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Session Laws, 1916
Volume 534, Page 881   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 831

SEC. B. And be it further enacted, That the said County
Commissioners are hereby authorized, empowered and directed
to apply the net proceeds arising from the sale of said bonds, or
so much thereof as may be necessary, to the payment of the
notes given by said County, outstanding on the date of the sale
of said bonds, and for no other purpose whatsoever, and the sur-
plus, if any, there be, to be deposited with the general fund of
said County.

SEC. 4. And be it further enacted. That the bonds issued
under the authority of this Act shall be designated as "County
Funding Bonds, " and the money arising from the sale thereof
shall be paid to the joint order of the President of the Board
of County Commissioners of Caroline County and the County
Treasurer thereof, and shall be deposited by the County Treas-
urer separately from the other funds belonging to said County,
and shall be paid out only by the check of the County Treasurer
of Caroline County, countersigned by the President of the
Board of County Com missioners of Caroline County; and no
part of said fund shall be used for any other purpose than that
designated in this Act.

SEC. 5. And be it further enacted, That the said County
Commissioners in each and every year, beginning with the year
nineteen hundred and sixteen, at the time of making their
annual levy upon the assessable property in Caroline County,
shall levy a tax sufficient to raise a sum of money large enough
to pay the interest as it falls due on all of said bonds issued
and outstanding under the provisions of this Act, and, in addi-
tion thereto, they shall levy in each and every year, beginning
with the year nineteen hundred and sixteen aforesaid, the fur-
ther sum of five thousand dollars for the purpose of redeeming
said bonds as they shall mature aforesaid, until all of said
bonds are paid.

SEC. 6. And be it further enacted, That this Act shall take
effect on the first day of June, nineteen hundred and sixteen.

Approved April 11th, 1916.

CHAPTER 455.

AN ACT to add a new section to Article 4, of the Public Local
Laws of Maryland, as the same was amended and re-enacted
by Chapter 567 of the Acts of 1912, title "City of Balti-

 

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Session Laws, 1916
Volume 534, Page 881   View pdf image (33K)
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