sum of sixty thousand dollars, authorized in the
above mentioned Act, contracted by said County
Commissioners in the construction of said Almshouse,
which was and is unprovided for be) by said Act, and it
is proper should be paid, therefore,
SECTION 1. Be it enacted by the General Assembly of
Maryland That the County Commissioners of Fred-
erick county be and they are hereby authorized and
empowered to borrow, from time to time, the further
sum of forty thousand dollars, in addition to the
amount authorized by the Act of eighteen hundred
and seventy, chapter fifty-eight., to which this is a
supplement, for the purpose of defraying the ex-
penses of building the Alms-house authorized in said
Act, and liquidating all indebtedness contracted by
said County Commissioners in that behalf, which
was unprovided for in the original Act.
SEC. 2. And be it enacted!, That said County Commissioners be) and they are hereby) authorized and
required to Issue bonds, in the sums of not less than
one hundred dollars, nor more than one thousand
dollars, to be signed by the President of the Board
of said Comity Commissioners, and counter-signed
by the Clerk of said Board, in addition to the amount
already authorized, not exceeding forty thousand
dollars; said bonds to bear interest, payable semi-
annnally, on the first day of January, and on the
first day of July, and not to be disposed of for less
than the par value thereof; and the interest on said
Bonds shall be received by the Collector of Taxes for
said county, in payment of county taxes, provided,
that said bonds shall be) exempt from county and
municipal taxation.
SEC. 3. And be it enacted That said bonds shall be
issued to mature at such dates, as shall not require
the payment in any one year of more than four thou-
sand dollars of the principal sum thereof, and that
said bonds shall be redeemable at the pleasure of
said County Commissioners, at or before their ma-
turity, but none of said bonds shall be issued to
mature prior to the first day of January, in the year
eighteen hundred and ninety.
Q
|
Authorized
to borrow additional sum.
To liquidate
indebtness.
Authorized
to issue bond?
Amount.
Inter't when
payable.
Proviso.
1 Maturity of
, bonds.
' Redeemable.
|
