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Session Laws, 1916
Volume 534, Page 335   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 335

said County Commissioners are unable to agree with the owner
or owners for said additional land, or with The President and
Commissioners of the town of Elkton or with any person or
persons for the right to cross the public streets or any lands
in said town for the purpose of putting in and constructing
said sewers and pipes as aforesaid, then said County Commis-
sioners shall and they are hereby authorized and empowered to
proceed to condemn the same for the use of said County in the
way and manner provided in the laws of the State of Mary-
land.

SEC. 2. And be it enacted, That for the purposes of provid-
ing money for the reconstruction or rebuilding, draining, grad-
ing and furnishing of said Court House and for the purpose of
such additional land as may be required for the above purpose,
together with the buildings thereon, the County Commissioners
of Cecil County are hereby authorized, empowered, directed
and required to borrow at such time or times as said herein-
after named Commission shall in writing designate to said
County Commissioners the sum of Sixty Thousand Dollars
($60, 000. ) or so much thereof as the said Commission shall in
writing notify said County Commissioners shall be necessary
therefor, which loan shall be made on the credit of said County
and shall be secured by an issue of coupon bonds of the par
value of not less than $100. nor more than $1, 000., said bonds
to be signed by the President of said County Commissioners,
countersigned by the Treasurer of said County with the seal
of said County Commissioners thereto affixed, which said bonds
are to be sold by the said County Commissioners at not less
than the par value thereof and are to mature at such dates as
shall not require the payment in any one year of more than
Three Thousand Dollars ($3, 000. ) thereof, the first of said
bonds maturing to become payable in three years after the
first issue of said bonds; and said bonds shall be exempt from
taxation for County and municipal purposes; that said bonds
shall bear interest at a rate not to exceed five per cent per
annum, and shall be disposed of to the highest responsible bid-
der at public letting of said bonds to be held by said County
Commissioners and the premium, if any, derived from the sale
of said bonds shall be devoted to the payment of interest on
the same.

SEC. 3. And be it enacted, That the said County Commis-
sioners shall levy annually the amount required to pay the
interest on said bonds, also the amount necessary to redeem

 

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Session Laws, 1916
Volume 534, Page 335   View pdf image (33K)
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