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Session Laws, 1961
Volume 654, Page 1406   View pdf image (33K)
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1406                             Laws of Maryland                        [Ch. 801

and 24 to the National Road at the junction of the road leading to
the tunnel in Eckhart Branch of the Cumberland and Pennsylvania
Railroad, about 3/4 of a mile west of the six-mile post, then with said
road to the tunnel southwesterly 1-1/3 miles to the top of Dan's
Mountain, marked 2,621 on topographical map of Maryland Geological
Survey and running thence along the top of said Dan's Mountain
south—westerly 1-1/10 miles to the head of Warrior's Run and to
the northwest corner of District No. 7, Rawlings; then down said
Run with part of the northerly line of said last mentioned district
southeasterly about 3 miles to a point in line with the crest of Will's
Mountain, then with the crest of Will's Mountain northeasterly 6-3/4
miles to the place of beginning. Excepting, however, from the above
described property all that portion of same which was included in the
physical boundaries of the Cresaptown Special Taxing Area or
District by the provisions of Chapter 169 of the Acts of 1949.

304.

For the purpose of providing funds for the design, construction,
establishment, purchase, or condemnation of water supply, sewerage
and drainage systems in the sanitary district, the Board of County
Commissioners of Allegany County is authorized and empowered to
issue bonds, from time to time upon the full faith and credit of
Allegany County, in such amounts as it may deem to be necessary for
the Commission to carry on its work, but at no time shall the total
issue of bonds for all purposes under this sub-title exceed [ten]25 20
per centum of the total value of the property assessed for county
taxation purposes within said sanitary district. Said bonds shall be
serial bonds issued upon the serial maturing plan and in such de-
nominations as shall be determined by the said County Commis-
sioners; said bonds may be redeemable before maturity at the option
of the said County Commissioners at such price and under such terms
and conditions as may be fixed by the said County Commissioners
prior to the issuance of said bonds, shall bear interest at a rate not
exceeding [four] five per centum per annum, payable semi-annually,
and shall mature in not more than thirty years after date of issue
and shall be forever exempt from State, city and county taxation.
They shall be issued under the signature and seal of the said County
Commissioners. At any time prior to the issuance of any such bonds
the County Commissioners are hereby authorized to furnish to the
Commission a sum not exceeding Five Thousand Dollars ($5,000),
which shall be repaid out of the first available moneys derived from
the sale of the first bonds issued. IF, IN ANY YEAR, THE PRO-
CEEDS OF THE DISTRICT TAXES AND ASSESSMENTS
AUTHORIZED BY THIS SUB-TITLE FOR THE PAYMENT OF
DEBT SERVICE ON THE BONDS HEREIN AUTHORIZED ARE
INSUFFICIENT FOR SUCH PURPOSE, THEN THE COUNTY
COMMISSIONERS OF ALLEGANY COUNTY SHALL MAKE UP
THE DEFICIENCY BY THE LEVYING ON ALL PROPERTY IN
THE COUNTY SUBJECT TO UNLIMITED COUNTY TAX-
ATION OF AD VALOREM TAXES IN RATE AND AMOUNT SUF-
FICIENT FOR THIS PURPOSE.

Sec. 2. And be it further enacted, That if any clause, sentence,
paragraph, or section of this Act shall, for any reason, be adjudged
by any court of competent jurisdiction to be unconstitutional and in-
valid, such judgment shall not affect, impair or invalidate the re-

 

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Session Laws, 1961
Volume 654, Page 1406   View pdf image (33K)
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