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Session Laws, 1916
Volume 534, Page 93   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 93

tioned in this Act, is hereby authorized and empowered to do
all things necessary for the issuance of any such bonds and
their sale under the most advantageous conditions, and it is
authorized and required to levy the necessary taxes upon the
taxable property of the corporation to provide for the payment
of the interest on such bonds, and to create a sinking fund for
their payment upon maturity, and it is authorized to do all
other things in connection with the issuance, sale and payment
of the bonds at maturity and interest thereon, as it shall accrue,
and for carrying on the work and purchasing the land and
rights of way provided for under any such ordinance as may
be necessary or proper, said bonds to be issued in such man-
ner, for such amounts, and to be payable at such time, and
to bear such rate of interest as the Mayor and Council of
Brunswick shall by ordinance provide. The Mayor and Coun-
cil of Brunswick may, in their discretion, issue serial bonds,
which shall be redeemable, fall due or mature in series or in-
stallments; and all bonds issued in pursuance of this Act shall
be exempt from County and municipal taxation.

The provisions of this Act shall not limit the power of the
Mayor and Council of Brunswick to incur any indebtedness
for the improvement, repair and extension of its water system,
or building of reservoirs and acquiring title to land which it
now possesses under the provisions of law.

Approved March 21st, 1916.

CHAPTER 51.

AN ACT to authorize the Commissioners of Aberdeen, to issue
bonds, to pay for improvements, hereafter to be made in the
town of Aberdeen, Maryland, at the direction of said Com-
missioners of Aberdeen with a referendum to the voters of
said town, attached thereto.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Commissioners of Aberdeen, be and they
are hereby authorized, in their discretion, the assent of a
majority of the legal voters of said town, voting at any elec-
tion held as hereinafter provided, having been first had and
obtained, to borrow money upon the faith and credit of the
town, and to issue bonds therefor, not to exceed in amount

 

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Session Laws, 1916
Volume 534, Page 93   View pdf image (33K)
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