1150 LAWS OF MARYLAND [CH. 561
and City Council of Baltimore to acquire from time to time
by gift, purchase, lease or other method of acquisition, or by
condemnation,'any lands or property, including franchises,
easements, rights and privileges of any and every kind, which
may be proper or desirable in connection with the objects
and purposes of this Act. and no ordinance or ordinances
shall in any case be necessary for the acceptance of any con-
veyance.
Approved April 9, 3920.
CHAPTER 561.
AN ACT to enable the Commissioners of Thurmont, in Fred-
erick County to borrow a sum not exceeding five thousand
dollars, for improvements of the Electric Light and
Power plant of the said town, and to issue bonds there-
for, and to levy and collect taxes on the assessable prop-
erty in said town for the redemption and payment of
said bonds and the interest thereon, with a proviso: That
said bonds shall not be issued unless sanctioned by a
majority of the qualified voters of said town voting at
a regular special election for that purpose.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of improving the Electric
Light and Power Plant of the Town of Thurmont, the Com-
missioners of Thurmont be, and they are hereby, authorized
and empowered to issue bonds in the name of the said muni-
cipal corporation to an amount not exceeding the sum of
five thousand dollars, in denominations of one hundred dollars
each, and each of said bonds shall be payable twenty years
after date to bearer; redeemable, however, at the pleasure
of said Commissioners of Thurmont at any time after three
years from their respective dates, and shall bear interest in
the meantime at the rate of five per cent, per annum, payable
semi-annually, according to the tenor of the coupon for said
interest to be attached to said bonds, which said bonds shall
be sealed with the corporate seal of the said Municipal Cor-
poration, and together with said coupons shall be signed by
the President of the Board of Commissioners and counter-
signed by the Clerk of said town.
|
![clear space](../../../images/clear.gif) |