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Session Laws, 1931
Volume 580, Page 42   View pdf image (33K)
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42                           LAWS OF MARYLAND.                   [CH. 23

upon the acceptance of said note or obligation and confessed
judgment and payments as aforesaid, the Tax Collector of the
District in which said property is located, together with the
surety upon his bond, shall be released from the collection of
such county taxes. The amount of commissions paid as afore-
said shall be deducted from the amount of taxes, in computing
the amount for which said note or obligation and confessed
judgment shall be made. Said applicant shall at all times
keep said property insured against fire, and in default of the
same execution may issue as in any other default.

Said note and confessed judgment and waiver of liens shall
be duly signed by the person or persons legally entitled to sign
the same and shall be acknowledged in the same manner and
before officers who- are authorized to take acknowledgments of
deeds. Upon the acceptance by said County Commissioners
of said note or obligation and confessed judgment and waiver
of liens, the said waiver of liens and confessed judgment shall
be filed with the Clerk of the Circuit Court for Allegany
County the same as other confessed judgments are recorded.

The said County Commissioners are hereby authorized and
empowered to endorse and assign or otherwise dispose of said
note or obligation and confessed judgment either in whole or
in parts, and if in whole, at maturity or upon default, the said
County Commissioners shall pay to the holder thereof the
amount then due, and collect the said amount from the maker
thereof, and in the event said note or obligation shall be dis-
posed of by said County Commissioners in parts, and default
shall occur upon any of said parts, then at the request of the
holder of any part, any and all parts shall become due and
payable by said County Commissioners to the holder thereof,,
and the County Commissioners of Allegany County shall there-
upon enforce the payment of the total amount then due by
execution and collection, as herein provided.

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and having
been passed by a yea. and nay vote, supported by three-fifths
of all 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 April 6, 1931.

 

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Session Laws, 1931
Volume 580, Page 42   View pdf image (33K)
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