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Session Laws, 1910 Session
Volume 487, Page 920   View pdf image (33K)
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920 LAWS OF MARYLAND.

additional sum for the redemption of the one-thirtieth part of
the principal of said bonded debt, as the same shall mature, so
that the semi-annual interest and the whole of said bonds may
be provided for and paid in the time hereinbefore limited, and
the sums of money so received by the Commissioners of Ches-
tertown shall be applied to the payment of the interest on said
bonds and to the redemption of said bonds when redeemable.
And, should said water rents or revenues be insufficient to
pay the interest on said bonds and the one-thirtieth part of the
bonded debt as it matures, the said Commissioners of Chester-
town are hereby authorized and directed to levy and collect
annually a tax upon the taxable property in Chestertown for a
sum as will, with the net water rents or revenues from water-
works, provide for the payment of the interest on said bonds as
same matures and one-thirtieth part of the principal of said
bonded debt.

SEC. 13. And be it enacted, That all bonds provided for in
this Act shall be given to the State of Maryland, with security
to be approved by at least two Judges of the Orphans' Court of
Kent County, Maryland, with the condition that the obligor
shall well and faithfully execute the duties of the office to
which he may be elected or appointed, and at the expiration of
the term, or any subsequent term to which he may be elected,
shall turn over to said Water Board, or his successor, all the
property, money, books and papers belonging to said Water
Board, and everything else pertaining to the office. The bonds
provided in this Act shall be filed with the Clerk of the Circuit
Court for Kent County, Maryland, and be recorded by him,
and ttie expense of recording them, together with the premiums
paid security companies to obtain them, shall be paid out of
the funds or revenues of said Water Board.

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 11, 1910.

CHAPTER 403.

AN ACT to add 13 sections to Article 15 of the Code of Public
Local Laws, title "Kent County," subtitle "Roads," to follow
Section 167 of said Article 15, to be known as Sections 167a,
167b, 167c, 167d, 167e, l67f, 167g, 167h, 167i, 167J, 167k, 167!
and 167m, and to repeal all other laws, or parts or sections
of all other laws so far and no further as the same con-
flict or be inconsistent with the provision of (his Act.


 

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Session Laws, 1910 Session
Volume 487, Page 920   View pdf image (33K)
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