260 LAWS OF MARYLAND. [CH. 154
CHAPTER 154.

AN ACT to authorize and empower every county, munici-
pal or public corporation, special district and/or political
sub-division of the State of Maryland, except the Mayor
and City Council of Baltimore, to borrow on its faith and
credit at any time and from time to time not later than
June 1, 1935, and subject to certain limitations, sums
sufficient to meet current obligations, and to issue notes
therefor, and to provide for the repayment of such sums
as may be so borrowed, together with interest thereon
by a general tax levy on all taxable property within its
corporate limits.

WHEREAS, certain of the various counties, municipal or
public corporations, special districts and/or political sub-
divisions of this State may have funds to their credit im-
pounded in certain depositaries located within this State
which may not immediately become available, and a large
proportion of taxes temporarily uncollectible; and

WHEREAS, it may become desirable and necessary to meet
the current obligations for which such funds had been col-
lected or for which funds have been provided, but not col-
lected, by temporary borrowing through the issue and sale
of notes, therefore:

SECTION 1. Be it enacted by the General Assembly of
Maryland, That each county in the State of Maryland and
each and every other municipal or public corporation, spe-
cial district and/or political sub-division, of this State, ex-
cept the Mayor and City Council of Baltimore, be and they
hereby are authorized and empowered to borrow on the
faith and credit of said county or upon the faith and credit of
such municipal or public corporation, special district and/or
political sub-division of this State, as the case may be, such
sum or sums at any time and from time to time, not later
than June 1, 1935, as they in their discretion may deter-
mine and deem necessary to provide money for the pay-
ment of any property authorized obligations of said county,
municipal or public corporation, special district and/or
political sub-division of this State, provided, however, that
the aggregate principal amount of such sums so borrowed
and outstanding and unpaid at any one time shall not ex-
ceed the amount of funds of such county, municipal or
public corporation, special district and/or political sub-