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Session Laws, 1933 Session
Volume 421, Page 404   View pdf image (33K)
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404 LAWS OF MARYLAND. [CH. 231

diate preservation of the public health and safety, and be-
ing 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, the same shall take effect from the
date of its passage.

Approved April 5, 1933.

CHAPTER 231.

AN ACT to repeal Section 237 of Article 16 of the Code
of Public Local Laws of Maryland, entitled "Montgomery
County", as said Section was amended by Chapter 192
of the Acts of the General Assembly of 1931 validating
and confirming the issuance of $200, 000 emergency fund
certificates and $100, 000 revolving fund certificates and
providing for the renewal, refunding or payment there-
of and authorizing the issuance of $300, 000 emergency
certificates.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 237 of Article 16 of the Code of
Public Local Laws of Maryland, entitled "Montgomery
County, " as the same was amended by Chapter 192 of the
Acts of the General Assembly of 1931 be, and the same is,
hereby repealed and re-enacted to read as follows:

237. The issuance of $200, 000 emergency fund certifi-
cates of indebtedness consisting of six certificates num-
bered 28 to 33, both inclusive, all dated September 30, 1931,
and the issuance of $100, 000 revolving fund certificates of
indebtedness of said County consisting of two certificates
of $50, 000 each, dated May 2, 1932, issued under the au-
thority of Chapter 192 of the Acts of 1931, all of which
certificates were issued for value and are now outstanding,
be, and the same are, hereby confirmed and declared to be
the legal and subsisting obligations of Montgomery County.

That the Board of County Commissioners, in order to
provide for the payment of said $200, 000 emergency fund
certificates of indebtedness and/or the $100, 000 revolving
fund certificates of indebtedness, is hereby authorized and
empowered, either before or at the maturity of the same,
to issue new negotiable certificates of indebtedness, matur-
ing not later than ten years from their respective dates, or

 

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Session Laws, 1933 Session
Volume 421, Page 404   View pdf image (33K)
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