clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1916
Volume 534, Page 577   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

EMERSON C. HARRINGTON, GOVERNOR. 577

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Dorchester County are
hereby authorized, empowered and required, for the purpose-
hereinafter declared, to borrow money on the faith and credit of
Dorchester County to the amount of thirty-five thousand dollars,
and to issue their bonds therefor, the said bonds to be issued
in denominations of five hundred dollars each, to bear interest
at a rate not exceeding five per cent, per annum, payable semi-
annually on the first day of January and the first day of July
in each and every year until the same are paid, coupons to be
attached to said bonds for each of said semi-annual interest
payment to be signed by the President of the said County Com-
missioners of Dorchester County, the said signature either to
be printed or written thereon, the said bonds to be signed also
by the said President and by the Treasurer of said County, and
to have the corporate seal of said Dorchester County affixed
thereto. Said bonds shall mature as follows: Seven thousand,
dollars of the same at the expiration of five years from the date
of their issuance; seven thousand dollars at the expiration,
of ten years from the date of their issuance; seven thousand
dollars at the expiration of fifteen years from the date of their
issuance; seven thousand dollars at the expiration of twenty:
years from the date of their issuance; and seven thousand dollars
at the expiration of twenty-five years from the date of their,
issuance. The said County Commissioners, after the issuance,
of said bonds, or any installment thereof as hereinafter speci-
fied, shall levy annually upon the assessable property of said
County a sum sufficient to meet and pay promptly the interest
on the said bonds, and shall likewise levy upon the assessable
property of said County a sum sufficient to meet the principal of
said bonds at their maturity; the said levy for the principal as
aforesaid to be made in such years as will enable the said County
Commissioners to collect the money necessary for the punctual
redemption and payment of said bonds.

SEC. 2. And be it enacted, That the said bonds shall be
dated on the first day of July in the year of their issuance
and the said bonds, in the discretion of the said County Com-
missioners, may all be issued at one time, or in five install-
ments according to the order of their maturity as above set forth,
but whether sold all at one time, or in installments as aforesaid,
the said County Commissioners shall advertise the said sale in
two newspapers published in Dorchester County aforesaid, and
also in a newspaper published in Baltimore City, if they

19

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1916
Volume 534, Page 577   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives