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Session Laws, 1924
Volume 568, Page 980   View pdf image (33K)
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980 LAWS OF MARYLAND. [CH. 381

date. Provided, that if for any reason the commencement of
the work of constructing the water supply and sewerage system
shall be delayed beyond May 1, 1924, that the said Mayor and
Town Council of Kitzmillersville are authorized, empowered and
directed to date all of said bonds at such period of any year
in which the work of construction shall be started as may be
suitable, and to fix the maturity of said bonds at 35 years from

that date. The said bonds shall be of the sinking fund type
and shall be a lien on all the property within the jurisdiction
of the Mayor and Town Council of Kitzmillersville.

SEC. 3. And be it enacted, That when said bonds shall be exe-
cuted as herein prescribed, the said Mayor and Town Council of
Kitzmillersville shall advertise the same in at least one newspa-
per published in Garrett County, and, if they deem it advisable
in one newspaper published in the city of Baltimore, inviting
sealed proposals for the purchase of said bonds, or any part
thereof, with the privilege of said Mayor and Town Council of
Kitzmillersville to respect any or all bids. The Mayor and Town
Council of Kitzmillersville, aforesaid, may advertise the said
bonds for such length of time as in their discretion is adequate
notice to the public and may offer all of said bonds for sale at
the same time or may offer them at different intervals at such in-
stallments and amounts as they may deem advantageous to said
town in carrying on the work of constructing or acquiring the
property for which they are issued. The money arising from
the sale of said bonds shall be kept as a separate fund by the
Mayor and Town Council of Kitzmillersville to be exclusively
used for the purpose of this act, and all taxes, charges, and as-
sessments levied and collected, as hereinafter provided for the
payment of the interest and principal of said bonds, shall be
likewise kept as a separate fund by said Mayor and Town Coun-
cil.

SEC. 4. And be it further enacted, That, for the purpose of
retiring the said bonds authorized to be issued by this Act, and
the payment of the interest thereon, there shall be levied against
all the assessable property within the corporate limits of the
said town of Kitzmillersville by the Mayor and Town Council of
Kitzmillersville, annually, so long as any of said bonds are out-
standing and not paid, a tax sufficient to meet the interest or
any part of said interest on said bonds as it becomes due, and to
pay the principal thereof as they mature, said tax to be deter-
mined, levied, collected and paid over in the following manner:
at least 30 days before the tax levying period of each year

 

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Session Laws, 1924
Volume 568, Page 980   View pdf image (33K)
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