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Session Laws, 1939
Volume 581, Page 1504   View pdf image (33K)
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1504 LAWS OF MARYLAND. [CH. 714

other regulations adopted or enacted by the Commission or
the District Councils, together with such annotations and
maps as the Commission deems appropriate; and (b) annu-
ually a report setting forth in such detail as the Commission
deems appropriate the work of the Commission for the year,
including its land acquisitions, financial transactions, per-
sonnel, litigation and disposition of violations, and other data
and information. The Commission is authorized to charge a
fee for such publication sufficient to cover in whole or in part
the cost thereof.

SEC. 29. And be it further enacted, That for the purpose of
paying the current operating or administrative expenses of
the Commission, including the cost of the development of the
plan of the District or any part of such plan and including
the cost of the exercise of the powers and functions granted
by this Act to the Commission, there shall be levied annually,
beginning with the next annual levy, against all the assess-
able property within the District by the County Commis-
sioners of Montgomery and Prince George's Counties respec-
tively a tax of three (3¢) cents on each one hundred dollars.
Each of said Boards of County Commissioners is hereby
directed in its next annual levy and annually thereafter to
levy said tax on all property in its county within the District
both real and personal, assessed for county tax purposes,
which taxes shall be levied and collected as county taxes now
are or may be hereafter by law levied and collected, and have
the same priority rights, bear the same interest and penal-
ties and in every respect be treated the same as county taxes.
The proceeds of the collection of such tax shall be paid to the
Commission and shall constitute the administrative fund of
the Commission. The expenditures of the Commission for
operating or administrative purposes shall be within the
amount of such fund, together with such additional funds as
may be appropriated or contributed for such purposes by said
County Commissioners or by the General Assembly of Mary-
land or by the United States or by private donors.

The Commission is hereby authorized and empowered from
time to time during any fiscal year to borrow such sums of
money on promissory notes, to be known as Tax Anticipation
Certificates of Indebtedness to bear interest at not exceeding
six per centum (6%) per annum, to be signed by the Chair-
man and the Secretary-Treasurer of the Commission, as may
be necessary to meet its administrative operating expenses
within Montgomery County under this Act, from any bank
or institution or individual willing to lend the same, and
from time to time to issue and to renew its Tax Anticipation
Certificates of Indebtedness for the same bearing interest at


 

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Session Laws, 1939
Volume 581, Page 1504   View pdf image (33K)
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