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Session Laws, 1916
Volume 534, Page 498   View pdf image (33K)
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498 LAWS OF MARYLAND. [CH. 246

for the interest due and payable thereon, and which said bonds
shall have printed on them a distinct reference to this Act
authorizing their issue.

SEC. 3. And be it further enacted, That all bonds issued
under the provisions of this Act shall be redeemable as follows,
that is to say, not less than Five Hundred ($500, ) Dollars
thereof in one year from the date of their issue and thereafter
annually Five Hundred Dollars ($500) each and every year
until the whole amount of said bonds and coupons shall have
been fully paid; and to this end the said County Commissioners
shall issue the said bonds in series, redeemable in their proper
order; and the said bonds shall be sold after due advertisement
at public or private sale in the discretion of the said County
Commissioners and none of said bonds shall be sold for less
than par and accrued interest.

SEC. 4. And be it further enacted, That the said County
Commissioners shall cause to be levied upon and collected from,
the taxable property of the Third Election District of said
County an additional tax, annually sufficient to pay the said
bonds and interest as the said bonds and interest, or coupons,
may severally mature, as provided herein; and the said special
tax or levy shall be a lien upon the taxable property of the
said Third Election District, and the said tax shall be collected
in a like manner as other taxes levied in said county are collected,
and when collected shall be applied as hereinafter provided, to
the payment of the said bonds as they severally mature and the
interest thereon, semi-annually, which said bonds and coupons,
when issued shall be a lien upon the taxable property of the
said Montgomery County and shall be noncontestable for any
cause whatsoever, and the said bonds and coupons, so issued,
when redeemed, whether before or at maturity, shall be can-
celled, and it shall be the duty of the said County Commissioners
to immediately cancel the same.

SEC. 5. And be it further enacted, That the said County
Commissioners be and they are hereby authorized, empowered
and directed to apply the proceeds of the bond issue, herein
authorized, to the extent of Twenty Thousand Dollars ($20, 000),
together with the certain donations of Four Thousand Dollars
($4, 000), as hereinafter provided to the payment for the build-
ing, improving and relocating the public road leading from the
State Road at Dawsonville to Poolesville, known as the Pooles-
ville road, within the Third Election District of said Mont-

 

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Session Laws, 1916
Volume 534, Page 498   View pdf image (33K)
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