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Session Laws, 1948, House and Senate Journals
Volume 585, Page 113   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 113

CHAPTER 48
(House Bill 14)

AN ACT to repeal and re-enact, with amendments, Section 4
of Chapter 674 of the Acts of 1947, authorizing and direct-
ing the County Commissioners of St. Mary's County to
apply the monies received from the State as an Incentive
Fund for school buildings for the payment of the interest
and principal of the notes or bonds issued under said
Chapter 674 of the Acts of 1947 and relating to the pay-
ment of any deficit out of the General Funds of the County.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 4 of Chapter 674 of the Acts of 1947 be
and it is hereby repealed and re-enacted, with amendments,
to read as follows:

4. For the purpose of paying the interest on said notes
and/or bonds, and for redeeming said notes and/or bonds
as they mature, the County Commissioners of St. Mary's
County shall apply all monies, or so much thereof as may
be necessary, received from the State of Maryland under the
provisions of said Section 199C of Article 77 of the Anno-
tated Code of Maryland (1947 Supplement), as said section
may be amended from time to time, providing for an Incen-
tive Fund for school buildings. In the event the Incentive
Fund received from the State is not sufficient to pay the in-
terest on said notes and/or bonds and the principal thereof,
then the said County Commissioners shall pay the deficit
thereof out of the General Funds of the County or shall levy
sufficient taxes to pay said deficit. Any taxes which may be
levied under this Act shall be collected in the same manner
as other taxes are levied and collected in said County.

SEC. 2. 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 of Maryland, the same shall take
effect from the date of its passage.

Approved June 1, 1948.

CHAPTER 49
(House Bill 15)

AN ACT authorizing and empowering the County Commis-
sioners of St. Mary's County to borrow upon the faith and
credit of St. Mary's County a sum of money not to exceed

 

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Session Laws, 1948, House and Senate Journals
Volume 585, Page 113   View pdf image (33K)
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