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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3691   View pdf image (33K)
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MONTGOMERY COUNTY. 3691

360 of the Acts of the Assembly of 1922, a special tax sufficient to pay
the interest as it becomes due and payable on all such outstanding bonds
issued and obligations or indebtedness incurred or contracted, including
the said indebtedness of approximately six thousand dollars to the said
Farmers' Banking and Trust Company and the said Montgomery County
National Bank, under and by virtue of the provisions and to carry out
as aforesaid the purposes of said Chapter 360 of the Acts of 1922 and

of said Chapter 531 of the Acts of 1924, and to pay annually an amount
equal to at least one-sixth of the present aggregate amount of all such out-
standing bonds, obligations and indebtedness on the principal of all such
outstanding bonds issued and obligations or indebtedness incurred or con-
tracted as aforesaid, including said indebtedness of approximately six
thousand dollars to the said Banks, which tax shall be levied and col-
lected as County taxes now are or may hereafter be by law levied and
collected, and have the same priority, rights, bear the same interest and
penalties and in every respect be treated the same as County taxes. All
sums so received from taxes levied as aforesaid shall be applied by the
County Commissioners of said Montgomery County in payment of the
interest as it becomes due and payable on any and all outstanding bonds
issued and obligations or indebtedness incurred or contracted, including
the indebtedness of approximately six thousand dollars to the said Banks,
under and by virtue of the provisions and to carry out the purposes of
said Chapter 360 of the Acts of 1922 and the said Chapter 531 of the
Acts of 1924, and to pay annually on account of the principal of all such
outstanding bonds, obligations or indebtedness, including the said indebt-
edness of approximately six thousand dollars to said Banks, an amount

equal to at least one-sixth of the present aggregate amount of such out-
standing bonds, obligations and indebtedness.

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3691   View pdf image (33K)
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