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Session Laws, 1910 Session
Volume 487, Page 710   View pdf image (33K)
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710 LAWS OF MARYLAND.

with the care of lots and graves in said Cemetery and to pro-
hibit such work from being done by any other person.

Approved April 8th, 1910.

CHAPTER 631.

AN ACT to authorize and direct the President and Commis-
sioners of the town of North East, a body corporate, to issue
bonds upon the credit of said town; to borrow money to pay
off certain outstanding bonds of said town, and also to pay
its floating debt and for other purposes of said town.

Whereas, The President and Commissioners of the town of
North East, a body corporate, stands indebted in the sum of
forty-seven hundred and fifty dollars, by its bonds issued
heretofore under and by virtue of power and authority con-
tained in Chapter 583 of the laws of the State of Maryland,
passed at the January Session of the General Assembly
thereof, in the year 1894, and also stands indebted in a float-
ing debt; and,

Whereas, for the purpose of paying said bonds and floating
debt and other purposes, it is deemed advisable for said body
corporate to issue bonds as hereinafter set forth, to provide
for the raising of money therefor; now, therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the President and Commissioners of the town of
North East, a body corporate, is hereby authorized and di-
rected to borrow on the credit of the said town the sum of
seven thousand five hundred dollars ($7,500), and to issue cou-
pon bonds thereof, in sums of five hundred dollars each, to be
signed by the President of said body corporate and counter-
signed by the Treasurer thereof, attested by the corporate seal
of said town corporation; the said bonds to be separately
noted and recorded in a book to be kept for that purpose.
Said bonds shall bear interest at the rate of five per cent, per
annum, payable semi-annually from the date of their issue,
and shall be exempt from all taxation for county and munici-
pal purposes, and shall have printed on them a distinct refer-
ence to this Act authorizing their issue.

SEC. 2. And be it enacted, That said bonds shall be payable
in thirty years from the date of their issue. The said President
and Commissioners shall by advertisement inserted in at least
one of the newspapers published in said county and by such
other notice, if any, as they .may deem advisable, invite sealed
bids for said bonds, to be publicly opened on such day and


 

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Session Laws, 1910 Session
Volume 487, Page 710   View pdf image (33K)
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