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Session Laws, 1920
Volume 539, Page 1151   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR 1151

SEC. 2. And be it further enacted, That the said Commis-
sioners of Thurmont shall have power and authority, and
are hereby required to levy all necessary taxes upon the prop-
erty within the taxable limits of said Corporation of Thurmont
for the payment of the interest on the bonds hereby author-
ized to be issued, as well as for the payment of the said bonds
at maturity, and shall create a sinking fund for that purpose
and levy the necessary taxes therefor, said tax not to exceed
ten cents on the hundred dollars in addition to the tax already
authorized by law to be collected by said town commissioners.

SEC. 3. And be it further enacted, That the said bonds,
shall be issued from time to time as the Commissioners of
Thurmont shall deem it necessary for the purposes of 'this
Act and shall be sold at public or private sale at not less-
than their face value, but each sale shall be first advertised
in some newspaper published in Frederick County at least
two weeks before sale is made and the proceeds thereof shall
not be used for any other than the purpose of this Act.

SEC. 4. And be it further enacted, That before this Act
shall become operative to authorize the said Commissioners
of Thurmont to issue said bonds, the question shall be sub-
mitted to the qualified voters of Thurmont at a regular or
special election for approval or rejection by such qualified
voters, and in pursuance of the provision of an ordinance
to be passed therefor, of which election and the fact that the
question is to be submitted to the voters, notice shall be given
at least twenty-one days previous to such election, posted in
five or more public places in said town, and also by at least
three insertions in the local newspaper published in Thur-
mont, if there be such paper published, and if no paper is
published in said town, then in some newspaper published in
Frederick County, explaining to the qualified voters the ques-
tion to be submitted, at which election the qualified voters
of Thurmont shall determine by ballot whether the bonds
hereinbefore provided for shall be issued or not and at which
election there shall be written or printed on the ballots of
said voters the words "For Issue of Bonds" or "Against
Issue of Bonds," and if a majority of the ballots cast shall
contain the words "For Issue of Bonds," then this Act shall
become operative and binding; but if a majority of said'
ballots shall contain the words "Against Issue of Bonds,"


 

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Session Laws, 1920
Volume 539, Page 1151   View pdf image (33K)
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