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Session Laws, 1931
Volume 580, Page 592   View pdf image (33K)
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592                         LAWS OF MARYLAND.                  [CH. 216

the Board of County Commissioners for Frederick County for
the purpose of redeeming the outstanding bonds heretofore
issued under the authority of the following chapters: Chapter
125 of the Acts of 1910, $75, 000. 00; Chapter 404 of the Acts
of 1912, $75, 000. 00; Chapter 359 of the Acts of 1914,
$36, 000. 00.

SEC. 4. And be it further enacted, That the County Com-
missioners for Frederick County shall cause to be levied and
collected from the assessable property of Frederick County
such taxes as may be sufficient to- pay for the interest on the
outstanding bonds issued in pursuance of this Act as the same
may fall due and also such further additional sums as may
be required to retire and redeem said bonds when and as the
same shall mature, until all of them shall have been retired.
And said taxes shall be collected in like manner as other taxes
levied in Frederick County are collected and when collected
shall be applied to the payment of the interest on outstanding
bonds, and for the redemption of the same as they may mature
and become payable.

SEC. 5. And be it further enacted. That said bonds shall
be sold after three weeks advertisement by the County Com-
missioners to the highest bidder or bidders, provided, however,
that none of said bonds shall be sold for less than par value.

SEC. 6. And be it further enacted, That said Board of
County Commissioners for Frederick County are hereby au-
thorized in their discretion, to advertise for bids and sell said
bonds, if and when it is to the best interest of Frederick
County that the same be done.

SEC. 7. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the im-
mediate preservation of the public health and safety, and being
passed upon by a yea and nay vote, supported by three-fifths
of all of 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 6, 1931.

 

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Session Laws, 1931
Volume 580, Page 592   View pdf image (33K)
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