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Session Laws, 1924
Volume 568, Page 125   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 125

vided, that no material shall be furnished directly or indirectly
or any profit or commission be received by any member of said
Commission or by any firm or corporation with which any mem-
ber of said Commission is connected and each member of the
Commission shall give bond with approved corporate security
in the sum of ($5, 000. 00) five thousand dollars for the faithful
compliance with the provisions of this Act, the cost of said bonds
shall be paid out of the aforesaid funds and that it is further
provided that in the case of death, resignation or disqualifica-
tion of any member of said Board, the County Commissioners
of Talbot County shall fill the same by appointment.

SEC. 2. And be it further enacted, That this Act shall take
effect from and after the first day of June, 1924.

Approved April 9, 1924.

CHAPTER 69.

AN ACT to authorize and empower the Mayor and City Coun-
cil of Cumberland to issue bonds to be known as "Water
Improvement Bonds of 1924" to the amount of Seven
Hundred and Fifty Thousand ($750, 000. 00) Dollars and
to sell the same, and to use the proceeds thereof for the
purpose of improving, repairing and extending, and the
other necessary purposes heretofore and hereafter affect-
ing the water system and supply of the said city, and to
provide for the advertisement of the same, and to further
provide punishment for violation of this Act.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland be and
it is hereby authorized and empowered to issue "Water Im-
provement Bonds of 1924" to the amount of Seven Hundred
and Fifty Thousand ($750, 000. 00) Dollars, payable at the end
of forty years from the date of issue, and to sell the same; said
bonds to be of the denomination of One Thousand ($1, 000. 00)
Dollars, and shall be exempt from State, County and Municipal
taxes; said bonds to be signed by the Mayor of the City of
Cumberland, and attested by the City Clerk, with the corpora-
tion seal of the city thereto attached, and to bear interest at
the rate of not more than five per cent per annum, payable
semi-annually, for which interest, proper coupons are to be
attached to said bonds; and at the end of each fiscal year, an
excess of receipts over expenses in the water fund shall be paid

 

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Session Laws, 1924
Volume 568, Page 125   View pdf image (33K)
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