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Session Laws, 1924
Volume 568, Page 754   View pdf image (33K)
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754 LAWS OF MARYLAND. [CH. 237

2. That said Chevy Chase Citizens' Committee, in its dis-
cretion, is hereby authorized and empowered to create a sink-
ing fund out of the rentals received from the United States
for the use and occupation of said Library and Postoffice build-
ing, or the revenues derived from taxes levied, or to be levied,
upon property within the special taxing area aforesaid for the
purpose of providing the necessary moneys with which, from
time to time, to pay the interest on said indebtedness, and to
pay the principal thereof, or such portion of said principal as
may be deemed advisable in the judgment of said Chevy Chase

Citizens' Committee.

3. And, for the purpose of further providing the necessary
moneys with which to pay the interest on said indebtedness, as
well as the principal thereof upon maturity, the Board of
County Commissioners of Montgomery County be and they are
hereby authorized and empowered to levy, in addition to the
tax provided for in the Acts of the General Assembly approved
April 16, 1914 (Chapter 610, Laws 1914), and Act approved
April 18, 1916 (Chapter 697. Laws 1916), such tax or taxes
on the taxable property within said special taxing area, as may
be recommended by said Chevy Chase Citizens' Committee,
not exceeding in all in any one year ten cents on each one hun-
dred dollars of taxable property therein, or said Citizens' Com-
mittee may pay the interest on said indebtedness, or so much of
the principal thereof as in its judgment may be deemed ad-
visable out of the money or moneys derived from assessments
on said taxable property for the maintenance and upkeep of
said village, if in the judgment of said Citizens' Committee
the same can be done without detriment thereto; which taxes,
if so levied for the purposes aforesaid, as provided in this Act,
the Treasurer of said county be and lie hereby is authorized
and directed to collect, as other taxes are collected, and pay the
same over to the Treasurer of Chevy Chase as other moneys
are, by the Act of the General Assembly, approved April 16,

1914, directed to be paid to him.

4. And be it further enacted, That this Act is hereby de-
clared to be an emergency law and necessary for the immediate
preservation of the public safety, and being passed upon a yea
and nay vote, supported by three-fifths of all of 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 9, 1924.

 

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Session Laws, 1924
Volume 568, Page 754   View pdf image (33K)
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