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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 2232   View pdf image (33K)
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2232 ARTICLE 10.

said shall become due and payable and shall be collected in the manner
and at the times now fixed by law. T be said ten per cent, of the aggre-
gate of estimates, or so much thereof a:s may be levied, shall be for emer-
gency purposes and shall be dedicated and appropriated to meet any un-
expected demand which may arise af'ier the said levy has been made,

or to temporarily be used to supply funds for some estimate when there
is a deficiency of revenue to meet the same.

1916, ch. 27, sec. 105F. 1918, ch. 314, sec. 105F. 1920, ch. 62, sec. 105F.

152. The revenue derived from all of the sources thereof shall be de-
voted absolutely to the paying and defraying the said estimates in detail
and the said ten per cent, of the aggregate of estimates or whatever part
of the same that may be levied, shall be used only for emergency purposes,
and in no event shall any money be diverted from the estimate to which
it is dedicated for any purpose.

1916, ch. 27, sec. 105G. 1920, ch. 62, sec. 105G.

153. The Board of County Commissioners of Dorchester County shall
not after the first day of May, 1916, create any obligation or liability
on the part of or on the credit of the county which shall be a floating debt,
and no temporary loan shall be made to pay any deficiency arising from
a failure to realize sufficient income from revenue and taxation to meet
the amounts provided for in the said list of estimates; but the Board of

County Commissioners may temporarily borrow money for the use of
the county in anticipation of the receipt of taxes levied for any year,
provided that they shall not in the manner and for the purpose aforesaid
borrow in the aggregate more than seventy-five thousand dollars, and such
sum so borrowed shall all be repaid and such demand fully satisfied on
or before the first day of April following the beginning of the fiscal year
in which the said money is so borrowed, and the said Board of County
Commissioners shall not borrow any money for any purpose between the
first day of April and the thirtieth day of April ensuing, or the close of
the said fiscal year, except, however, such certificates of indebtedness that
may be issued from time to time by the said County Commissioners (1)
for the maintenance and support of the public schools in said county and
(2) for the maintenance and repairs to the county shell roads and bridges,
not exceeding sixty thousand dollars in any one fiscal year as provided
by the succeeding Section 154 of this A.rticle. In case of any deficiency
in revenue and taxation to meet the amount provided in the said esti-
mates, there shall be a pro rata abatement of all appropriations except
for the payment of the State taxes and the principal and interest of the
county debt, and in case of any surplus arising in any fiscal year, by
reason of excess of income received from the estimated revenue over the
expenditures for such years, the said surplus shall be passed by the Board
of County Commissioners to a fund which shall be a part of the revenue
for the ensuing fiscal year.

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 2232   View pdf image (33K)
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