ALBERT C. RITCHIE, GOVERNOR. 265

of which has not been made, they are hereby authorized
and empowered to issue new notes, certificates of indebted-
ness, bonds, or other evidences of debt, for such time, with
such maturities and upon such conditions as they deem ad-
visable, provided the amount of such new issue does not
exceed the amount about to mature or of which payment
is required, and that the interest rate does not exceed six
percent, and said certificates, notes or other obligations
shall be sold in such manner as the said County Commis-
sioners may by resolution determine to be for the best in-
terests of the County at the time of sale; and the said Board
of County Commissioners shall have the power and au-
thority, wherever there is any default in the payment of
special assessments or other sums due Montgomery County,
whether such default be occasioned by failure to pay or
legal proceedings, to issue bonds, notes, certificates of in-
debtedness, or other evidences of debt in an amount equal
to the aggregate of any such defaults, in such denomina-
tions, for such maturities, and upon such conditions, bear-
ing interest not exceeding six per cent, as they may
determine, and such bonds, notes, or other evidences of
debt shall be sold in the manner which the said County
Commissioners may determine for the best interests of the
County at the time of sale; all of such bonds, notes, certifi-
cates of indebtedness or other obligations issued, renewed,
re-issued or extended under the provisions of this Act shall
be the direct obligations of Montgomery County; and shall
be paid as is now provided for payment of County certifi-
cates of indebtedness in Section 10 of Chapter 459 of the
Acts of 1931; or if any emergency arises, or through over-
sight or neglect provision is not made for payment of said

obligations,, the same may be paid out of any fund or tax

available.

SEC. 2. And be it further enacted, That all Acts or
parts of Acts inconsistent herewith are hereby repealed,

and the validity of one clause or provision of this Act

shall not affect any other clause or provision thereof.

SEC. 3. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health, safety and
welfare, and being passed by a yea and nay vote, supported

by three-fifths of all the members of the two Houses of the
General assembly, the same shall take effect from the date
of its passage.

Approved April 5, 1933.