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Session Laws, 1933 (Special Session)
Volume 578, Page 278   View pdf image (33K)
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278 LAWS OF MARYLAND. [CH. 91

(c) The form and substance of any and all obligations
issued under the provisions of this Act;

(d) The rate of interest which any and all obligations
shall bear under this Act;

(e) The manner, method of means of sale, both private
or public, of any obligations issued under the provisions of
this Act;

(f) The time, or times, when any indebtedness shall
be incurred, or money borrowed, and the time or times
when any obligation or obligations shall be issued under the
provisions of this Act.

(g) The County Commissioners of each county, or the
governing body of each incorporated town or city as the
case may be, shall have any and all necessary implied inci-
dental powers to carry into effect the express powers here-
inbefore set forth.

204. That all obligations incurred under the provisions
of this Act shall mature, and must be paid, within two
years from the date when said obligations were incurred.

205 (a) That no county of this State shall incur an
indebtedness for the purposes as set forth in this Act, and
under the provisions of this Act, in excess of an aggregate
amount equal to the total estimated amount which would be
raised by a levy of 8c on the county tax rate.

(b) That no incorporated town or city of this State
shall incur an indebtedness for the purposes as set forth
in this Act, and under the provisions of this Act, in excess
of an aggregate amount equal to the total estimated amount
which would be raised by a levy of 8c on the incorporated
city or town tax rate.

206 (a) The County Commissioners of each county
which shall have availed itself of the provisions of this Act
by borrowing money or incurring indebtedness on its indi-
vidual faith and credit are hereby authorized, empowered
and directed to levy county taxes of an amount not in excess
of 8c on each one hundred dollars ($100. 00) of assessable
property subject to county taxes, to be collected according
to law in such amount as will repay in full with interest
the money borrowed or indebtedness incurred under this
Act by such county within two years after said indebted-
ness was incurred.

 

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Session Laws, 1933 (Special Session)
Volume 578, Page 278   View pdf image (33K)
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