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Session Laws, 1924
Volume 568, Page 52   View pdf image (33K)
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52 LAWS OF MARYLAND. [CH. 31

SEC. 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 Baltimore County shall, for
the year 1925 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 paya-
ble, and also in addition thereto the said County Commis-
sioners of Baltimore County shall, for the year 1927 and
annually thereafter levy a tax upon the assessable property
in said county sufficient to pay and retire all of said bonds as
they shall mature.

SEC. 6. And be it further enacted, That before the issuance
of said bonds the question of the issuance of said bonds shall
be submitted to a vote of the duly registered voters of Balti-
more County at the election to be held in said county on the
Tuesday after the first Monday of November, 1924, 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 those 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 Balti-
more County, and the said clerk shall certify the same to the
County Commissioners; and if a majority of the duly regis-
tered voters of Baltimore County voting at said election de-
clare in favor of the issuance of said bonds, the County Com-
missioners of Baltimore County shall be authorized and em-
powered to issue said bonds as and for the purposes provided
in this Act; and if a majority of the duly registered voters of
Baltimore County voting at said election declare against the
issuance of said bonds then the provisions of this Act shall be
null and void and none of the said bonds shall be issued.

SEC. 7. And be it further enacted, That no purchaser of
any of the bonds authorized by this Act and no holder thereof,
for value and in good faith, shall be bound to see to the ap-
plication of the purchase money of said bonds and the rights

 

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Session Laws, 1924
Volume 568, Page 52   View pdf image (33K)
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