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Session Laws, 1936 (Special Session 1)
Volume 577, Page 329   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 329

sirable in order to secure its bonds, or in the absolute dis-
cretion of the governing body of the municipality tend to
make the bonds more marketable, notwithstanding that
such covenants, acts or things may not be enumerated
herein; it being the intention hereof to give the munici-
pality power to do all things in the issuance of bonds and
for their security that may be consistent with the Con-
stitution of Maryland.

64J All of the bonds issued and sold pursuant to any of
the provisions of this Act shall be and remain the direct,
valid and binding obligation of the municipality, issued
upon its full faith and credit, and the municipality shall
levy a tax upon all the assessable property within its limits
sufficient to pay the principal and interest on any of such
bonds as the same shall mature, in each and every year that
any of said bonds are outstanding, provided, however, that
the amount of said tax so to be levied in any one year may
be reduced by the amount of any such special assessments
collected by the municipality from said public works proj-
ects and pledged by the municipality for the payment of the
bonds so issued pursuant to the provisions of Section 64B,
sub-section (d) of this Act.

Any holder of the bonds of the municipality issued pur-
suant to this Act, shall have the right, subject to any con-
tractual limitations binding upon such holder, and subject
to the prior rights of others, by mandamus or other suit,
action or proceeding at law or in equity, to enforce his
rights against the municipality, and the governing body
of the municipality and any officer, agent or employee of
the municipality, including the right to require the mu-
nicipality and the governing body and any proper officer,
agent or employee of the municipality to assess, levy and
collect taxes and special assessments adequate to carry out
any agreement as to, or pledge of such special assessments,
and to require the municipality and the governing body
of the municipality and any officer, agent or employee of
the municipality to carry out any other covenants and
agreements and to perform its and their duties under this
Act.

64K. The powers conferred by this Act shall be in addi-
tion and supplemental to the powers conferred by any
other law, and bonds, interim certificates or other obliga-
tions may be issued hereunder for any project notwith-
standing that any other law may provide for the issuance

 

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Session Laws, 1936 (Special Session 1)
Volume 577, Page 329   View pdf image (33K)
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