clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1910 Session
Volume 487, Page 872   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

872 LAWS OF MARYLAND.

SEC. 4. And be it enacted, That for the purpose of redeeming
said bonds at their maturity and for securing the prompt pay-
ment of the interest thereon, the Mayor and Town Council of
Kitzmillersville shall for the year of the issue of said bonds
and annually thereafter until the maturity of said bonds levy
a tax on the assessable property of said town, not exceeding
twenty-five cents on the one hundred dollars, to pay the inter-
est thereon, and the sum of five hundred dollars for the princi-
pal of said debt for the payment of the same at maturity. The
said sum of five hundred dollars shall be held and invested by
the Mayor and Town Council of Kitzmillersville as a sinking
fund for the redemption of said bonds at their maturity, and
the said Mayor and Town Council of Kitzmillersville shall
deposit the money belonging to said sinking fund and the
increment thereof in some safe depository which pays interest
on deposits, or shall invest the same in State or such other
bonds satisfactory to the said Mayor and Town Council of
Kitzmillersville as to them may seem best, or in the purchase
or redemption of any of said bonds as may be offered for sale
and redemption, and upon the purchase of any such bonds by
the said Mayor and, Town Council they shall be immediately
canceled by stamping across their face (canceled by the sink-
ing fund), and no portion of said sinking fund so levied shall
ever be diverted to any other purpose than to the purchase
and liquidation of said bonds. The money collected each year
by the Treasurer or Tax Collector on account of taxes to the
extent of said sum of five hundred dollars shall be set apart
for said sinking fund and a separate account shall be kept
thereof and be deposited to the credit of said fund, and no
part of which shall be chargeable to insolvencies on account of
failure of assessments or collection.

SEC. 6. And be it enacted, That the money arising from the
sale of said bonds (which said bonds shall be sold either at
auction or by sealed bids, after due advertisement thereof, to
the highest responsible bidder), shall be deposited in bank to
the credit of the Mayor and Town Council of Kitzmillersville
and subject to their check, and the clerk of the said Town
Council of Kitzmillersville shall keep a book to be especially
provided for the purpose of entering the names and addresses
of the purchasers of the bonds sold and the amount realized
on the sales, together with the serial numbers of the bonds.

SEC. 6. And be it enacted, That in any prosecution before
a Justice of the Peace under Section 3 of this Act the accused
and the Mayor and Town Council of Kitzmillersville shall have
the right of appeal to the Circuit Court for Garrett County
within thirty days and a jury trial. Any person or persons
convicted before a Justice of the Peace under Section 3 of this


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1910 Session
Volume 487, Page 872   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  November 18, 2025
Maryland State Archives