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Session Laws, 1922
Volume 563, Page 4   View pdf image (33K)
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4 LAWS OF MARYLAND. [CH. 3

ervation of the public safety, and being passed upon a "Yea"
and "Nay" vote supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly,
the same shall take effect from the date of its passage.

Approved March 1st, 1022.

CHAPTER 3.

AN ACT to authorize and empower the Mayor and Councilmen
of Frostburg in Allegany County to issue bonds on the
credit of said Town to the extent of Ten Thousand Dollars
for fire protection and for the purchase of tiro apparatus.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Councilmen of Frostburg in Alle-
gany County be and they are hereby authorized and empow-
ered to issue coupon bonds on the credit of said Town to an
amount not exceeding Ten Thousand Dollars ($10, 000); said
bonds to be issued in denominations of not less than One Hun-
dred Dollars ($100 ), but may be issued in sums of One Hun-
dred Dollars or multiples thereof: said bonds to be signed by
the Mayor of said Town and countersigned by the Clerk of
said Town, and attested by the corporate seal of said Town;
said bonds shall be designated as "Frostburg Fire Protection
Bonds of 1922 " and shall bear interest at a rate not exceeding
six per centum per annum, payable semi-annually each and
every year during which said bonds shall be outstanding and
remain unpaid, and to be exempt from State, municipal and
county taxation, and shall have printed on them a distinct ref-
erence to this Act authorizing their issue.

SEC. 2. Said bonds to be issued under this Act shall ma-
ture in numerical order the amount of One Thousand Dollars
($1, 000) in each and every year, beginning1 April 1st, 1925;
that said bonds with interest thereon shall be paid and can-
celled by said Mayor and Councilmen of Frostburg to the

amount of One Thousand Dollars ($1, 000) during each and
every year, becoming as aforesaid, until the whole of said
bonds and interest thereon shall have been paid, and the
date of issue shall be the same on all bonds under this Act,
which date shall be April 1st. 1922; and said bonds shall be
sold after due advertisement to the highest bidder, and said


 

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Session Laws, 1922
Volume 563, Page 4   View pdf image (33K)
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