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Session Laws, 1945
Volume 589, Page 1070   View pdf image (33K)
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1070 LAWS OF MARYLAND. [CH. 857

vided that the total indebtedness of said County created under
this section, actually outstanding at any one time shall never
exceed the sum of five hundred and fifty thousand dollars
($550, 000. 00). For any indebtedness created hereunder, the
Board of County Commissioners hereafter shall issue the note
or notes of said County Commissioners of Baltimore County,
said note or notes to be signed by the President of said Board
of County Commissioners and countersigned by the Treasurer
of Baltimore County, and to bear the seal of said Board of
County Commissioners of Baltimore County. A certified copy
of a resolution of the Board of County Commissioners author-
izing the issuance of said note or notes, certified to be a true
copy by the Clerk of said Board, under the seal of said Board,
which resolution recites that the amount of taxes collected
or of funds available from taxes collected is insufficient to
meet the current expenses or current obligations, of each
and every character of said County or that in the opinion
of the Board of County Commissioners of said County the
creation of said indebtedness is necessary for the protection
of the health, morals or safety of the people of said County,
shall be conclusive evidence of the facts so recited, in any pro-
ceeding involving the validity of any note or notes issued under
this section. Said note or notes shall bear such rate or rates
of interest and shall be payable at such time or times as may be
specified in the resolution or resolutions authorizing their
issuance. The said County Commissioners are further hereby
authorized to levy annually on the assessable property of said
County, over such period as in their judgment may seem ex-
pedient and proper, such taxes as are needed to repay funds
borrowed hereunder, together with interest as above provided.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1945.

Approved April 27, 1945.

CHAPTER 857.
(House Bill 834)

AN ACT to add a new section to Article 3 of the Code of
Public Local Laws of Maryland (1930 Edition), title "Balti-
more County", sub-title "Roads and Streets", said new sec-
tion to be known as Section 573 and to follow immediately
after Section 572; to add a new section to said Article to
be known as Section 589 and to follow immediately after
Section 588; to repeal and re-enact, with amendments, Sec-

 

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Session Laws, 1945
Volume 589, Page 1070   View pdf image (33K)
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