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Session Laws, 1945
Volume 589, Page 1626   View pdf image (33K)
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1626 LAWS OF MARYLAND. [CH. 950

may be selected or approved by the Maryland National Capital
Park and Planning Commission, and for the purchase of
sites for such buildings or swimming pools in either Bethesda,
Rockville, Takoma Park or Gaithersburg and in such other
locations in Montgomery County as may be selected or ap-
proved by the Maryland National Capital Park and Planning
Commission; provided, however, in no event shall the County
exercise any of the powers herein granted in any portion of the
County where any commission, board, district, or authority,
heretofore created, already possesses and is exercising like
powers, it being the intention of this section to grant such
powers to the County as a supplement to and not in substi-
tution for such of said powers as have already been granted
to or conferred upon any such commission, board, district or
authority within the corporate limits of said County, and
provided further that the County may contract or covenant
with any such commission, board, district or authority for the
exercise by any such commission, board, district or authority
of any of the foregoing powers already possessed by it and for
the financing of such exercise, in whole or in part, by the
County in the manner prescribed and pursuant to the authority
contained in the following sections of this Act.

SEC, 2. And be it further enacted, That in order to enable
the County to exercise the authority granted by Section 1
of this Act, said County is hereby granted the power and
authority to borrow money and incur indebtedness at any
time and from time to time prior to December 1, 1946, not
exceeding Five Million Dollars ($5, 000, 000. 00) in the aggre-
gate, in addition to any amounts borrowed for funding, re-
funding or refinancing any present obligation of the County,
under the authority set forth in Paragraph (b) of this sec-
tion, and to evidence said borrowing or indebtedness by issu-
ing its serial bonds upon such terms and conditions as the
County may prescribe or agree upon. Any such bonds may
be issued pursuant to the authority of this Act and for the
purposes hereinabove enumerated at any time or from time
to time hereafter, the authority herein contained to be con-
strued as a continuing one until December 1, 1946, not ex-
hausted at any time in the exercise thereof within said limits
and prior to said date. The general provisions governing the
bonds authorized to be issued by this Act whether issued in
furtherance of any of the purposes set forth in Section 1 of
this Act, or for refunding purposes under Paragraph (b) of
this Section 2 and the special provisions, limitations and con-
ditions applicable thereto, are as follows:

(a) Before borrowing any money or incurring any indebt-
edness pursuant to the authority of this Act or issuing any

 

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Session Laws, 1945
Volume 589, Page 1626   View pdf image (33K)
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