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Session Laws, 1953
Volume 606, Page 459   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 459

(c) For the purpose of paying the interest on said notes
and/or bonds and for redeeming said notes and/or bonds
as they mature, the Town Commissioners of Indian Head
shall annually levy a tax upon the assessable property of
said town sufficient to pay the annual interest on said
notes and/or bonds and to redeem said notes and/or bonds
as they become due until all said notes and/or bonds shall
mature and be redeemed. The taxes so levied shall be col-
lected in the same manner as other taxes are levied and
collected in said town.

(d) The Town Commissioners of Indian Head are hereby
authorized and empowered to do all acts and things neces-
sary to issue and sell said bonds, to have the same registered
if necessary, and to issue negotiable promissory notes, and
to do all things necessary to carry out the purposes of this
Act, even though the same may not be specifically men-
tioned herein or in the Charter of the Town of Indian Head
or in any other Act relating to said town.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved March 31, 1953.


CHAPTER 254
(House Bill 542)

AN ACT to authorize and empower the County Commis-
sioners of Wicomico County to borrow upon the faith
and credit of Wicomico County the amount of One
Million Six Hundred Thousand Dollars ($1, 600, 000. 00)
and to issue and sell coupon bonds therefor, to be known
as "Wicomico County School Bonds of 1953"; the pro-
ceeds thereof to be used by the County Commissioners of
Wicomico County and the Board of Education of Wi-
comico County for the construction, completing the con-
struction or aiding in construction, making additions
and improvements to and equipping of school buildings
in Wicomico County, Maryland, and to provide for the
payment of interest on said bonds and the payment of the
principal thereof by the levying of taxes.

——————

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.


 

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Session Laws, 1953
Volume 606, Page 459   View pdf image (33K)
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