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Session Laws, 1933 (Special Session)
Volume 578, Page 118   View pdf image (33K)
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118 LAWS OF MARYLAND. [CH. 25

for or dedicated to the payment of any such obligation
which shall have been advanced after March 1st, 1933,
and until June 1st, 1935, for the payment of any such obli-
gations so evidenced by coupon bonds or notes.

SEC. 3. And be it further enacted, That such notes or
coupon bonds as may be issued under the provisions of this
Act shall be and remain the obligations of the issuing
county, municipal or public corporation, special district
and/or political sub-division of this State, as the case may
be, issued upon its full faith and credit and that the entire
property subject to taxation by such issuing county, mu-
nicipal or public corporation, special district and/or polit-
ical sub-division of this State shall be liable for the pay-
ment thereof and that each and every such county, munici-
pal or public corporation, special district and/or political
sub-division of this State so issuing any such notes or
coupon bonds under the provisions of this Act shall levy
a tax upon all property subject to assessment by it, suffi-
cient to provide funds for the payment of said indebted-
ness so evidenced by its notes or coupon bonds issued under
the provisions of this Act, together with the interest there-
on, before the maturity of all such notes or coupon
bonds not later than twenty (20) years from their
respective date or dates of issue, provided, however, that
in the event it be necessary to provide funds for the pay-
ment of such notes or coupon bonds so issued under the
provisions of this Act by and such general levy that noth-
ing herein contained shall be construed as in any manner
to alter or amend any law providing for the payment of
obligations of any such county, municipal or public cor-
poration, special district and/or political sub-division of
this State maturing before June 1, 1935, by taxation or
otherwise, provision for the payment of which by borrowed
money is temporarily made under this Act; and provided
further that the proceeds of any general or special levy
imposed by law for the purpose of providing funds for the
payment of any such obligations evidenced by coupon bonds
or notes, may, upon the receipt thereof, be applied to the
payment of notes or coupon bonds issued under the pro-
visions of this Act, or in the event the same become avail-
able after such notes or coupon bonds are paid, then to
the general funds of such county, municipal or public cor-
poration, special district and/or political sub-division of
this State so issuing such notes under the provisions of this
Act. Provided, however, that the provisions of this Act
shall not apply to Queen Anne County.

 

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Session Laws, 1933 (Special Session)
Volume 578, Page 118   View pdf image (33K)
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