914, and shall bear interest at a rate to be fixed
by the Governor, the Comptroller and the Treasurer of this
State, or a majority of them, not to exceed four per centum per
annum, payable on the first day of January and July in each
year; and the said loan, and every part thereof, and the in-
terest payable thereon, shall be and remain exempt from State,
county and municipal taxation; and the principal amount of
said loan shall be payable fifteen years after the date of said
respective series, but shall be redeemable at the pleasure of
the State of Maryland after ten years from the date of issue.

SEC. 32v. The Governor, Comptroller of the Treasury and
Treasurer, or a majority of them.: are hereby authorized and
directed to have prepared proper certificates of indebtedness
of the State, in good and sufficient form, to aggregate the
amount of one million of dollars as evidence of such loan; such
certificates of indebtedness shall bear date as provided in Sec-
tion 32u, of this Act, and shall not be issued in less sums than


 

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Session Laws, 1910 Session
Volume 487, Page 307   View pdf image (33K)
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