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Session Laws, 1927
Volume 569, Page 411   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 411

AND WHEREAS said Special Election was duly held on said
First day of March, 1927, at which a majority of the legally
qualified voters of said town voted "for, " and approved said
proposition—Therefore

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of Easton be and they are
hereby authorized and empowered to purchase such additional
fire equipment and appliances as they may deem necessary for
the use of said town, and to purchase land and erect thereon
such building, or otherwise provide such land and building as
in their judgment shall be suitable to house and take proper
care of the property and equipment of the Easton Fire Depart-
ment, and to supply the offices necessary for the use and needs
of the Town Government and the several departments thereof.

SEC. 2. That for the purpose of paying for such fire equip-
ment and appliances, and for paying for the purchase of land
and erection of said building, the Mayor and Council of Easton
are hereby authorized and empowered to borrow upon the faith
and credit of said town a sum of money not to exceed $30, 000.
and to issue coupon bonds therefor in the sum of One Thousand
Dollars each, to be signed by the Mayor and countersigned by the
Town Clerk with the corporate seal of the town to be affixed
thereto, to bear interest at not more than 5% to be paid semi-
annually at such place as the Mayor and Council shall designate,
to be designated as "Easton Town Building and Fire Equip-
ment Loan Bonds; " said Bonds shall be exempt from all taxa-
tion for State, County and Municipal purposes, and shall have
printed on them a distinct reference to this Act of Assembly
authorizing their issue, and a statement that the proposition for
their issue has been legally approved by the qualified voters of
the Town. Said Bonds shall all bear the same date, which
date shall be July 1st, 1927, and be numbered consecutively
from 1 to 30, inclusive, and shall mature in numerical order,
one Bond of $1, 000. in each and every year beginning with
July 1, 1928, and shall be paid at maturity by the Mayor and
Council of Easton. Said bonds shall be advertised and sold by
the Mayor and Council of Easton to the highest bidder for cash,
but shall not be sold for less than the par value thereof and
accrued interest thereon, and the proceeds therefrom shall be
used for the purpose prescribed by this Act and for no other
purpose.

SEC. 3. That for the purpose of paying and cancelling
said bonds at maturity the Mayor and Council of Easton shall
levy annually upon the assessable property of said town such
sums as may be necessary to pay the interest on all of said

 

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Session Laws, 1927
Volume 569, Page 411   View pdf image (33K)
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