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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3368   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 509

coupon bonds therefor, in sums not less than one

Issue bonds

hundred dollars nor more than one thousand dollars,

 

to be signed by the President of the Board of County

 

Commissioners, bearing interest payable semi-an-

 

nually on the first day of May and November respec-

 

tively ; said bonds to be sold by said County Com-

 

missioners, and the proceeds applied to the payment

 

of the expenses incurred in purchasing a site or sites

 

and erecting thereon a court-house and coun ty jail,

 

not exceeding thirty thousand dollars.

 

SEC. 2. And be it enacted, That if said bonds be

 

required, they shall be issued to mature at such dates

Maturity

as shall not require the payment in any one year of

 

more than two thousand dollars of the principal sum

 

thereof; and that said bonds shall be redeemable

 

with interest at the pleasure of said County Com-

 

missioners at or before the maturity thereof.

 

SEC. 3. And be it enacted, That to redeem said

 

bonds, the County Commissioners, shall annually levy

Redemption

upon the assessable property of Garrett county, a tax

 

sufficient to pay the interest on said loan, said portion

 

of the principal sum to be annually paid, and for the

 

collection thereof, said levy to be separately desig-

 

nated as the county building fund.

 

SEC. 4. And be it enacted, That the bonds hereby

Exempt from

authorized shall be exempt from all taxation, and

taxation

that interest on said bonds shall be received by the

 

collector in payment of the county taxes.

 

SEC. 5. And be it enacted, That if the County Com-

Impracticable

missioners, shall find it impracticable to raise the

to raise.

sum of money required to build the court-house and

 

jail and purchase a site or sites therefor, except upon

 

disadvantageous terms in the way hereinbefore pro-

 

vided, they are hereby authorized to borrow such

 

sum or sums as may be required, and to levy upon

 

the assessable property of the said county for the same
in such annual instalments as they may deem expe-

 

dient.

 

SEC. 6. And be it enacted, That the said County

Procure and
adopt a plan

Commissioners shall, as speedily as possibly, procure

 

and adopt a plan and specifications for said build-

 

ings; and they shall invite sealed proposals by pub-

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3368   View pdf image (33K)
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