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Session Laws, 1943
Volume 584, Page 1958   View pdf image (33K)
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1958 LAWS OF MARYLAND. [CH. 1008

Said bonds hereby authorized, and the interest payable
thereon, in the hands of the persons entitled thereto from time
to time, shall be and remain forever exempt from all state,
county and municipal taxation of every kind and nature
whatsoever in the State of Maryland, and none of the provi-
sions of Chapter 630 of the Acts of the General Assembly of
Maryland, passed at its January session in the year 1939,
shall be applicable to or have any bearing upon the manner
and method of sale of the bonds or notes authorized in this or
any of the preceding sections of this Act.

From the effective date of this Act the County Commis-
sioners of Montgomery County are hereby authorized and
directed to levy against all of the property within that por-
tion of the Maryland-Washington Metropolitan District
within Montgomery County assessed for the purposes of county
taxation annually the tax of seven cents (7^) on each f 100. 00 of
assessed valuation authorized in the next preceding section.
Such tax shall be levied notwithstanding the fact that no in-
terest may be due on said bonds or notes and/or notwith-
standing the fact that no bonds or notes whatever shall have
been issued hereunder; and every sixty (60) days the tax so
levied and collected to date by the County Commissioners
of Montgomery County shall be remitted to the Commission. In
addition to the said seven cent (7$) tax, the County Commis-
sioners of Montgomery County are authorized and directed in
like manner to levy annually upon the said assessable property;
to collect; and to remit to the Commission a tax of not to exceed
five cents (5^) on each f 100 of the said assessable basis for
establishment, installation, ' maintenance, operation, and de-
velopment of playground and other recreational facilities, in-
cluding day nurseries within parks, or other public places with-
in the district; provided that, not less than 15 days prior to the
date of the tax levy in any year, written request shall be made
by the Commission for the levy of the additional tax, which re-
quest shall specify the amount of the tax and the purpose for
which it is to be expended; provided further that the County
Commissioners of Prince George's County be and they are
hereby authorized to levy, collect and pay over to the Commis-
sion any or all of the taxes authorized in this paragraph in
like manner and upon the same basis as set forth in this para-
graph of this section, in which event all of the provisions of
this paragraph shall apply equally to both counties; and pro-
vided further, that the Boards of County Commissioners of
both counties be and they are hereby authorized from time to
time to grant moneys to the Commission upon its request for
the purpose of the Act, to be expended within the county
making the grant, and not to exceed annually in Prince
George's County an amount equal to one-half of the County's

 

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Session Laws, 1943
Volume 584, Page 1958   View pdf image (33K)
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