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Session Laws, 1929
Volume 572, Page 169   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 169

bonds at public auction or by sealed bids after having given at
least two (2) weeks' public notice thereof in one or more news-
papers published in the City of Salisbury and in one or more
newspapers published in the City of Baltimore, under the
supervision of and at such time as the Mayor and Council of
Salisbury shall order, but no bond shall be sold by sealed bids
except at prices approved by the Mayor and Council of Salis-
bury. The said Clerk of Salisbury shall deliver said bonds,
when sold, to the purchaser or purchasers thereof and receive
the money therefor, including any premiums thereon, and
shall report under oath to the Mayor and Council of Salisbury
his proceedings in the premises as soon as possible after said
sale, with the name or names of the purchasers to whom said
bonds have been sold or delivered, together with the amount
received on each bond so sold, and said money, including said
premiums, if any, shall be credited by the Clerk of Salisbury
on his books to "The Fire Department Completion Fund" to be
applied only for the purpose specified in Section 1 hereof.

SEC. 3. And be it further enacted. That the Mayor and
Council of Salisbury shall annually levy upon all property lia-
ble to taxation in the City of Salisbury, at the regular tax
levying period, an amount sufficient to meet and pay the inter-
est on said bonds so issued and outstanding and to meet and
pay the principal of said bonds as they shall severally become
due, from time to time, which tax shall be levied and collected,
and shall have the same priority rights, bear the same interest
and penalties and in every respect be treated the same as other
city taxes now are. Said amount so levied and collected shall
be kept in a separate fund to be used for the payment of said
interest and principal and for no other purpose whatsoever.

SEC. 4. 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 safety, and 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, the
same shall take effect from the date of its passage.

Approved April 2, 1929.


 

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Session Laws, 1929
Volume 572, Page 169   View pdf image (33K)
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