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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 637   View pdf image (33K)
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BALTIMORE COUNTY. 637

such order is affirmed on appeal, the damages so awarded shall become due
and payable.

1922, ch. 526, sec. 3. B. Co. C. (1928), sec. 350.

350. The County Commissioners of Baltimore County are authorized
to allow and provide for the payment of any assessment which may be
made, levied or imposed under Section 349 in installments and to fix
the amount of such installments, the interest on deferred payments at a
rate not exceeding six per cent, per annum and the time within which
all such installments must be paid.

1922, ch. 526, sec. 4. B. Co. C. (1928), sec. 351.

351. For the purpose of providing funds for constructing, establishing
or acquiring any water system which in the judgment of the County
Commissioners of Baltimore County is necessary to be constructed, estab-
lished or acquired for the public health, welfare or convenience, the said
County Commissioners of -Baltimore County are hereby authorized and
empowered to create loans from time to time on the faith and credit of
Baltimore County, each loan to be in an amount equal to the aggregate
of all assessments of benefits on the properties benefited by any such
water system or by the extension of any such water system or in an
.amount sufficient in the opinion and judgmennt of said County Commis-
sioners to construct, establish or acquire any such water system, and to
issue and sell certificates of indebtedness of Baltimore County as evidence
of any such loan, said certificates to be in good and sufficient form and
to be in denominations of five hundred dollars and multiples thereof, and
to be dated, to mature at such time or times and in such amounts and
to bear such rate of interest payable at such time or times, as the County
Commissioners of Baltimore County may determine, said certificates to
be signed by the President of said County Commissioners and the Treas-
For of said county and to have the corporate seal of Baltimore County
affixed thereto, and every loan shall be given an appropriate name by
said County Commissioners with the word "Water" included therein and
every such loan and every part thereof and the interest payable thereon
shall be and remain exempt from State, county and municipal taxes.

1922, ch. 526, sec. 5. B. Co. C. (1928), sec. 352.

352. For the purpose of paying said certificates of indebtedness when
and as they mature and for the purpose of paying the interest thereon
when and as the same, becomes due a tax of one per cent, of the assessed
valuations of all the properties benefited by any such system as may have
been built, acquired or established through the sale of said certificates,
or such part of one per cent, as may be deemed necessary or desirable
by the County Commissioners, shall be levied by said County Commis-
sioners of Baltimore County each year on the property so benefited until
said certificates and the interest payable thereon are paid; said taxes so
"to be assessed and levied to be a lien upon the property of the person

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 637   View pdf image (33K)
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