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Session Laws, 1924
Volume 568, Page 1151   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1151

WHEREAS, By an Act of the General Assembly of Maryland,
passed at the Session of 1910, being Chapter 43 of the Acts
of said Session, the Burgess and Commissioners of Middle-
town were authorized and empowered to issue bonds in the
name of said municipal corporation in the amount of two
thousand, five hundred dollars, payable 15 years after date
and redeemable at the pleasure of the Burgess and Commis-
sioners at any time after the expiration of ten years from
respective dates; and

WHEREAS, The said Burgess and Commissioners of Middle-
town, by virtue of the power of said Act, did issue and sell
said bonds to an amount aggregating fifteen thousand, five
hundred dollars; and

WHEREAS, The increasing demands upon the water system
of the town, by reason of the growth of the population thereof,
and the increasing demand of water for general purposes and
for the use of fire-fighting apparatus, has necessitated the
expenditure of certain sums of money in excess of the amount
of money available from the ordinary resources of said town;
therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Burgess and Commissioners of Middletown,
Frederick County, Maryland, are hereby authorized and em-
powered to issue bonds in the name of said municipal cor-
poration to an additional amount not exceeding ten thousand
dollars, which said bonds shall be issued in sums of not less
than five hundred dollars each, sealed with the corporation's
seal, signed by the Burgess and countersigned by the Register
of said town, each of said bonds to be payable fifteen years
after their date, redeemable, however, at the pleasure of the
said Burgess and Commissioners at any time after the expira
tion of ten years from their respective dates, and to bear inter-
est not to exceed the sum of five per centum per annum, pay-
able semi-annually, and provided that before any bonds are
issued under the provisions of this section the question of issu-
ance thereof, and the purpose for which the same are to be
issued shall be submitted to the qualified voters of said town,
either at the annual election or a special election called for
the purpose, and the said issuance of bonds be approved by a
majority of the qualified voters of said town voting at said
election.

 

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Session Laws, 1924
Volume 568, Page 1151   View pdf image (33K)
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