EMERSON C. HARRINGTON, GOVERNOR. 1497
mature, a pledge of the money authorized to be paid to the
said city and which the said city is entitled to receive under
Section 192, Chapter 180, Acts of the General Assembly of
Maryland of 1890, aforesaid, and the purchasers and holders
of said bonds shall have the right to rely and insist upon said
security so pledged to him or them until said bonds are fully
paid, and in case it shall happen that in any year the money
received by the said Mayor and City Council under and by
virtue of Section 192, Chapter 180, Acts of 1890, aforesaid,
shall be less than one thousand dollars, then the Mayor and
City Council shall, whenever and as often as such deficit shall
occur, levy upon the assessable property of said city and col-
lect a sum which, together with the sum received by them
under and by virtue of Section 192, Chapter 180, Acts of 1890,
aforesaid, will amount to said sum of one thousand dollars
and place the same in the sinking fund, and the provisions of
this section shall enure to the purchaser or purchasers of said
bonds, their heirs, executors, administrators, or assigns, and
shall be a part of the obligation expressed in said bonds.
Section 395. The Mayor and City Council of Havre de
Grace shall deposit the money received from the sale of said
bonds in some bank or banks of said city, subject to the order
of the Mayor and City Council, for the payment of the debt
due the Havre de Grace Water Company, extending the outlet
of the city sewers, providing buildings and equipment for the
city fire department and improvements to the streets of said
city, and for no other purposes. In the event that the Mayor
and City Council shall pay, or authorize to be paid, any of the
money received from the sale of said bonds for other purposes
than mentioned in this Act, then the said Mayor and City
Council, as individuals, shall be liable to the city of Havre de
Grace in their personal capacity for the money so expended.
Section 396. John A. Russell, Richard H. Smith, Murray
Vandiver, Isaac Hecht, Clarence A. Pusey and Daniel W.
Hopkins, together with the Mayor and City Attorney, ex officio,
shall be and they are hereby appointed a Commission. The
said Commission, or majority thereof, is hereby authorized
and empowered, by virtue of this Act, to extend the outlet of
the city sewer, to acquire land, erect buildings and provide
equipment for the city fire department, to improve the streets
of the city, or to do any or all of these things, or any part or
parts thereof, in such manner and by such methods as said
Commission, or a majority thereof, shall determine. The said
|
|