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Session Laws, 1916
Volume 534, Page 19   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 19

to the voters of said City at the City Election to be held
on March the twenty-first, nineteen hundred and sixteen,
and to provide for the advertisement and sale of the same.
Said Bonds to be known as Bridge Bonds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Cumberland
be, and it is hereby authorized and empowered to issue Bridge
Bonds to the amount of Sixty Thousand Dollars, and to sell
the same; said Bonds to be of the denomination of One Thou-
sand Dollars, and shall be exempt from State, County and
Municipal taxes; said Bonds to be signed by the Mayor of
the City of Cumberland and attested by the City Clerk, with
the corporate seal of said City thereunto attached, and to bear
interest at the rate of not more than four and one-half per
centum per annum, payable semi-annually, for which interest
proper coupons are to be attached to said Bonds; said Bonds
to be payable to the amount of Five Thousand Dollars in each
year, after the year of their issue, according to the serial
number of said Bonds; provided that at the General Election
to be held in the City of Cumberland on March twenty-first,
Nineteen Hundred and Sixteen, the voters of the City of
Cumberland, by a majority of the votes cast thereat on said
question, decide that said Bonds shall issue; and there shall
be placed upon the ballot used at said Election the words "For
Bridge Bonds, " and the words "Against Bridge Bonds. " If
the majority of voters on said question shall vote for the
Bridge Bonds aforesaid, then said Bonds shall issue; and if
a majority of said voters shall vote against the issuing of said
Bonds, then this Act shall become null and void. If the ma-
jority of the votes cast on said question shall vote for the issu-
ing of said Bonds the Mayor and City Council of Cumberland
shall cause an advertisement to be inserted in at least two
daily newspapers of the City of Cumberland once a week for
four consecutive weeks, stating the time and place, and when
and where the bids will be opened, and asking therein for bids
on said Bonds. The said Bids shall be filed with the City
Clerk of the City of Cumberland, and at the time and place
advertised, shall be opened by him in the presence of the
Mayor and City Council of Cumberland; and if the said Bids
are satisfactory to the Mayor and City Council, it shall sell
said Bonds as far as possible to the highest bidder or bidders,
or it may, if the bids are unsatisfactory, refuse any and all
bids, and readvertise for further bids as above specified.

 

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Session Laws, 1916
Volume 534, Page 19   View pdf image (33K)
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