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Session Laws, 1947
Volume 411, Page 349   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 349
CHAPTER 230.
(House Bill 204)

AN ACT to repeal and re-enact, with amendments, Section
1286 of the Code of Public Local Laws of Prince George's
County (Flack's Edition, 1943), as amended by Chapter 512,
of the Acts of 1945, to increase the amount to Eight Hun-
dred Thousand Dollars ($800,000.00) that may be borrowed
by the Board of County Commissioners for the purpose of
municipal functions and street improvements in special im-
provement districts in said county.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 1286 of the Code of Public Local Laws of
Prince George's County (Flack's Edition, 1943), as amended
by Chapter 512, of the Acts of 1945, be and the same is hereby
repealed and re-enacted, with amendments, to read as follows:

1286. The Board of County Commissioners, for the purpose
of making improvements in any special improvement district
or for the operation or maintenance of any municipal func-
tions within said district, are hereby given full power and
authority to borrow, upon the faith and credit of Prince
George's County, such sum or sums as may be needed for the
purposes mentioned; to fix the maturity or maturities of any
such debt; the interest rate and manner and place of payment;
and to issue their evidences of indebtedness for the amount of
the money so borrowed, provided, however, that no part of
any such debt shall run for a longer period than ten (10)
years, and the County Commissioners shall, by a proper reso-
lution provide for the liquidation of said debt by the applica-
tion of receipts of special assessments or taxes received from
said district. Provided further that at no time shall the
Board of County Commissioners by obligation for a greater
amount than Eight Hundred Thousand Dollars ($800,000.00)
for money borrowed under this sub-title.

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and having
been passed by a yea and nay vote, supported by three-fifths
of all the members elected to each of the two Houses of the
General Assembly of Maryland, the same shall take effect
from the date of its passage.

Approved March 29, 1947.

 

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Session Laws, 1947
Volume 411, Page 349   View pdf image (33K)
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