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Passed Mar.
10, 1856.
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AN ACT to authorise the county commissioners for
Baltimore county, to issue the Bonds of said coun-
ty for the purpose of redeeming the stock of Bal-
timore city held by them for the use of said county,
and by said county commissioners pledged in pur-
suance of an act of the General Assembly of Ma-
ryland of eighteen hundred and fifty-four, chapter
one hundred and forty-four.
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Commission-
ers authorised
in their discre-
tion to issue
bonds.
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SECTION 1. Be it enacted by the General As-
sembly of Maryland, That the county commissioners
for Baltimore county for the purpose of redeeming
the certificates of stock or loan of the city of Balti-
more, pledged by them for the purpose of securing a
loan obtained from the Savings bank of Baltimore, for
the purposes mentioned in the act of eighteen hundred
and fifty-four, chapter one hundred and forty-four,
be and they are hereby authorised and empowered in
their discretion to issue the bonds or certificates of
loan of said county to an amount not exceeding the
sum of forty-two thousand dollars, in sums not less
than five hundred dollars, bearing an interest of six
per centum per annum; the said bonds to be redeem-
able and the interest thereon to be paid at such times
and in such manner as they, the said county com-
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Proviso.
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missioners, may deem advisable; Provided, nev-
ertheless the said county commissioners in their dis-
cretion, are hereby authorised to renew the aforesaid
loan obtained from the Saving's bank, of Baltimore,
in which event no bonds shall be issued as provided
for by this act.
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