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Session Laws, 1947
Volume 411, Page 261   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 261

SECTION 1. Belt enacted by the General Assembly of Maryland,
That Section 153 of Article 10 of the Code of Public Local
Laws of Maryland (1930 Edition), title "Dorchester Coun-
ty", sub-title "Board of Estimates", as said section was
amended by Chapter 317 of the Acts of 1945, be and it is
hereby repealed and re-enacted, with amendments, to read
as follows:

153. The Board of County Commissioners of Dorches-
ter County shall not after the first day of May, 1916, create
any obligation or liability on the part of or on the credit of
the county which shall be a floating debt, and no temporary
loan shall be made to pay any deficiency arising from a
failure to realize sufficient income from revenue and taxa-
tion to meet the amounts provided for in the said list of
estimates; but the Board of County Commissioners may
temporarily borrow money on promissory note or notes on
the faith and credit of Dorchester County, for the use of
the county in anticipation of the receipt of taxes levied
for any year, provided that they shall not in the manner
and for the purpose aforesaid borrow in the aggregate
more than one hundred thousand ($100,000) dol-
lars, and such sum or any part thereof so borrowed
shall all be repaid and such demand fully satis-
fied on or before the first day of December following
the beginning of the fiscal year in which the said money
is so borrowed, and the said Board of County Commis-
sioners shall not borrow any money for any purpose be-
tween the first day of December and the thirty-first day
of December ensuing, or the close of the said fiscal year,
except, however, such certificates of indebtedness that may
be issued from time to time by the said County Commis-
sioners upon the faith and credit of Dorchester County
(1) for the maintenance and support of the public schools
in said county and (2) for the maintenance and repairs
to the county roads, bridges and ferries therein, not ex-
ceeding two hundred ($200,000) thousand dollars
in any one fiscal year as provided by the suc-
ceeding Section 154 of this Article. In case of
any deficiency in revenue and taxation to meet the
amount provided in the said estimates, there shall be
a pro rata abatement of all appropriations except for the
payment of the State taxes and the principal and interest
of the county debt, and in case of any surplus arising in
any fiscal year, by reason of excess of income received from
the estimated revenue over the expenditure for such years,
the said surplus shall be passed by the Board of County

 

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Session Laws, 1947
Volume 411, Page 261   View pdf image (33K)
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