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Session Laws, 1943
Volume 584, Page 1478   View pdf image (33K)
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1478 LAWS OF MARYLAND. [CH. 832

authorized. to levy annually such sums as they may deem
sufficient to meet and pay the running expenses of the
City of Cambridge, Maryland, provided that the levy
in no year for the said running expenses of the said city,
except for the fiscal year 1943 and 1944, shall be more
than eighty-five cents ($. 85) on each $100 of assessable
property, and provided that in no year, for the fiscal
years 1943 and 1944, shall the levy for the said running
expenses of the said City be more than one dollar ($1. 00)
on each $100 of assessable property.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 61 of Article 10 of the Code of
Public Local Laws of Maryland (1930 Edition), title "Dor-
chester County", sub-title "Cambridge", sub-heading "Tax
Levy", repealed and re-enacted, with amendments, as by
Chapter 215 of the Acts of the General Assembly of Mary-
land, 1939 session, be and the same is hereby repealed and
re-enacted, with amendments, to read as follows:

61. The Commissioners of Cambridge shall annually
before the last day of June, levy such sums as they may
deem sufficient 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, how-
ever, that the said Commissioners of Cambridge shall in no
year, except for the years 1943 and 1944, levy for the run-
ning expenses of the city more than eighty-five cents ($«85)
on each $100 of assessable property; and provided, further,
that the said Commissioners of Cambridge shall in no year,
for the fiscal years 1943 and 1944, levy for the running
expenses of the city more than one dollar ($1. 00) on each
$100 of assessable property. The Commissioners of Cam-
bridge shall annually, at the same time, levy such addi-
tional sums of money as shall be sufficient to pay (a) the
interest due during said year on all bonds and other in-
debtedness of the City of Cambridge outstanding during
said year, (b) the principal of all serial bonds and indebt-
edness of the City of Cambridge due during said year,
and (e) an annual pro rata contribution to the sinking
fund for all bonds and indebtedness of the City of Cam-
bridge 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 Commis-
sioners of Cambridge at all times to levy a sufficient sum
of money to pay principal and interest on all duly author-
ized and outstanding bonds and other indebtedness of the
City of Cambridge shall be unlimited. The Commission-

 

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Session Laws, 1943
Volume 584, Page 1478   View pdf image (33K)
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