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Session Laws, 1933 Session
Volume 421, Page 715   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 715

shall annually until all of said bonds issued under the pro-
visions of this Act shall have matured and been paid, levy
a tax upon all the assessable property in said County suffi-
cient to pay the annual interest on all of said bonds that
may be issued and outstanding as said interest becomes
due and payable, and also a tax in each year upon all of
said assessable property in said County sufficient to pay the
principal of said bonds as said bonds respectively mature
and are due and payable.

SEC. 10. And be it further enacted, That such short
term notes as may be issued under the provisions of this
Act shall be and remain obligations of the County Commis-
sioners of Anne Arundel County, issued upon the full faith
and credit of said County and that said County Commis-
sioners of Anne Arundel County shall have the power in
their sole discretion to levy a tax upon all the assessable
property in said County sufficient to provide funds for the
payment of said indebtedness evidenced by said notes or
by any renewals thereof or of the interest thereon when
due and payable, in the event they elect to provide for the
payment of the same rather than to provide for the refund-
ing" of said indebtedness through the issue and sale of
coupon bonds as provided in this Act, and that in the event
said County Commissioners of Anne Arundel County do not
issue and sell coupon bonds as provided in this Act for the
purpose of refunding said indebtedness on or before June
1, 1933, that then said County Commissioners of Anne
Arundel County shall levy a tax upon all the assessable
property in said County sufficient to provide funds for the
payment of said indebtedness so evidenced by said notes
now outstanding or any renewal thereof, or of any notes
issued under the provisions of this Act or any renewal or
renewals thereof, before the maturity of said notes or of
said renewals not later than June 1, 1935, as in this Act
provided.

SEC. 11. 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 and safety
and, having been 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 21, 1933.

 

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Session Laws, 1933 Session
Volume 421, Page 715   View pdf image (33K)
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