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Session Laws, 1949
Volume 590, Page 956   View pdf image (33K)
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956 LAWS OF MARYLAND. [CH. 399

immediate preservation of the public health and safety, and
having been passed by a yea and nay vote, supported 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 the passage.

Approved April 22, 1949.

CHAPTER 399

(House Bill 578)

AN ACT authorizing and empowering the County Commis-
sioners of Kent County to borrow upon the faith and
credit of Kent County a sum of money not to exceed Five
Hundred Thousand Dollars ($500, 000) at a rate of in-
terest to be determined by them and to issue notes and/or
bonds therefor, for the purpose of erecting, altering, main-
taining and repairing and equipping school buildings and
building additions to existing school buildings, and equip-
ping same; and providing for the levying of taxes by said
County Commissioners to repay the loan and interest
thereon, and providing that said loan and every part there-
of and the interest payable thereon, shall remain exempt
from State, County and municipal taxation.

SECTION 1. Be it enacted "by the General Assembly of Mary-
land, That the County Commissioners of Kent County be
and they are hereby authorized and empowered to borrow
at such time or times as they may decide, upon the faith
and credit of Kent County, a sum or sums of money not to
exceed Five Hundred Thousand Dollars (f500, 000), at a rate
of interest to be determined by them, for the purpose of erect-
ing new school buildings, purchase of land for said buildings,
architect and other professional fees in connection with
said buildings, repairs, maintenance and alterations of exist-
ing school buildings, and equipping school buildings in Kent
County.

SEC. 2. And be it further enacted, That the said County
Commissioners are hereby authorized to borrow under the
provisions of this Act, from such bank, banker or trust
company, or from any other source, as they shall from time
to time select. The said County Commissioners are au-
thorized to execute and deliver negotiable promissory, notes,
certificates of indebtedness, or bonds of the County Com-

 

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Session Laws, 1949
Volume 590, Page 956   View pdf image (33K)
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