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Session Laws, 1929
Volume 572, Page 981   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 981

the erection, rebuilding, equipment, enlargement, repair or
remodeling of the present Court House Building located on
its present site in the Town of Rockville, Montgomery
County, Maryland, and to provide for the payment of in-
terest on said bonds, and of the principal thereof, by the
levy of taxes, and for other purposes.

SECTION 1. Be it enacted by the General Assembly of
Maryland,
That the County Commissioners of Montgomery
County be and they are hereby authorized and empowered to
issue serial coupon bonds on the faith and credit of said county,
to the amount of not to exceed one hundred and thirty thousand
dollars ($130, 000) par value, said bonds to be issued in de-
nominations of one hundred dollars ($100. 00) or any multiple
thereof, to bear interest at a rate not exceeding five per centum
(5%) per annum, payable semi-annually in each year during
which said bonds shall be outstanding and remain unpaid, to
be signed by the President of the Board of 'County Commis-
sioners of said County, and by the Treasurer of said County
(provided that the coupons for the interest thereon may be
authenticated by the engraved, lithographed or printed signa-
ture of the President of said Board of County Commissioners),
to have the corporate seal of said Board of County Commis-
sioners of Montgomery County affixed thereto, and to exempt
from all State, county and municipal taxes. The said bonds
shall have written or printed on them a distinct reference to
the Act authorizing the issue, and shall be designated as "Mont-
gomery County Court House Bonds of 1929. "

SEC. 2. And be it further enacted, That the said County-
Commissioners of Montgomery County are authorized and
empowered to issue the said bonds and sell the same at such
time and in such manner as the said Commissioners may deter-
mine, and as herein provided. The said bonds shall be issued
in series maturing as said County Commissioners shall deter-
mine, but none of said bonds shall be issued for a longer period,
than forty years from the date of issue.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the provi-
sions of the Act, the said Board of County Commissioners of
Montgomery County, or a majority of them, are hereby directed
to advertise once a week for four successive weeks before


 

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Session Laws, 1929
Volume 572, Page 981   View pdf image (33K)
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