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Session Laws, 1927
Volume 569, Page 994   View pdf image (33K)
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994 LAWS OF MARYLAND. [CH. 508

said commissioner or commissioners shall give notice to all
persons interested, as required by Section 492-A of this Act,
before the amounts assessed against them are finally deter-
mined upon, and either party feeling aggrieved at the action
of said commissioner or commissioners shall have the right
to appeal as provided in Section 492-A of this Act.

492-C. The Mayor and Council of Rockville is hereby
authorized and empowered to issue and sell bonds for such
sums of money as, in its opinion, may be necessary from time
to time, for any municipal purpose whatever, and to provide
for the levy and collections of all taxes necessary for the pay-
ment of the interest on said bonds, and to create a sinking
fund for their payment upon maturity, provided that no such
bonds shall be issued unless the duly qualified voters of the
Town of Rockville, at a special or general election shall by a
majority of the votes duly cast declare their assent to the issu-
ing of any such bonds, and to that end an ordinance providing
for the issuance of any such bonds shall be submitted to the
electors of said town at any such election. Provided, however,
that no bonds shall be issued, including bonds already
issued and outstanding, to a greater amount than seven
and one-half per cent. (7 1/2%) of the assessable basis of said
town for town taxes. The ballots used when voting upon said
ordinance shall contain the words "For the Ordinance, " and
"Against the Ordinance" (stating the nature of the proposed
ordinance). The ordinance providing for the issuance of said
bonds shall designate the sum of money for which the bonds
are to be issued, and the purposes for which the money arising
from the sale of said bonds is to be applied, the denominations
of the said bonds, the rate of interest, the date of the issuance
of said bonds, the date of maturity, and the date when said
bonds may be redeemed at the pleasure of the Mayor and
Council of Rockville. Said bonds when authorized to be is-
sued, shall be sold, for cash current money, by bid upon sealed
proposal to the highest responsible bidder or bidders after hav-
ing given at least three weeks' public prior notice by adver-
tisement inserted in some newspaper published in Rockville
with the right, however, to the Mayor and Council of Rock-
ville at any time to reject any and all bids. Said bonds shall
be sealed with the corporate seal of the said town and
signed by the Mayor and countersigned by the Treasurer of
said town, or some other town official designated in said ordi-
nance. The money arising from the sale of said bonds shall

 

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Session Laws, 1927
Volume 569, Page 994   View pdf image (33K)
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