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Session Laws, 1916
Volume 534, Page 944   View pdf image (33K)
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944 LAWS OF MARYLAND. [CH. 469

as hereinafter provided, to the said County Commissioners
to be applied by them for the purposes herein; and to col-
lect and levy taxes in the Sixth Election District of said
county for the payment of said bonds and interest coupons
thereon.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Montgomery
County be and they are hereby authorized and directed to issue
bonds in an amount not to exceed Fifteen Thousand ($15, -
000. 00) Dollars, for the purpose of building, improving and
relocating the public road from the end of the improved road
at Old Germantown to the State Road near Seneca Creek by
way of the new road through the lands of James H. Jones,
within the Sixth Election District of said county; and to levy
and collect taxes in said Sixth Election District of said county
for the payment of said bonds and the coupons thereon, as
hereinafter stated.

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County be and they are hereby
directed to borrow on the credit of the said county a sum not
to exceed Fifteen Thousand ($15, 000. 00) Dollars, for the pur-
pose of building, improving and relocating the public road from
the end of the improved road at Old Germantown to the State
Road near Seneca Creek as herein provided; and the said
County Commissioners shall issue coupon bonds under the cor-
porate seal of said County Commissioners for the amount bor-
rowed under the provisions of this Act, the said bonds to be
signed by the President of the Board of County Commissioners
and countersigned by the Clerk thereof, in sums not less than
one hundred ($100. 00) dollars and not more than five hundred
($500) dollars; the said bonds to bear interest from the date of
issue thereof at the rate of not more than five per centum per
annum, payable semi-annually, and which said interest to the
maturity of each of said bonds shall be provided for and set
forth in the coupons attached to each of said bonds, respectiv-
ly, 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. 00) Dollars
thereof in one year from the date of their issue and there-

 

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Session Laws, 1916
Volume 534, Page 944   View pdf image (33K)
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