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Session Laws, 1920
Volume 539, Page 1131   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR 1131

sition presented by the petition first filed .shall be printed upon
the ballot. The sample ballots relating to any such election
district shall have printed upon them the substance of the pe-
tition as constitutional amendments are now required to be
printed upon said ballots. The vote on said proposition shall
be canvassed and returned as the vote on constitutional amend-
ments are now canvassed and returned, except that the Board
of Supervisors of Elections after final canvass shall certify the
result of said vote to the County Commissioners of Prince
George's County. If the result of such vote as so certified
shall show a majority in favor of a special tax levy the County
Commissioners shall annually thereafter levy against the prop-
erty assessed for purposes of taxation within said election dis-
trict the amount so voted upon and for the number of years so
voted upon; and if the result of such vote as so certified show
a majority in favor of a special bond issue the County Com-
missioners shall forthwith borrow upon the faith and credit of
said county the sum so voted upon and shall issue bonds over
their hands and seals maturing at such time and in such de-
nominations, either registered or coupon, as they may deter-
mine bearing interest at a rate not exceeding six per cent.,
payable semi-annually and shall sell the same at public auc-
tion to the highest bidder for cash, after due advertisement in
such papers and for such time as they may determine. In or-
der to pay the interest on said bonds and to provide for the
payment at maturity the County Commissioners shall annu-
ally levy against the assessable property within such election
district an amount sufficient to pay the interest on said bonds
and to provide for the payment of the same at maturity; they
shall create a sinking fund by annual deposits in some bank
which shall equal the amount of said bonds at their maturity,
and the sinking fund so created shall not be diverted or used
for any other purpose whatsoever. At no time shall the aggre-
gate special tax levy for road purposes in any district exceed
fifty cents on the one hundred dollars or seven and one-half
per cent of the assessable property in bonds. The amount so
received from said special tax levy or the sale of said bonds
shall be credited to said election district and shall be paid as
the apportionment of said election district from the general
road funds is paid under this Act.

Approved April 16. 1920.


 

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Session Laws, 1920
Volume 539, Page 1131   View pdf image (33K)
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