clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1941
Volume 582, Page 234   View pdf image (33K)
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

234 LAWS OF MARYLAND. [CH. 184

and Council of Crisfield, said bonds or any part thereof
may be offered for sale at private sale at the best prices
obtainable therefor, provided, however, that under no
circumstances shall said bonds be sold at less than the par
value thereof. The authority to issue and sell bonds here-
in granted shall be exempt from all of the provisions of
Chapter 630 of the Acts of the General Assembly of Mary-
land, passed at its January Session in the year 1939, and
none of the provision of said Act shall have any bearing
or effect upon the issue of bonds herein authorized.

SEC. 5. And be it further enacted, That the proceeds
of the sale of said bonds shall be paid by the purchasers
thereof to the City Clerk of Crisfield, who shall first de-
duct from said proceeds all amounts paid on account of
accrued interest which shall be set aside for the account
of the first maturing interest coupons on said bonds. The
balance of said proceeds, including any premium received
for said bonds, shall be held by said Clerk for use by the
Mayor and Council of Crisfield exclusively for the purpose
of repairing and improving Somerset Avenue, one of the
public streets in said municipality. Upon the completion
of said repairs and improvements, the balance of the pro-
ceeds of the sale of said bonds, if any, may be used by the
Mayor and Council of Crisfield for the repair and improve-
ment of any other street or streets within the corporate
limits of said City. The City Clerk shall also pay from
said proceeds, upon direction of the Mayor and Council
of Crisfield, all expenses incurred in the issuance and sale
of said bonds, including the cost of engraving or printing
the same, the cost of advertising said bonds for sale and
all other incidental costs and expenses, including legal
expenses, connected with the issuance thereof.

SEC. 6. And be it further enacted, That in order to pro-
vide for the payment of the principal and interest of said
bonds as the same shall mature, the Mayor and Council
of Crisfield shall, in the fiscal year during which said bonds
are issued, and in each fiscal year thereafter, levy upon all
the assessable property within the corporate limits of said
municipality a tax or taxes in an amount or amounts suf-
ficient to pay the interest on said bonds as the same shall
become due and to provide for the redemption thereof at
maturity. Said taxes shall be levied and collected as other
taxes are levied and collected by the Mayor and Council of
Crisfield and shall be treated in all respects as to priority
of lien and other rights as are the regular taxes levied by
the Mayor and Council of Crisfield for its general munici-
pal purposes. In order to provide for the payment of the

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1941
Volume 582, Page 234   View pdf image (33K)   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives