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Session Laws, 1927
Volume 569, Page 148   View pdf image (33K)
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148 LAWS OF MARYLAND. [CH. 112

the tenor of the coupon for said interest to be attached to said
bonds or notes, which said bonds or notes shall be sealed with
the corporate seal of said municipal corporation and together
with said coupons shall be signed by the President of the Board
of Commissioners and countersigned by the Clerk of said
Town.

SEC. 2. And be it further enacted, That the said Commis-
sioners of Thurmont shall have power and authority and are
hereby required to levy all necessary taxes upon the property
within the taxable limits of said corporation of Thurmont for
the payment of the interest on the bonds or promissory notes
hereby authorized to be issued, as well as for the payment of
said bonds at maturity and shall create a sinking fund for the
purpose and levy the necessary taxes therefor.

SEC. 3. And be it further enacted, That the said bonds or
notes shall be issued from time to time as the Commissioners
of Thurmont shall deem it necessary for the purposes of this
Act and shall be sold at public or private sale at not less than
their face value, but each sale shall be first advertised in some
newspaper published in Frederick County at least two weeks
before the sale is made and the proceeds thereof shall be used
exclusively for the general improvement of and benefit of said
corporation.

SEC. 4. And be it further enacted, That before this Act
shall become operative to authorize the said Commissioners of
Thurmont to issue said bonds or promissory notes, the ques-
tion shall be submitted to the qualified voters of Thurmont at
a regular or special election for approval or rejection by such
qualified voters, and in pursuance of the provisions of an ordi-
nance to be passed therefor, of which election and the fact that
the question is to be submitted to the voters, notice shall be
given at least twenty-one days previous to such election, ported
in five or more public places in said town and also by at least
three insertions in the local newspaper published in Thurmont,
if there be such paper published and if no paper is published
in said town, then in some newspaper published in Frederick
County, explaining to the qualified voters the question to be
submitted, at which election the qualified voters of Thurmont
shall determine by ballot whether the bonds or notes herein-
before provided shall be issued or not and at which election
there shall be written or printed on the ballots of said voters

 

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Session Laws, 1927
Volume 569, Page 148   View pdf image (33K)
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