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Session Laws, 1937
Volume 412, Page 371   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 371

its sole discretion, determine to be for the best interests of
the people of Montgomery County. All interest accrued be-
tween the date of said bonds and the time of the delivery of
and payment for the same shall be adjusted with the pur-
chaser thereof to the date of such payment. All payments of
the purchase price for such of said bonds as may be sold shall
be made to the Treasurer of Montgomery County and shall by
him be deposited in a special account in some bank, banks,
trust company or trust companies, located in Montgomery
County in an account or accounts to be designated: "County
Commissioners of Montgomery County, Connecticut Avenue
—Chevy Chase Circle to Chevy Chase Lake—Improvement Ac-
count", and funds shall be withdrawn from said account only
by or upon the order of said Board of County Commissioners
of Montgomery County.

SEC. 3. And be it further enacted., That the proceeds of the
sale of any or all of the bonds authorized to be issued hereby
shall be expended by the Board of County Commissioners of
Montgomery County for the following purposes on the fol-
lowing project and for none other: (1) for the purchase and/or
condemnation of such land and/or rights of way as may be
deemed necessary by said Board of County Commissioners for
the widening, straightening, grading, or other improvement
of the roadway in Montgomery County from Chevy Chase
Circle, where Connecticut Avenue meets the District of Co-
lumbia—State of Maryland boundary line to Chevy Chase
Lake, said roadway being known as Connecticut Avenue; (2)
for the resurfacing and improvement of said roadway in Mont-
gomery County known as Connecticut Avenue from Chevy
Chase Circle aforesaid to Chevy Chase Lake aforesaid.

SEC. 4. And he it further enacted, That it is the intention
and purpose of this Act to enable the County Commissioners
of Montgomery County to borrow sufficient funds not exceed-
ing Eighty Thousand Dollars ($80, 000. 00) prior to January
1, 1938, as may be necessary for the construction and com-
pletion of the project aforesaid. It is also the intention of
the Act to enable the County Commissioners of Montgomery
County to issue the bonds hereby authorized in Series from
time to time not later than January 1, 1938, as the money for
said project may be needed, but if the Board of County Com-
missioners of Montgomery County shall find that the total
cost of said project will be less than Eighty Thousand Dollars
I f 80, 000. 00), and if said Board of County Commissioners
shall authorize the issuance hereunder of the bonds of the
county in said lesser amount, at one time or from time to
time, then the authority hereby granted shall become null

 

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Session Laws, 1937
Volume 412, Page 371   View pdf image (33K)
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