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Session Laws, 1933 Session
Volume 421, Page 405   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 405

to renew the same from time to time provided no renewal
matures at a date later than the maturity limited herein
for such new certificates and the County Commissioners of
said County are hereby directed to annually levy a tax on
all the property of said County assessed for County tax
purposes an amount sufficient to provide for the payment
of the interest on said certificates as the same becomes due
and shall also levy ten per cent annually of the amount of
the principal of said notes outstanding and unpaid.

If at any time the Board of County Commissioners shall
determine that it is necessary to expend funds for any func-
tion or functions of County government for which no ap-
propriation or any insufficient appropriation shall have
been made in the annual appropriation resolution said
Board may make an emergency appropriation for such pur-
pose or purposes; provided, however, that the total of such
emergency appropriations in any fiscal year shall not ex-
ceed Three Hundred Thousand Dollars ($300, 000). To pro-
vide funds for the purpose or purposes for which such
emergency appropriation or appropriations shall have been
made, said Board shall have power to provide by resolu-
tion for the issuance at one time or from time to time of
negotiable emergency notes or bonds of the County in an
amount not exceeding the amount of such appropriation or
appropriations, such notes or bonds to bear interest at not
more than six per cent per annum, payable at the time of
the issuance of such notes or bonds or thereafter, and to
mature not more than ten years from their respective dates.
Such notes or bonds shall be sold in such manner as said
Board may determine. Said Board shall by resolution fix
the form of such note or bonds, the officers by whom they
shall be executed, the medium of payment and the place or
places in Maryland or any other state at which principal
and interest shall be payable. The notes or bonds described
in this Act may be renewed from time to time and new
notes or bonds may be issued from time to time in payment
of any such notes or bonds, but all such notes or bonds
shall mature within the time herein limited for the ma-
turity of the original notes or bonds. In each year after

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Session Laws, 1933 Session
Volume 421, Page 405   View pdf image (33K)
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