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Session Laws, 1931
Volume 580, Page 702   View pdf image (33K)
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702                         LAWS OF MARYLAND.                  [CH. 270

no more, for the payment of the salary or salaries of the said
additional clerk or clerks, said salary or salaries to be paid
monthly.

Approved April 17, 1931.

CHAPTER 270.

AN ACT to repeal and re-enact with amendments Section 136 of
Article 11 of the Code of Public Local Laws of Maryland
(1930 Edition), title "Frederick County, " sub-title "County
Commissioners, " for the purpose of permitting the County
Commissioners for Frederick County to borrow a sum of
money on the credit of the county, not to exceed the sum of
fifty thousand dollars ($50, 000) in any one year, for the pur-
pose of paying the interest on the bonded indebtedness of
the county, when arid as it becomes due and payable.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 136 of Article 11 of the Code of Public Local
Laws of Maryland (1930 Edition), title "Frederick County, "
sub-title "County Commissioners, " be and it is hereby repealed
and re-enacted with amendments, to read as follows:

136. The Board of County Commissioners of Frederick County
shall not after the 1st day of July, 1920, create any obligation
or liability on the part of or on the credit of the county which
shall be a floating debt, nor issue any certificates of indebted-
ness, nor shall said Board borrow any money whatever for any
purpose without special legislative authority to make the loan;,
and in case of any deficiency in revenue and taxation to meet
the amounts provided in the said estimates, there shall be a pro
rata abatement of all appropriations, except for the payment
of the State taxes, the principal and interest of the county debt
and salaries and obligations fixed by law; and in case of any sur-
plus arising in any fiscal year by reason of excess income re-
ceived from the estimated revenue over the expenditures for
such year or by reason of unexpended appropriations or unex-
pended emergency fund for such year, the said surplus shall be
passed by the Board of County Commissioners to a fund which
shall be a part of the revenue for the ensuing fiscal year.

Provided, however, that said County Commissioners for Fred-
erick County are authorized to borrow temporarily on promis-
sory notes during any one year a sum of money not to exceed
the sum of fifty thousand dollars ($50, 000), to pay the interest.

 

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Session Laws, 1931
Volume 580, Page 702   View pdf image (33K)
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