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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3491   View pdf image (33K)
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MONTGOMERY COUNTY. 3491

portion of the district within Montgomery County and to pay over to the
Commission for the purposes set forth in Section 592 of this subtitle the
difference between the amount collected from said seven cent tax and the
amount necessary to pay the interest and principal on said bonds; and if
no bonds are issued then the whole amount collected from the said seven
cent tax shall be paid to the Commission and used for the purposes here-
inbefore set forth, provided that the moneys collected from the tax on
assessable property within that portion of the district of Montgomery
County, shall be expended within that portion of the district within Mont-
gomery County. Upon the affirmative vote of all of the members of the
Commission from Prince George's County requesting such action, the
County Commissioners of Prince George's County may, within their dis-
cretion, in the first year of such levy, and shall thereafter levy annually
in the manner provided in this section against all assessable property
within that portion of the district located in Prince George's County not
to execed in one year seven (7c.) cents upon each one hundred dollars
($100.00) of assessed valuation of the assessable property within that por-
tion of the district located in Prince George's County. Such tax shall be
sufficient to pay the interest on and retire at maturity such bonds as may
be issued and sold by the Commission, the proceeds of which are expended
within that portion of the district within Prince George's County. All of
the provisions of this section with respect to the method whereby such
seven cent (7c.) tax shall be determined, levied, collected and paid over
and the money so received, expended and invested with respect to Mont-
gomery County shall apply to the determination, levy, collection and pay-
ing over of the tax and the expenditure and investment of the money so-
received with respect to Prince George's County. In the event that the
amount necessary to be levied in any year on the assessable property within
that portion of the district within Prince George's County to pay the
principal and interest on such bonds as may be issued does not require a
levy of seven cents on each $100.00 of assessable property then the County
Commissioners of Prince George's County are authorized and empowered
upon the affirmative vote of all of the members of the Commission from
Prince George's County, requesting such action, to levy a tax of not exceed-
ing seven cents on each $100.00 of assessable property, within that por-
tion of the district within Prince George's County, and to pay over to the
Commission for the purposes set forth in Section 592 of this subtitle the
difference between the amount collected from said tax not exceeding seven
cents on each $100 of assessable property and the amount necessary to pay
the interest and principal on said bonds; and if no bonds are issued then
the whole amount collected from said tax not exceeding seven cents on
each $100.00 of assessable property shall be paid to the Commission and
used for the purposes hereinbefore set forth, provided that the moneys
collected from the tax on assessable property within that portion of the
district within Prince George's County shall be expended within that por-
tion of the district within Prince George's County; and provided further
that the Commission is hereby authorized and empowered, by resolution,

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3491   View pdf image (33K)
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