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Session Laws, 1916
Volume 534, Page 177   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 177

SEC. 6. And be it further enacted, That all moneys aris-
ing from the sale of said bonds shall be kept as a separate
fund for the purpose of this Act, and shall be deposited in
some bank or banks in the town of Cambridge, Maryland, and
being paid out or expended only upon the order of the said
County Commissioners for the purpose of this Act, and for no
other. And the Clerk of the said County Commissioners shall
keep a full registry of the said bonds, with the names of the
purchasers thereof, and the amount realized from the sales of
the same, with the date of maturity of such bonds, and when
they have been redeemed the same shall at once be cancelled
on the face thereof and on the books of registry, and shall not
be issued again.

SEC. 7. And be it further enacted. That the said County
Commissioners may at any time issue the said bonds in such
number or numbers as in their judgment may be necessary and
proper for the objects and purposes of this Act, and the said
County Commissioners shall be and they are hereby authorized
and directed to apply and expend the moneys arising from the
sale of said bonds for the objects and purposes of this Act and
for no other, at such times and in such amounts as in their
judgment they may deem right and proper.

SEC. 8. And be it further enacted, That the said County
Commissioners are hereby authorized, empowered and di-
rected, and it shall be their duty to cause to be levied upon and
collected from the taxable property of the said County an addi-
tional tax annually sufficient to pay the said bonds and inter-
est as the said bonds and interest may severally mature as
herein provided; and the said special tax or levy shall be a lien
upon the taxable property of the said County upon, which it
is so levied in the same manner and to the same extent as other
taxes levied in said County, and the said tax shall be collecti-
ble and collected in like manner as other taxes levied in the
said County are collectible and collected; and when collected
the said special tax shall be applied as hereinbefore provided
to the payment of the said bonds as they severally mature and
the interest thereof semi-annually, when and as hereinbefore
provided; which said bonds and coupons when issued, as here-
in provided, shall be non-contestable for any cause whatsoever,
and shall be exempt from all taxes, county and municipal,
levied in Dorchester County.

 

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Session Laws, 1916
Volume 534, Page 177   View pdf image (33K)
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