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Session Laws, 1939
Volume 581, Page 115   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 115

SEC. 4. And be it further enacted, That the said The
Mayor and Council of Rockville is authorized and empow-
ered to issue said bonds and to sell the same at public or
private sale in such manner as it may, in its discretion,
determine. Said bonds shall be issued in series maturing
as said The Mayor and Council shall determine, but none
of said bonds shall be issued for a longer period than thirty
years from the date of issue.

SEC. 5. And be it further enacted, That the actual pro-
ceeds of the sale of said bonds shall be used exclusively
for the following purposes, to wit:

(a) The payment of the cost of engraving or printing
said bonds and the payment of the cost of advertising and
all other expenses in connection with the issuance of said
bonds.

(b) The obtainment of rights-of-way for the above
described extensions of the water and sewer systems of the
Town of Rockville and for the construction and mainte-
nance of such systems within that portion of the Town of
Rockville annexed to said Town by Act of the General
Assembly of Maryland of 1939, and for such enlargement
of the present water and sewer systems of said Town as
may become necessary because of said extension to said
systems.

SEC. 6. And be it further enacted, That for the purpose
of paying the interest on said bonds and for redeeming
the said bonds as they mature, 'The Mayor and Council of
Rockville shall, for the year of the issuance thereof and
annually thereafter until all of the bonds issued under the
authority of this Act shall mature and be redeemed, levy
a tax upon the assessable property within the Town of
Rockville sufficient to pay the annual interest on said bonds
outstanding and to redeem said bonds as they mature and
become due, said taxes to be collected as other taxes levied
in said Town are collected. No statute limiting the amount
of taxes which may be levied in any one year by The Mayor
and Council of Rockville, and particularly Section 813 of
Article 16 of the Code of Public Local Laws of Maryland,
shall be construed to limit the amount of tax to be levied
for the payment of interest upon and the redemption of
said bonds.

SEC. 7. And be it further enacted, That the power and
authority conferred by this Act shall be in addition to and
supplementary to the provisions of Sections 328 to 347,


 

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Session Laws, 1939
Volume 581, Page 115   View pdf image (33K)
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