A. W. BRADFORD, ESQUIRE, GOVERNOR.
CHAPTER 76.
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83
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AN ACT to authorize the County Commissioner
for Frederick county to borrow money to fur-
nish the new Court House.
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Passed Feb.
26, 1862.
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SECTION 1. Be it enacted by the General Assembly
of Maryland, That the County Commissioners for
Frederick county be and they are hereby author-
ized to borrow from time to time, not exceeding
the sum of eight thousand dollars, to furnish the
new Court House, and to repair the grounds around
the same.
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Commission-
ers authorized
to borrow mo-
ney to furnish
Court House,
&c.
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Sec. 2. And be it enacted, That said County
Commissioners be and they are hereby authorized
to issue bonds in sums of not less than one hun-
dred nor more than one thousand dollars, to be
signed by the President of the Board of said
County Commissioners, and countersigned by the
Clerk of said Board, not exceeding said sum
of eight thousand dollsars, for the purposes speci-
fied in the first section of this act, said bonds to
bear interest at the rate of six per cent, per an-
num, payable semi-annually, on the first days of
January and July respectively, and not to be sold
for less than the par value thereof, and the inter-
est on said bonds shall be received by the collector
in payment of county taxes.
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Empowered
to issue bonds
bearing inter-
est.
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Sec. 3. And be it enacted, That for four thou-
sand dollars of said sum the bonds shall be issued
to mature in the year eighteen hundred and
seventy- three, and for the remaining four thou-
sand dollars the bonds shall be issued to mature in
the year eighteen hundred and seventy-four, and
the said bonds shall be redeemable, with interest,
at the pleasure of said County Commissioners at
or before the maturity thereof.
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Bonds — when
to mature, and
when redeem-
able.
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Sec. 4. And be it enacted, That said County
Commissioners, shall annually levy upon the as-
sessable property of Frederick county, in addition
to all other taxes, a tax sufficient to pay the semi-
annual interest and the principal of said bonds at
maturity, not exceeding three-fourths of a cent on
every hundred dollars, and the money thus raised
shall be applied by said County Commissioners to
the payment of the principal and interest of said
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Commission-
ers required to
levy.
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