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Session Laws, 1927
Volume 569, Page 241   View pdf image (33K)
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ALBERT G. RITCHIE, GOVERNOR. 241

cipal improvements as in its judgment shall be necessary or
desirable.

SEC. 2. And be it further enacted, That The Mayor and
Aldermen of Frederick is hereby authorized and empowered.
to provide by ordinance or ordinances, at such time or times
as it shall think proper, for the issue and sale of said bonds,
or any part thereof, for any or all of the purposes set forth
in this Act, and all bonds issued in pursuance of this Act and
in accordance with the ordinance or ordinances passed in pur-
suance thereof, for any or all of the purposes set forth herein,
may be issued and sold at one time and included in one issue
of bonds, or may be issued and sold at different times and em-
bodied in several issues of bonds, provided however that if
said bonds shall be sold at different times and included in
several issues of bonds, the first issue thereof shall be de-
scribed Series A, the second Series B and so on in alphabet-
ical order, until all of said bonds shall have been issued, pro-
vided that the total amount of bonds issued under this Act,
for all purposes hereinbefore set forth, shall not exceed in the
aggregate One Hundred and Seventy-Five Thousand Dollars
($175, 000. 00) par value, and any ordinance or ordinances pro-
viding for the issue of said bonds, or any part thereof, shall
specify the amount of bonds to be issued for each or any of
the purposes hereinbefore set forth. All or any of the bonds
hereby authorized to be issued may be registered, as to the
principal thereof, by the holders thereof, in the event the hold-
ers desire to have said bonds registered, and the City Register
shall keep a separate book for that purpose and record therein
the names of the holders thereof, and all transfers and assign-
ments thereof. And said bonds shall be known as "Public
Improvements Bonds of Frederick City, Maryland. "

SEC. 3. And be it further enacted, That The Mayor and
Aldermen of Frederick is hereby authorized and empowered to
sell said bonds, or any part thereof, by bid upon sealed pro-
posals, after having given at least three weeks public notice
by advertisement inserted in at least two newspapers pub-
lished in Frederick City and such other notice as it shall think
proper, provided that said bonds shall not be sold except for
cash. Said bonds when issued shall be exempt from State,
county and municipal taxation.

SEC. 4. And be it further enacted. That The Mayor and
Aldermen of Frederick is hereby authorized and empowered to
do all things necessary for the issuance of said bonds, or any
part thereof and their offering for sale under the most advan-
tageous conditions, which it may think proper, said bonds to

 

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Session Laws, 1927
Volume 569, Page 241   View pdf image (33K)
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