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Session Laws, 1920
Volume 539, Page 441   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 441

land, That the County Commissioners of Montgomery County
be and they are hereby authorized and directed to put in good
repair and reconstruct the public highway starting at the
State Road, known as the Frederick Road, from the Baltimore
and Ohio Railroad tracks and running to the State Road, at
Muncaster's Mill Road, where the same adjoins the Laytons-
ville Road, in Gaithersburg District, of Montgomery County,
Maryland, and to use such funds, in whole or in part, for said
construction, and in such amount as may be required and
such sums or sum of money as may be allotted to Montgomery
County, for road purposes, by the State Roads Commission,
under any general law of the State of Maryland.

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County are hereby authorized
and empowered to borrow on the credit of said county, a sum
not to exceed thirty-five thousand dollars ($35,000.00) for the
purpose of putting in good repair and satisfactory to the
State Roads Commission of Maryland the said highway start-
ing at the State Road known as the Frederick Road, from the
Baltimore and Ohio Railroad tracks and running to Muncaster
Mill Road, in addition to such fund or funds as may be allot-
ted to Montgomery County, for road purposes, by the State
Roads Commission; and the said County Commissioner shall
issue coupon bonds under the corporate seal of said County
Commissioners for the amount borrowed under the provision
of this Act, in sums not less, than five hundred dollars
($500.00) ; the said bonds to bear interest from the date of
issue thereof, at the rate of not more than 5 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 coupon attached to each of said bonds, respec-
tively, 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. That all bonds issued under the provisions of this
Act shall be redeemable as follows, that is to say not less than
five hundred dollars ($500.00) thereof in one year from the
date of their issue and thereafter annually five hundred dol-
lars ($500.00) each, and every year, until the whole amount
of said bonds and coupons shall have been fully paid; and to
this end the said County Commissioners shall issue the said
bonds in series redeemable in their proper order; and the said


 

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Session Laws, 1920
Volume 539, Page 441   View pdf image (33K)
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