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Session Laws, 1927
Volume 569, Page 55   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 55

be diverted from the purposes of this act. The money arising
from the sale of said bonds shall be paid to the Mayor and City
Council of said town and by the said Mayor and City Council
deposited in some safe bank and shall only be drawn therefrom
on checks signed by the Mayor and countersigned by the Sec-
retary and Treasurer.

SEC. 4. E e it further enacted as aforesaid, That the Mayor
and City Council of Ocean City shall select some depository in
which to deposit the money necessary for the payment of the
principal and interest on said bonds when the same mature and
become due and shall designate said bank on said bonds and the
coupons thereto attached.

SEC. 5. Be it further enacted as aforesaid, That the money
arising from the sale of said bonds, or so much thereof as may
be necessary, shall be available for the purpose of improvements
of the streets and highways of said town, to the extension and
betterment of the water systems, and sewerage system of said
town and to such other proper public purposes as in the judg-
ment of the said Mayor and City Council may seem advisable.

SEC. 6. Be it further enacted as aforesaid, That this act is
hereby declared to be an Emergency Law and necessary for
the immediate preservation of the public safety, and being-
passed upon a yea and nay vote supported by three fifths of the
members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its passage.

Approved March 11, 1927.

CHAPTER 37.

AN ACT to authorize and direct the Commissioners of Cam-
bridge, a municipal corporation in Dorchester County, to
borrow money upon the credit of the said municipal corpora-
tion and issue negotiable coupon bonds in the principal
amount of Fifty Thousand Dollars ($50, 000. 00); and to levy
and collect annual taxes upon all the assessable property of
said municipal corporation to pay the principal and interest
upon said bonds when due; and to use the proceeds of sale
of said bonds to pay for certain permanent municipal im-
provements now or hereafter to be made.

 

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Session Laws, 1927
Volume 569, Page 55   View pdf image (33K)
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