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Session Laws, 1931
Volume 580, Page 34   View pdf image (33K)
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34                           LAWS OF MARYLAND.                   [CH. 19

prompt payment of the interest thereon, the Town Commis-
sioners of Centreville shall levy a special tax on each one hun-
dred dollars, of the assessed value of all property, real and
personal, in the corporate limits of said town of Centreville,
subject to taxation, in addition to the other taxes now author-
ized to be levied and collected by said corporation, such sum
or sums of money as shall be necessary to pay the annual in-
terest on said bonds, and to pay said bonds as they respectively
mature; said special tax shall be known as "The Electric Plant
Improvement Tax" and shall be levied at the same time, and
shall become due and in arrear at the same time, and shall
bear interest from the same date, and shall be liens on all
property of the person or corporation assessed, and shall be
collected in the same manner as other taxes now authorized to
be levied, assessed and collected by said corporation. The
proceeds of said special tax shall be kept separate from the
other funds of said corporation and shall be used for the pay-
ment of the interest on said bonds, and for the payment of said
bonds, and for no other purpose whatsoever.

SEC. 4. And be it further enacted. That the Town Com-
missioners of Centreville shall keep a full registry of the bonds
authorized under this Act to be issued, with the name or names
of the purchasers thereof, the date of issue, date of maturity
and amount of each bond. When a bond is redeemed, said
bond shall at once be cancelled on its face, and the entry of
said cancellation shall be made in said book of registry.

SEC. 5. And be it further enacted, That the Town Com-
missioners of Centreville are hereby given authority and are
hereby directed to pass such ordinances as may be necessary to
carry out the provisions of this Act.

SEC. 6. And, be it further enacted, That this Act is here-
by declared to be an emergency law and necessary for the
immediate preservation of the public health and safety, and
same being passed by a yea and nay vote, supported by three-
fifths of all the members elected to each of the two Houses
of the General Assembly, shall take effect upon the date of its
passage.

Approved March 13, 1931.

 

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Session Laws, 1931
Volume 580, Page 34   View pdf image (33K)
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