ALBERT C. RITCHIE, GOVERNOR. 815
Brunswick, at any general election or at any special election,
or elections, which it is hereby authorized to call for any or
all of the purposes of improving and developing the water sys-
tem and completing the reservoir of the town of Brunswick,
in Frederick County, Maryland, which said election or elec-
tions shall be held at such times and places and in such man-
ner as said Mayor and Council shall by ordinance or ordinances
provide; and provided that no election shall be held under this
Act prior to September 15, 1922, but no such bonds shall be
issued and sold unless the duly qualified voters of the town of
Brunswick, at any such election shall by a majority of the
votes duly cast declare their assent to the issuance and sale of
the bonds therein mentioned, or any of them, and the pur-
poses to which the money derived from the sale of any such
bonds shall be applied, provided always that the aggregate of
the bonds to be issued under this Act shall not exceed twenty
thousand ($20,000) dollars.
SEC. 3. Se it enacted, That the Mayor and Council of
Brunswick, Frederick County, Maryland, upon the approval
by a majority of the votes duly cast by the qualified voters of
the town of Brunswick at such general or special election, or
elections, for the issuance of bonds for the purposes mentioned
in this Act, is hereby authorized and empowered to do all
things necessary for the issuance of any such bonds and their
sale under the most advantageous conditions, and it is author-
ized and required to levy the necessary taxes upon the taxable
property of the corporation to provide for the payment of the
interest on such bonds, and to create a sinking fund for their
payment upon maturity, and it is authorized to do all other
things in connection with the issuance, sale and payment of
the bonds at maturity and interest thereon, as it shall accrue,
and for carrying on the work of improving and developing the
water system and completing the reservoir of the town of
Brunswick, in Frederick County, Maryland, provided for un-
der any such ordinance or ordinances as may be necessary or
proper, said bonds to be issued in such manner, for such
amounts, and to be payable at such time, and to bear such
rate of interest as the Mayor and Council of Brunswick shall
by ordinance provide. The Mayor and Council of Brunswick
may, in their discretion, issue serial bonds, which shall be re-
deemable, fall due or mature in series or in installments; and
all bonds issued in pursuance of this Act shall be exempt from
county and municipal taxation.
|
![clear space](../../../images/clear.gif) |