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Session Laws, 1939
Volume 581, Page 366   View pdf image (33K)
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366 LAWS OF MARYLAND. [CH. 215

cient to meet and pay the running expenses of the city, for
the ensuing current year beginning July 1st and ending on the
following June 30th; provided, however, that the said Commis-
sioners of Cambridge shall in no year levy for the running
expenses of the city more than eighty-five cents ($. 85) on
each $100 of assessable property. The Commissioners of
Cambridge shall annually, at the same time, levy such ad-
ditional sums of money as shall be sufficient to pay (a)
the interest due during said year on all bonds and other
indebtedness of the City of Cambridge outstanding during
said year, (b) the principal of all serial bonds and indebted-
ness of the City of Cambridge due during said year, and
(c) an annual pro rata contribution to the sinking fund for
all bonds and indebtedness of the City of Cambridge not
maturing serially, which sinking fund shall be calculated so
as to pay at maturity the principal of all such bonds and
indebtedness of the City of Cambridge not maturing serially.
The power and duty of the Commissioners of Cambridge at
all times to levy a sufficient sum of money to pay principal
and interest on all duly authorized and outstanding bonds and
other indebtedness of the City of Cambridge shall be unlimited.
The Commissioners of Cambridge, in making the annual levies
herein provided for, shall do so item by item, specifying the
departments of the city for which the levy is made, and the
amount to be expended therein. They shall in the month of
March in each and every year by order noted in the minute
book, and a copy thereof served upon the town clerk, treasurer
and collector or any other official receiving and collecting
revenue for said city, require the said official to make a final
settlement with the town clerk, treasurer and collector, on
or before the 30th day of June following. And the said Com-
missioners shall not expend any more money in any fiscal
year than is received by them from all sources of revenue, due
and owing to the said city. And any Commissioner or Com-
missioners voting to authorize such expenditure in excess of
the amount levied and received as aforesaid, shall be per-
sonally responsible for the payment of any sum or sums of
money paid in excess of the amount so levied and received.

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 being
passed upon 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 26, 1939.


 

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Session Laws, 1939
Volume 581, Page 366   View pdf image (33K)
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