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Session Laws, 1947
Volume 411, Page 1435   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1435

SEC. 21. And be it further enacted, That this Act is
hereby declared to be an emergency measure and necessary
for the immediate preservation of the public health and
safety and having been passed by a yea and nay vote,
supported by three-fifths of all of the members elected to
each of the two Houses of the General Asembly, the same
shall take effect from the date of its passage.

Approved April 1(5, 1947.

CHAPTER 585.
(Senate Bill 434)

AN ACT to authorize and empower the Board of Commis-
sioners of Thurmont to borrow at one time, or from
time to time, upon the faith and credit of said Town a
sum not to exceed a total of Twenty-five Thousand Dol-
lars ($25,000) by the issuance and sale of bonds or notes
therefore; providing generally for the time, terms and
manner of said bond issue; that the proceeds thereof
be used exclusively for the construction of new streets,
improvement, repair and extension of existing streets
and for construction and extension of sewer lines; pro-
viding for the payment of said loan, principal and
interest, by the levy of taxes, and repealing Section 806
of Article 11 of the Code of Public Local Laws of Mary-
land (1930 Edition), to the extent of any inconsistency
herewith.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That notwithstanding the provisions of Section 806 of
Article 11 of the Code of Public Local Laws of Maryland
(1930 Edition) to the contrary, the Board of Commis-
sioners of Thurmont, a body corporate, in order to provide
funds for the construction of new streets, improvement,
repair and extension of existing streets and for construc-
tion and extension of sewer lines, is hereby authorized
and empowered at one time, or from time to time, between
July 1, 1947, and July 1, 1949, to borrow money on the
faith and credit of said Town and to issue and sell at one
time, or from time to time, its bonds or notes therefor,
not to exceed in the aggregate the sum of Twenty-five
Thousand Dollars ($25,000). The Board of Commissioners
of Thurmont shall, by resolution, prescribe the form and
tenor of such bonds or notes, the rate of interest not

 

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Session Laws, 1947
Volume 411, Page 1435   View pdf image (33K)
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