|
HERBERT R. O'CONOR, GOVERNOR. 555,
SECTION 1. Be it enacted by the General Assembly of Maryland,
That the Mayor and City Council of Berlin shall create
and establish a Fund to be known as the "Sinking Fund
of Berlin. " The principal of said Fund shall be used ex-
clusively and solely for the payment of the principal of the
"Improvement and "Extension" bonds of said town, as
authorized by Chapter 521 of the Laws of 1910.
The Mayor and City Council of Berlin shall transfer
and credit to the Fund the sum of Fifteen Thousand
Dollars ($15, 000. ) of funds belonging to the Town of Ber-
lin which are now invested 'in United States Government
bonds. The said Mayor and City Council, are hereby auth-
orized and empowered to sell said United States govern-
ment bonds to the end that said "Improvement and Ex-
tension"'bonds may be repaid as they become due and
payable.
Any interest arising out of the investment of the prin-
cipal of said Fund may be used to pay the interest due on
said "Improvement and Extension" bonds or may be used
for the general expenses of the town, but it shall be un-
lawful for the Mayor and City Council of Berlin to use
any of the principal of said Fund for any other purpose
than for the payment of the principal of the "Improve-
ment and Extension" bonds of said Town now outstand-
ing.
SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1945.
Approved April 5, 1945.
CHAPTER 535.
(Senate Bill 390)
AN ACT to repeal and re-enact, with amendments, Sec-
tions 76 and 77 of Article 81 of the Annotated Code of
Maryland (1943 Supplement), title "Revenue and
Taxes, " sub-title "Tax Sales, " making certain provisions
of said sections applicable to Cecil County.
SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sections 76 and 77 of Article 81 of the Annotated
Code of Maryland (1943 Supplement), title "Revenue and
Taxes, " sub-title "Tax Sales, " be and it is hereby repealed
and re-enacted, with amendments, to read as follows:
|