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Session Laws, 1935
Volume 579, Page 395   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 395

of taxes collected and/or of funds available from taxes
collected shall be insufficient to meet the current expenses
and/or current obligations, of any and every character,
of Baltimore County, and/or at any time and from time
to time on or before said first day of June, 1937, whenever
in the opinion of the Board of County Commissioners of
Baltimore County, it shall be necessary for the protection
of the health, morals and/or safety of the people of the
County, the said Board of County Commissioners of Bal-
timore County shall be and they are hereby authorized to
borrow upon the faith and credit of said County, in addi-
tion to the sum or sums authorized in Section 135 of said
Article 3, such other and extra sum or sums as in their
discretion may be necessary to pay such expenses and/or
obligations and/or to provide for such protection of health,
morals and/or safety; provided, that the total indebted-
ness of said County created under this section said Sec-
tion 135A, and Section 126 of said Article 3 actually out-
standing at any one time shall never exceed the sum of
five hundred and fifty thousand dollars ($550, 000. 00). For
any indebtedness created hereunder, the Board of County
Commissioners, on or before the first day of June, 1937,
but not thereafter, shall issue the note or notes of said
County Commissioners of Baltimore County maturing on
or before the first day of June, 1938, but not thereafter,
said note or notes to be signed by the President of said
Board of County Commissioners and countersigned by the
Treasurer of Baltimore County, and to bear the seal of said
Board of County Commissioners of Baltimore County. A
certified copy of a resolution of the Board of County Com-
missioners authorizing the issuance of said note or notes,
certified to be a true copy by the Clerk of said Board, un-
der the seal of said Board, which resolution recites that
the amount of taxes collected and/or of funds available
from taxes collected is insufficient to meet the current ex-
penses and/or current obligations, of each and every char-
acter, of said County, and/or that in the opinion of the
Board of County Commissioners of said County the crea-
tion of said indebtedness is necessary for the protection
of the health, morals or safety of the people of said County,
shall be conclusive evidence of the facts so recited, in any
proceeding involving the validity of any note or notes is-
sued under this section. Said note or notes shall bear
such rate or rates of interest and shall be payable at such
time or times (agreeable to the terms of this section) as
may be specified in the resolution or resolutions authoriz-
ing their issuance. The said County Commissioners are

 

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Session Laws, 1935
Volume 579, Page 395   View pdf image (33K)
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