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Session Laws, 1935
Volume 579, Page 1233   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 1233

and been paid, levy a tax upon all the assessable property
in said county sufficient to pay the annual interest on all
of said bonds that may be issued and outstanding as said
interest becomes due and payable, and also a tax in each
year upon all said assessable property in said county suf-
ficient to pay the principal of said bonds as said bonds
respectively mature and are due and payable.

SEC. 10. And be it further enacted, That the authority
herein granted is exclusive and shall not be construed to be
in addition to or supplementary of any other authority to
borrow money and issue bonds heretofore conferred upon
the County Commissioners of Montgomery County or the
Board of Education of Montgomery County, and in the
event the County Commissioners of Montgomery County
or the Board of Education of Montgomery County shall
determine to borrow any money for the school construction
program hereinabove described from the United States of
America or any agency thereof pursuant to the authority
of any other law or laws heretofore enacted, then and in
such event the authority to borrow from the United States
of America or any agency thereof as conferred by this
Act shall become null and void and of no effect.

SEC. 11. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and having been passed by 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 May 17, 1935.

CHAPTER 588.

AN ACT to authorize and empower the County Commis-
sioners of Montgomery County to borrow upon the faith
and credit of said county a sum not exceeding in the ag-
gregate Two Hundred and Seventy-two Thousand Five
Hundred Dollars ($272, 500. 00) and to issue and sell cou-
pon bonds therefore at any time or from time to time not
later than June 1, 1937, for the purpose of providing funds
for the retirement or refunding of certain specific road
bonds and street improvement certificates of indebtedness

 

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Session Laws, 1935
Volume 579, Page 1233   View pdf image (33K)
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