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Session Laws, 1927
Volume 569, Page 25   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 25

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and the same
being passed upon a yea and nay vote supported by three-fifths
of all the members elected to each of the two Houses of the
General Assembly, shall take effect from the date of its passage.

Approved March 11, 1927.

CHAPTER 16.

AN ACT to authorize and empower the Commissioners of Del-
mar, Wicomico County, Maryland, to issue bonds in an
amount not exceeding the sum of One Hundred Thousand
Dollars ($100, 000. 00), to provide for the construction, exten-
sion, maintenance and operation of sewerage and storm-water
drainage systems; to provide for the levy of taxes, assessments
and benefits, charges and rates, for the payment of said bonds,
and the operation, maintenance, regulation and control of
said systems; to provide for the condemnation of property
and to provide penalties for the violation of the provisions
of this Act.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of providing funds for the design-
ing, construction, establishment, condemnation, maintenance
and operation of the sewerage and storm-water drainage sys-
tems in the Town of Delmar, Wicomico County, Maryland, the
Commissioners of Delmar be, and they are hereby authorized,
empowered and directed to issue bonds from time to time in
such amounts as may be deemed necessary to carry on the said
work, but at no time shall the total amount of such bonds ex-
ceed the sum of One Hundred Thousand Dollars ($100, 000. 00);
said bonds shall be either registered or coupon bonds, issued
in such denominations as shall. be determined by the Commis-
sioners of Delmar by ordinance; shall bear interest not exceed-
ing five per cent, per annum, payable semi-annually, and shall
be serial type bonds and shall mature in not exceeding fifty
years from the date of issue, and shall be forever exempt from
State, County and municipal taxation. Said bonds shall be
signed by the President of the Commissioners of Delmar, with
the seal of the town of Delmar attached thereto, attested by the
Clerk of the said Commissioners of Delmar, and if coupon bonds,
the coupons thereof shall be signed by the Clerk of the Com-
missioners of Delmar or a fac-simile of his signature shall be
engraved or printed thereon. Said bonds, when signed and
attested as heretofore directed, shall be delivered to the Treas-

 

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Session Laws, 1927
Volume 569, Page 25   View pdf image (33K)
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