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Session Laws, 1943
Volume 584, Page 1244   View pdf image (33K)
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1244 LAWS OF MARYLAND. [CH. 730

and upon all property subject to taxation therein,
the aggregate amount of estimates, as hereinbefore di-
rected to be made, after the said Board of Estimates shall
have carefully ascertained all of the various estimates and
fixed them in such amounts as they shall think or consider
proper, the said Board of County Commissioners, afore-
said, shall levy the aggregate amount of the said estimates,
and in addition thereto they may levy not more than ten
per cent, of the said aggregate of estimates which addi-
tional sum shall be added to the total of estimates and the
sum thereof shall be the amount of the levy and no other
sum or sums of money shall be levied at all, the said levy
of taxes made as aforesaid shall become due and payable
and shall be collected in the manner and at the times now
fixed by law. The said ten per cent of the aggregate of
estimates, or so much thereof as may be levied, shall be
for emergency purposes and shall be dedicated and appro-
priated to meet any unexpected demand which may arise
after the said levy has been made, or to temporarily be
used to supply funds for some estimate when there is a
deficiency of revenue to meet the same.

153. The Board of County Commissioners of Dorches-
ter County shall not after the first day of May, 1916, cre-
ate any obligation or liability on the part of or on the
credit of the county which shall be a floating debt, and no
temporary loan shall be made to pay any deficiency arising
from a failure to realize sufficient income from revenue and
taxation to meet the amounts provided for in the said list
of estimates; but the Board of County Commissioners may
temporarily borrow money for the use of the county in
anticipation of the receipt of taxes levied for any year,
provided, that they shall not in the manner and for the pur-
pose aforesaid borrow in the aggregate more than seventy-
five thousand dollars, and such sum so borrowed shall all be
repaid and such demand fully satisfied on or before the first
day of December following the beginning of the fiscal year
in which the said money is so borrowed, and the said Board
of County Commissioners shall not borrow any money for
any purpose between the first day of December and the 31st
day of December ensuing, or the close of the said fiscal
year, except, however, such certificates of indebtedness
that may be issued from time to time by the said County
Commissioners (1) for the maintenance and support of
the public schools in said county and (2) for the mainte-
nance and repairs to the county shell road and bridges, not
exceeding one hundred and twenty thousand dollars in any
one fiscal year as provided by the succeeding Section 154
of this Article. In case of any deficiency in revenue and

 

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Session Laws, 1943
Volume 584, Page 1244   View pdf image (33K)
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