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Session Laws, 1935
Volume 579, Page 1240   View pdf image (33K)
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1240 LAWS OF MARYLAND. [CH. 589

termine to temporarily advance from the general funds of
the county sums sufficient to provide for the payment of
any such bonds, certificates of indebtedness or other obli-
gations in anticipation of the sale of the bonds authorized to
be issued and sold pursuant to the provisions of this Act
then the authority to issue and sell such bonds as authorized
by this Act shall continue in full and the proceeds of the
sale of so much of said bonds as shall be sold for the pur-
pose of refunding the bonds, certificates of indebtedness or
other obligations paid by advances from the general funds
of the county as hereinabove recited, shall be paid into the
said general funds of the county for the purpose of reim-
bursing the same for such advances.

SEC. 10. 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 589.

AN ACT to re-enact with amendments Section 720A of
Article 4 of the Code of Public Local Laws of Maryland
(1930 Edition), title "Baltimore City, " sub-title "Mort-
gages, " enacted by Chapter 56 of the Acts of 1933, Ex-
traordinary Session of the General Assembly of Mary-
land, relating to securing decrees under mortgages con-
taining an assent to such decree for a foreclosure sale,
suspending for the period hereinafter stated the right of
a holder of a fractional interest in the unpaid mortgage
debt to secure any decree for a foreclosure sale except as
provided in this Act.

WHEREAS prior to the enactment by the General Assem-
bly of Maryland at its Special Session aforesaid of the afore-
said Act of 1933, Chapter 56, under Section 720 of the said
Article 4 of the Local Laws of Maryland as the same was
construed by the Court of Appeals of Maryland, the holder
of a fractional interest, no matter how small, in a debt
secured by a mortgage, could secure a decree under the as-
sent to such decree contained in such mortgage, and upon
any default in said mortgage the Trustee named in said

 

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Session Laws, 1935
Volume 579, Page 1240   View pdf image (33K)
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