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Session Laws, 1931
Volume 580, Page 1103   View pdf image (33K)
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Albert 0. Ritchie, Governor.                 1103

stall a sewage disposal plant and to borrow money upon the
credit of the said municipal corporation, and issue, nego-
tiable, interest-bearing coupon bonds, in a principal amount
not to exceed three hundred and fifty thousand dollars
($350, 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 the sale of said bonds to pay for
the installation of the said sewage disposal plant, and to
authorize the acquiring of the necessary property, real and
personal, within the corporate limits of the City of Cam-
bridge, and outside the said corporate limits that may
be necessary for the installing of the said system, and to
hold an election in the City of Cambridge, to ascertain
whether or not the qualified voters within said municipal
corporation, approve or disapprove the installing of the said
system.

SECTION 1. Be it enacted by the General Assembly of
Maryland^ That the Commissioners of Cambridge be, and it is
hereby authorized and empowered and directed to install a
sewage disposal system for the City of Cambridge, so that after
installing the same it will not be necessary to drain the sewage
from the said city, into the Great Choptank River, or any-
tributary thereof.

SEC. 2. And be it further enacted, That the said The Com-
missioners of Cambridge be, and it is hereby, authorized and
empowered to borrow on the credit of the said municipal cor-
poration, for the said purpose, a sum not to exceed three hun-
dred and fifty thousand dollars ($350, 000. 00), and to issue its
negotiable, interest-bearing, coupon bonds therefor, said bonds
to be issued in denominations of one thousand dollars
($1, 000. 00) each, and to bear interest at such rate not exceed-
ing 5%, as is determined by The Commissioners of Cambridge,
the interest to be payable semi-annually, the bonds to be dated
as of such date as The Commissioners of Cambridge deter-
mine, said bonds to be signed by the Mayor of Cambridge, and
sealed with the seal of the said municipal corporation, duly
attested by the Town Clerk, or Clerk to The Commissioners of
Cambridge; and the coupons attached to the bonds, to bear
the facsimile signature of the Treasurer of Cambridge. Ten
thousand dollars ($10, 000. 00), principal amount of the said
bonds shall become due and payable on the second 1st day of

 

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Session Laws, 1931
Volume 580, Page 1103   View pdf image (33K)
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