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Session Laws, 1910 Session
Volume 487, Page 915   View pdf image (33K)
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KENT COUNTY. 915

228. The County Treasurer of Kent County shall, from time
to time, deposit and keep in equal proportions in the Second
National Bank, the Kent County Savings Bank and the Ches-
tertown Bank of Maryland, all at Chestertown, all the money
received by him in his official capacity, or remaining on hand
and undisturbed, so that the liability therefor shall at all
times be equally distributed among said banks.

SEC. 2. And be it enacted. That all Acts or parts of Acts in-
consistent with the provisions of this Act be and the same are
hereby repealed.

SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 11, 1910.

CHAPTER 468.

AN ACT to authorize and empower the Commissioners of Ches-
tertown, Kent County, Maryland, to borrow money on the
credit of said town for the purpose of supplementing, enlarg-
ing, increasing and adding to the waterworks and system now
belonging to and operated by the said town, and to issue
bonds for the payment of the same, and to levy on the assess-
able property of the said town to redeem said bonds and to
pay the interest on the same.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of supplementing, enlarging, in-
creasing and adding to the waterworks and system now be-
longing to and operated by the town of Chestertown, the Com-
missioners of Chestertown, Kent County, Maryland, be and
they are hereby authorized and empowered and directed to
borrow money on the credit of the town of Chestertown to an
amount not exceeding ten thousand dollars ($ 10,000), and to
issue coupon bonds of said town in payment of said sum, and
the interest to accrue; provided, however, that the question
of the issue of the said bonds shall be submitted to the voters
of said town qualified to vote for the Commissioners of Ches-
tertown, at the election to be held in said town as hereinafter
provided. The said bonds shall be issued in the sum of five
hundred dollars ($500) each; shall have coupons attached for
the interest thereon, payable semi-annually at the rate not ex-
ceeding five per cent, per annum; the bonds shall be signed
by the Commissioners of Chestertown with the corporate seal
of the said Commissioners affixed, and shall be registered by
the clerk of said Commissioners in a book kept for that pur-
pose. The coupons attached to said bonds shall be signed by


 

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Session Laws, 1910 Session
Volume 487, Page 915   View pdf image (33K)
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