8 LAWS OF MARYLAND. [CH. 5
ence of the Mayor and Councilmen in public meeting; and if
the said bids are satisfactory, the Mayor and Councilmen shall
sell the said bonds to the highest bidder or bidders. The Mayor
and Councilmen may, if in their opinion the bids are insuffi-
cient or unsatisfactory, or for any reason, refuse any and all
bids and may re-advertise for further bids as above specified
from time to time until all of said bonds are sold.
SEC. 2. And be it enacted, That upon the issuance of said
bonds the amount of money so received therefor shall be placed
in a fund and used by the Mayor and Councilmen in paving
and re-paving, grading and re-grading, such streets, lanes and
alleys or parts thereof, as they shall deem proper under all the
powers given the said Mayor and Councilmen under Section
153 of Article 1 of the Code of Public Local Laws as amended
by the General Assembly of Maryland in 1922, with all the
rights and privileges to the said Mayor and Councilmen of
Frostburg to file liens and collect the same as is therein se-
cured to said Mayor and Councilmen by said Section, and
when any amounts are collected against property holders by
reason of said improvements, the money so collected shall be
again placed in the said improvement fund and used for said
purposes of new improvements on other streets, and the same
system of collecting the money and of making improvements
shall continue until such time as the Mayor and Councilmen
may direct or until such funds shall become exhausted.
SEC. 3. Be it enacted, That in the event said bonds are
issued, the Mayor and Councilmen of Frostburg may levy such
a tax upon the assessable property within said city as may be
necessary to pay off said bonds when and as the same shall
become due and payable, and to pay the interest upon the bonds
hereby authorized.
SEC. 4. And be it further enacted, That before this Act
shall become operative the Mayor and Councilmen of Frost-
burg shall submit the question of issuing the aforesaid bonds
to the qualified voters of said town at either the next, succeed-
ing general municipal election or at a special election to be held
in said town at a time to be designated by the said Mayor and
Councilmen and of which due notice shall be given by the
Mayor and Councilmen by advertisement in both daily news-
papers published in Allegany County and by handbills dis-
tributed throughout said town, said advertisement of said elec-
tion to be given at least twenty days before the date set for
|
|