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Session Laws, 1836
Volume 537, Page 251   View pdf image
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18S6.

LAWS OF MARYLAND.

CHAP. 237.

principal, or]* any part thereof, within ten years from
-the negotiation of the same.

Corporation of
Baltimore may
loan to

SEC. 5. And be it enacted, That the Mayor and City
Council of Baltimore be, and they are hereby autho-
rised and empowered to loan to the said Baltimore and
Susquehanna Rail Road Company, such sum as may
be required as aforesaid, and for that purpose shall
have power to negotiate a loan, and increase the public
debt of the city by the amount hereinbefore specified.

Assent required
to give validity

SEC. 4. And be it enacted, That this act shall be of
no force and effect, until the Mayor and City Council
of Baltimore, and the parties who have executed the
bond to the State for the payment of interest to the
State until the said rail roads shall be open to the Bo-
rough of York, shall have given their assent to the
provisions of this act, and shall have deposited with
the Treasurer of the Western Shore, evidence of such
assent having been given.


CHAPTER 237.

Passed Mar.30,
1887.

A supplement to the act, entitled an act, to provide for
the building of a Court House, in Montgomery Coun-
ty, passed at December Session eighteen hundred and
thirty-jive, chapter one hundred and sixty-four.

Loan authorised

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the commissioners appointed under
the provisions of the act to which this is a supplement,
be and they are hereby authorized to borrow on the
credit of Montgomery county, such sum of money as
shall be necessary to carry into effect the original act,
to which this is a supplement, at a rate of interest not
exceeding six per centum per annum, and payable an-
nually, which sum so borrowed shall be received by
the said commissioners in such sums, and at such times

Repayment

In instalment.

as they shall determine; and shall be repaid to the
lender or lenders thereof, in annual instalments not

Limitation

exceeding three thousand dollars, exclusive of inter,
est, in any one year; provided, however, that the whole
sum borrowed, together with the amount already levied
for that purpose, shall not exceed ten thousand dollars.

[*This clause in brackets is omitted is the engrossed bill.]



 
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Session Laws, 1836
Volume 537, Page 251   View pdf image
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