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Session Laws, 1949
Volume 590, Page 569   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 569

and credit and taxing power of the County to the payment
of the maturing principal and interest of such bonds as
and when the same respectively mature. The County Com-
missioners shall apply to the payment of the interest and
principal of all such school bonds, when due, all moneys
pledged to that purpose by the Board of Education of
Carroll County to the extent collected by said Board under
the school construction incentive fund plan established by
Section 199C of Article 77 of the Annotated Code of Mary-
land (1947 Supplement) and under said plan as it may be
modified or enlarged by the 1949 Session of the General
Assembly, or thereafter. They may also so apply all
moneys received by the County under the provisions of
Chapter 902 of the Acts of 1947, as amended, providing
for the payment of racing revenues to the public schools
of Carroll County, but they shall not be obliged so to apply
all moneys received under said Act and may, in their com-
plete discretion, apply all or part of the moneys received
under the provisions of said Act to the maintenance of the
public schools. They may, in their complete discretion,
similarly so apply to the payment of the interest and prin-
cipal of all road bonds, when due, or for the maintenance
of said roads all or part of the moneys received by the
County, from the State in the form of motor vehicle, gaso-
line tax, or road funds, including particularly the moneys
received by the County under the provisions of Section 13
of Article 89B of the Annotated Code (1947 Supplement),
and Section 25A of Article 66 1/2 of the Annotated Code
1947 Supplement). In the event that in any year the
moneys so^ specified as pledged to the payment of school
bonds, or the moneys so specified as pledged to the pay-
ment of road bonds, either or both, shall be insufficient to
pay the interest and principal of the school bonds, or road
bonds maturing in that year, as the. case may be, the
County Commissioners shall levy ad valorem taxes upon all
property in the County subject to assessment for unlimited
ad valorem taxation in rate and amount sufficient in each
such year to pay the deficit, said taxes to be levied and
collected in such manner as may be lawful.

SEC. 2. And be it further enacted, That this Act is
hereby declared to be an emergency measure and necessary
for the immediate preservation of the public health and
safety, and having been passed by a yea and nay vote, sup-
ported by three-fifths of all of the members elected to each
of the two Houses of the General Assembly of Maryland,
the same shall take effect from the date of its passage.

Approved April 22, 1949.

 

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Session Laws, 1949
Volume 590, Page 569   View pdf image (33K)
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