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Session Laws, 1920
Volume 539, Page 609   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 609

five thousand dollars to pay for same and to levy taxes
upon the 13th, 8th and 5th Election Districts of said
county to pay for the payment of interest on said bonds
and to redeem said bonds as they mature and become
payable.

WHEREAS, The road from Sligo through Burnt Mills and
in the direction of Colesville and Ashton is in a bad condi-
tion and

WHEREAS, This road traverses a highly improved and in-
tensely cultivated section and is the only outlet for several
hundred persons and truckers to the Washington Market;
therefore

SECTION 1. Be it enacted by the General Assembly of Mary,
land, That the County Commissioners of Montgomery County
be and they are hereby authorized and directed to co-operate
with the State Roads Commission in the construction of a five-
mile concrete road over the old road bed from Sligo through
Burnt Mills and on towards Colesville and Ashton. For the
purpose of aiding in the construction of the above-mentioned
road, the said County Commissioners are hereby authorized
and directed to issue serial coupon bonds on the credit of said
county to the extent of seventy-five thousand ($75,000) dol-
lars, said bonds to be issued in suras of one hundred ($100)
dollars, or any multiple thereof, to be signed by the County
Coimmissioners of said County and countersigned by the Clerk
of said Board, to bear interest at a rate not exceeding six per
cent, per annum, payable semi-annually on January first and
July first in each and every year during which said bonds
shall be outstanding and remain unpaid, and to be exempt
from State, municipal and county taxation. The said bonds
shall have written on them a distinct reference to the Act
authorizing the issue, and shall be designated as "Mont-
gomery County Road Bonds."

SEC. 2. And be it further enacted, That the said bonds
shall be dated July 1, 1920, and so issued that bonds to the
extent of five thousand ($5,000) dollars shall mature and be-
come payable on July 1st, 1922, and five thousand ($5,000)
dollars on July 1st each year thereafter until the entire issue
of said bonds shall have matured and been paid; and said
bonds shall be sold after due advertisement in such news-
papers as the said County Commissioners may deem proper


 

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Session Laws, 1920
Volume 539, Page 609   View pdf image (33K)
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