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Session Laws, 1945
Volume 589, Page 275   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 275
CHAPTER 317.
(Senate Bill 392)

AN ACT to repeal and re-enact, with amendments, Sections
153 and 154 of Article 10, of the Code of Public Local
Laws of Maryland (1930 Edition), title "Dorchester
County, " sub-title "Board of Estimates, " as amended by
Chapter 366 of the Acts of 1933, relating to the issuing of
Certificates of Indebtedness for certain purposes, by the
Board of County Commissioners of Dorchester County.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sections 153 and 154 of Article 10, of the Code of
Public Local Laws of Maryland (1930 Edition), title "Dor-
chester County, " sub-title "Board of Estimates, " as
amended by Chapter 366 of the Acts of 1933, be and they
are hereby repealed and re-enacted, with amendments, to
read as follows:

153. The Board of County Commissioners of Dorches-
ter County shall not after the first day of May, 1916,
create any obligation or liability on the part of or on the
credit of the county which shall be a floating debt, and no
temporary loan shall be made to pay any deficiency arising
from a failure to realize sufficient income from revenue
and taxation to meet the amounts provided for in the said
list of estimates; but the Board of County Commissioners
may temporarily borrow money on promissory note or notes
on the faith and credit of Dorchester County, for the use of
the county in anticipation of the receipt of taxes levied
for any year, provided that they shall not in the manner
and for the purpose aforesaid borrow in the aggregate
more than Eighty thousand ($80, 000) dollars, and such
sum or any part thereof so borrowed shall all be repaid
and such demand fully satisfied on or before the first
day of December following the beginning of the fiscal year
in which the said money is so borrowed, and the said Board
of County Commissioners shall not borrow any money for
any purpose between the first day of December and the
thirty-first day of December ensuing, or the close of the"
said fiscal year, except, however, such certificates of indebt-
edness that may be issued from time to time by the said
County Commissioners upon the faith and credit of Dor-
chester County (1) for the maintenance and support of
the public schools in said county and (2) for the mainte-
nance and repairs to the county roads, bridges and
ferries therein, not exceeding one hundred and twenty
thousand dollars in any one fiscal year as provided by the

 

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Session Laws, 1945
Volume 589, Page 275   View pdf image (33K)
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