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Session Laws, 1927
Volume 569, Page 56   View pdf image (33K)
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56 LAWS OF MARYLAND. [CH. 37

WHEREAS, the Commissioners of Cambridge, a municipal
corporation in Dorchester County, has acquired land and has
proceeded to erect thereon a municipal building, as author-
ized by Chapter 170 of the Acts of the General Assembly of
Maryland 1924; and

WHEREAS, the said building is almost completed and it is
apparent that the cost of the land and building, together with
the cost of equipping and furnishing the same will be in ex-
cess of the proceeds of the sale of Sixty Thousand Dollars
($60, 000, 00) principal amount of bonds authorized by the
said Chapter 170 of the Acts of 1924; and

WHEREAS, the Fire Department of the City of Cambridge
is in need of new equipment and the size of the City war-
rants the installation of a modern fire alarm system; and

WHEREAS, the Commissioners of Cambridge have deemed
it desirable to open certain new streets in the neighborhood
of Cambridge Creek and for that purpose acquire land and
erect bulkheads along the water front in the neighborhood
of the said proposed streets; and

WHEREAS, the Commissioners of Cambridge have determined
that the health and safety of the people require the construc-
tion of sewers in certain places in the City of Cambridge;
and

WHEREAS, it is desirable that the municipal building afore-
said be promptly completed, equipped and furnished, and that
the other municipal improvements be undertaken, all of which,
buildings and improvements are urgently needed and are
permanent in nature and should be paid for over an extended
period of time, therefore—

SECTION 1, Be it enacted by the General Assembly of Mary-
land, that the Commissioners of Cambridge, a municipal cor-
poration in Dorchester County, is hereby authorized and di-
rected to borrow on the credit of the said municipal corpora-
tion the sum of Fifty Thousand Dollars ($50, 000. 00) and to
issue its negotiable interest bearing coupon bonds therefore,
said bonds to be issued in denominations of One Thousand
Dollars ($1, 000. 00) each, to bear interest at such rate not ex-
ceeding five and one-half per cent (5 1/2%) per annum, as is
determined by the Commissioners of Cambridge, payable semi-
annually, to be dated as of such date as the Commissioners of
Cambridge determine, but to bear interest only from the date
of actual issue, said bonds to be signed by the Mayor of Cam-

 

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Session Laws, 1927
Volume 569, Page 56   View pdf image (33K)
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