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Session Laws, 1922
Volume 563, Page 976   View pdf image (33K)
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976 LAWS OF MARYLAND. [CH. 437

SECTION 4. And be it further enacted, That out of the actual
cash proceeds of the sale of any of said bonds shall be first paid
the cost of printing and other outlays connected with their
issue, and the balance of the actual cash proceeds of the sale of
said bonds shall be deposited by the County Commissioners in
such bank or banks as the County Commissioners may designate.
Said balance of the actual proceeds of the sale of said bonds
deposited as aforesaid shall be used and expended for the pur-
pose of constructing and permanently improving the public
roads and highways of Kent County and for no other purpose.

SECTION 5. And be it further enacted, That for the purpose
of redeeming said bonds at their maturity and for the purpose
of securing the prompt payment of the interest coupons, the
said County Commissioners of Kent County shall, for the year
of 1923 and annually thereafter until the maturity of the last
of said bonds issued under the authority of this Act, levy a tax
upon the assessable property of said county sufficient to pay
the annual interest on all of said bonds that may be issued and
outstanding, as said interest becomes due and payable, and
also in addition thereto, the said County Commissioners of Kent
County shall, for the year 1924 and annually thereafter levy
a tax upon the assessable property of said County sufficient to
pay and retire all of said bonds as they shall mature until all
of said bonds shall have been paid.

SECTION 6. And be it further enacted, That before the is-
suance of said bonds the question of the issuance of said bonds
shall be submitted to a vote of the duly registered voters of
Kent County at the election to be held in said county on the
Tuesday after the first Monday of November, 1922, and the
Supervisors of Election in said County shall furnish the neces-
sary ballots for said election and shall have printed upon the
face of each ballot a distinct reference to this Act and upon
each ballot shall be printed these words with a suitable square
to the right of each:

For the Bond Issue.
Against the Bond Issue.

And the said Supervisors of Election shall certify the result
of said election to the Clerk of the Circuit Court for Kent
County and the said Clerk shall certify the same to the County
Commissioners; and if a majority of the duly registered voters
of Kent Countv voting at said election declare in favor of the

 

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Session Laws, 1922
Volume 563, Page 976   View pdf image (33K)
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