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Session Laws, 1949
Volume 590, Page 1471   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1471

WHEREAS, since the passage of said Budget Act a number
of bonds have been issued under the authority of said Sec-
tions of the Code and the payment of the principal of and
interest on such bonds has been guaranteed by the County
Commissioners of Anne Arundel County without respect to
any of the provisions of the Budget Act; and

WHEREAS, it is deemed wise to validate the issuance of
such bonds and the guarantee of the payment of the prin-
cipal of and interest on said bonds, if any such validation
be necessary, and to expressly provide that the said Budget
Act is intended to have no effect upon the authority granted
to issue the bonds under the above mentioned sections of the
Code and to have no effect upon the continuing authority
granted the County Commissioners of Anne Arundel County
to guarantee the payment of the principal of and interest on
any such bonds issued under the authority of the above
mentioned sections;

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be added to the Code of Public
Local Laws of Anne Arundel County (1947 Edition), to fol-
low immediately after Section 185 and to be known as Sec-
tion 185A, and to read as follows:

185A. None of the foregoing provisions of Sections 165 to
185 inclusive shall apply to, or be construed to apply to,
affect, or in any way limit the authority granted by Sections
84 to 99 inclusive, 486 to 537 inclusive, and 559 to 565 in-
clusive of this Code (being respectively the Annapolis Metro-
politan Sewerage Commission Act, the Sanitary District Act,
and the Taxing and Assessment District Act) to issue and
sell bonds, nor shall any of the foregoing provisions of Sec-
tions 165 to 185 inclusive, apply to or be construed to apply
to, affect or in any way limit the right of the County Com-
missioners of Anne Arundel County to guarantee the pay-
ment of the principal of and interest on any bonds issued
under the above mentioned sections of this Code. The limita-
tion included in Section 181 of this Code on the creation of
floating debt, obligation or liability on the credit of the
County and on borrowing money by the County is intended
as a limitation on the power of the County only insofar as
creating: said floating debt, obligation or liability or borrow-
ing said money is necessary to pay any deficiency arising
from the reduction of anticipated revenues in any year, and
in no way shall affect the power of the County to create
floating debt, obligation or liability, to borrow money or to

 

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Session Laws, 1949
Volume 590, Page 1471   View pdf image (33K)
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