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Session Laws, 1920
Volume 539, Page 123   View pdf image (33K)
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ALBERT C. RITCHE, GOVERNOR. 12.3

provided by the succeeding Section 1.05-H of this Act. In
case of any deficiency in revenue and taxation to meet the
amount provided in the said estimates, there shall be a PRO
RATA abatement of all appropriations except for the payment
of the State taxes and the principal and interest of the county
debt, and, in case, of any surplus arising in any fiscal year, by
reason of excess of income received from the estimated revenue
over the expenditures for such years, the said surplus shall
be passed by the Board of County Commissioners to a fund
which shall be a part of the revenue for the ensuing fiscal
year.

105-GG. The County Commissioners of Dorchester County,
whenever in their discretion they may deem it advisable, are
authorized to issue certificates of indebtedness for the payment
of: (1) The maintenance and support of the public schools in
said county; and (2) for repairs and maintenance to the
county shell roads and bridges, and for no other purpose
whatsoever, bearing interest at the rate of not exceeding six
per centum (6%) per annum from the date of same, which
shall be endorsed upon the face of such certificates, and they
shall levy on the assessable property of the county liable to
taxation for the payment of said interest-bearing certificates
in like manner as by law other claims have been heretofore
levied for and all such certificates of indebtedness issued and
executed by the County Commissioners shall be a lien upon
all the assessable property in Dorchester County, Maryland,
provided, however, that all interest-bearing certificates issued
during any fiscal year shall be paid in full within two months
from the expiration of such fiscal year, and not more than
sixty thousand dollars ($60,000.00) shall be issued in any one
fiscal year.

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the im-
mediate preservation of the public safety, and being passed
upon 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 pass-
age.

Approved March 26, 1920.

 

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Session Laws, 1920
Volume 539, Page 123   View pdf image (33K)
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