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Session Laws, 1941
Volume 582, Page 197   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 197

in part of the first maturing interest coupons. From the
balance of said proceeds, including any premium received for
said bonds, said County Treasurer shall deduct and pay all
reasonable expenses incurred in the issue thereof, including
cost of advertising, printing and delivering said bonds and
all counsel fees and other legal expenses incurred in connec-
tion with said issue and sale. The remainder of said pro-
ceeds shall be paid over by said County Treasurer to the Board
of Governors of the Memorial Hospital of Cumberland when
and as he shall be directed so to do by the Board of County
Commissioners of Allegany County. As hereinabove provided,
said Board of County Commissioners of Allegany County shall
not direct the payment of said funds to said Board of Gov-
ernors unless and until the Mayor and City Council of Cum-
berland shall have procured and provided in a legal manner a
like amount and shall have paid the same to said Board of
Governors of the Memorial Hospital of Cumberland.

SEC. 8. And be it further enacted, That in order to provide
for the payment of the maturing principal and interest on any
bonds issued in accordance with the authorization contained
in this Act, the County Commissioners of Allegany County
shall annually in the fiscal year during which the bonds are
issued, and in each fiscal year thereafter, cause to be levied
and collected upon all of the assessable property within the
corporate limits of Allegany County, a tax which shall be
sufficient to pay the Interest on said bonds during each such
fiscal year and also to redeem all of said bonds which shall
mature during that fiscal year and said taxes shall be collected
in like manner as other taxes levied in said County are col-
lected, and when collected, shall be applied exclusively to the
payment of the interest on said bonds and to their redemption
as and when they mature.

SEC. 9. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the
immediate 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 March 26, 1941.

CHAPTER 156.
(House Bill 392)

AN ACT to repeal Sections 168A to 168E, inclusive, of Article
8 of the Code of Public Local Laws of Maryland (1930 Edi-

 

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Session Laws, 1941
Volume 582, Page 197   View pdf image (33K)   << PREVIOUS  NEXT >>


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