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Session Laws, 1939
Volume 581, Page 794   View pdf image (33K)
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794 LAWS OF MARYLAND. [CH. 363

to make and enter into any agreements as may be necessary
or appropriate to secure the benefits of an Act of the Con-
gress of the United States of America approved June 16,
1933, commonly known as the "National Industrial Recovery
Act", and any Acts amendatory thereof, and any Acts sup-
plemental thereto, and revisions thereof, and any further
Act or Joint Resolution of the Congress of the United States
of America to encourage public works.

SECTION 1. Be it enacted by the General Assembly of Mary-
land,
That the County Commissioners of Washington 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 Four Hundred Thousand
($400, 000. 00) Dollars par value, said bonds to be issued in
denominations of One Hundred ($100. 00) Dollars or any multi-
ple thereof, to bear interest at a rate not exceeding three per
centum (3%) 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
Commissioners of said county, and countersigned by the Clerk
of said county (provided that the coupons for the interest
thereon may be authenticated by the engraved, lithographed or
printed signature of the President of said Board of County
Commissioners), to have the corporate seal of said Board of
County Commissioners of Washington County affixed thereto,
and to be exempt from all State, county and municipal taxes.
The said bonds shall have written or printed on them a destinct
reference to the Act authorizing the issue, and shall be desig-
nated as "Washington County Court House Bonds".

SEC. 2. And be it further enacted. That the said County
Commissioners of Washington County are authorized and em-
powered 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 provide
for the selling of said bonds to be issued under the provisions
of this Act, the said Board of County Commissioners of Wash-
ington County, or a majority of them, are hereby directed to
advertise once a week for four successive weeks before said
bonds, or any part thereof, shall be issued, in two daily news-
papers published in the City of Hagerstown, and in such other
newspapers as may be determined by the said County Com-


 

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Session Laws, 1939
Volume 581, Page 794   View pdf image (33K)
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