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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 1365   View pdf image (33K)
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DEBT—PUBLIC 1365

governmental agency of the State of Maryland, except the Mayor and City
Council of Baltimore.

(b) The term "bonds" includes bonds, notes, warrants, debentures, cer-
tificates of indebtedness, temporary bonds, temporary notes, interim re-
ceipts, interim certificates and all instruments or obligations evidencing
or representing indebtedness, or evidencing or representing the borrowing
of money, or evidencing or representing a charge, lien or encumbrance on
specific revenues, income or property of a public body, or including all
instruments or obligations payable from a special fund.

1936 (Sp. S.), ch. 143, sec. 2. 1937, ch. 386, sec. 3.

27. All bonds heretofore issued for the purpose of financing or aiding
in the financing of any work, undertaking or project by any public body
to which any loan or grant has heretofore been made by the United States of
America through the Federal Emergency Administrator of Public Works
for the purpose of financing or aiding in the financing of such work, under-
taking or project, including all proceedings for the authorization and issu-
ance of such bonds, and the sale, execution and delivery thereof, are hereby
validated, ratified, approved and confirmed, notwithstanding any lack of
power (other than constitutional) of such public body, or the governing-
board or commission or officers thereof, to authorize and issue such bonds,
or to sell, execute or deliver the same, and notwithstanding any defects or
irregularities (other than constitutional) in such proceedings, or in such
sale, execution or delivery; and such bonds are and shall be binding, legal,
valid and enforceable obligations of such public body.

Refunding of Indebtedness.

1933, ch. 153, sec. 1. 1933 (Special Sess.), ch. 25, sec. 1.

28. Each county in the State of Maryland, and each and every other
municipal or public corporation, special district and/or political sub-
division of this State, except the Mayor and City Council of Baltimore,
are authorized and empowered to borrow on the faith and credit of said
County or upon the faith and credit of such municipal or public corpora-
tion, special district and/or political sub-division of this State, as the
case may be, such sum or sums at any time and from time to time not
later than June 1, 1935, but not exceeding in the aggregate the amount
of the obligations, including the accrued interest thereon, evidenced by
coupon bonds or notes of such county, municipal or public corporation,
special district and/or political sub-division of this State, as the case may
be, as they may deem necessary to provide money for the payment or
refunding from time to time of all such obligations so evidenced by coupon
bonds or notes as may mature on or after March 1, 1933, until June 1,
1935; and to provide money to reimburse its treasury for any funds
derived from its general revenues and not levied for or dedicated to the
payment of any such obligation which shall have been advanced after
March 1st, 1933, and until June 1st, 1935, for the payment of any such
obligations so evidenced by coupon bonds or notes.

1933, ch. 153, sec. 2. 1933 (Special Sess.), ch. 25, sec. 2.

29. Each such county, municipal or public corporation, special district
and/or political sub-division of this State, except the Mayor and City
Council of Baltimore, is hereby authorized and empowered to issue its


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 1365   View pdf image (33K)
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