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Session Laws, 1947
Volume 411, Page 1399   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1399

to accrue to the date of redemption of such bonds, and (b)
paying all or any part of the cost of any additional project
or projects. In case the Commission, prior to the issuance
of any revenue refunding bonds, shall have expended any
sum not derived from the revenues of a project for the pur
pose of paying a part of the cost of maintaining, repairing
and operating such project, the amount of revenue refunding
bonds issued under the provisions of this section may be
increased to the extent necessary to provide funds for reim-
bursing the Commission the sum theretofore so expended.
The issuance of such bonds, the maturities and other details
thereof, the rights and remedies of the holders thereof, and
the rights, duties and obligations of the Commission in
respect of the same, shall be governed by the provisions of
this sub-title in so far as the same may be applicable.

122S. (Additional Method.) The foregoing sections of
this sub-title shall be deemed to provide an additional and
alternative method for the doing of the things authorized
thereby, and shall be regarded as supplemental and addi-
tional to powers conferred by other laws, and shall not be
regarded as in derogation of any powers now existing;
provided, however, that the issuance of revenue bonds or
revenue refunding bonds under the provisions of this sub-
title need not comply with the requirements of any other
law applicable to the issuance of bonds.

122T. (Liberal Construction.) The provisions of this sub-
title, being necessary for the welfare of the State and its
inhabitants, shall be liberally construed to affect the pur-
poses thereof.

122U. (Constitutional Construction.) The provisions of
this sub-title are severable, and if any of its provisions shall
be held unconstitutional by any court of competent jurisdic-
tion, the decision of such court shall not effect or impair any
of the remaining provisions.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1947.

Approved April 16, 1947.

CHAPTER 562.
(Senate Bill 361)

AN ACT to repeal and re-enact, with amendments, Section
4 of Article 64A of the Annotated Code of Maryland

 

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Session Laws, 1947
Volume 411, Page 1399   View pdf image (33K)
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