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Session Laws, 1951
Volume 603, Page 1141   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 1141

PRICES AND UNDER SUCH TERMS AND CONDITIONS
AS MAY BE FIXED BY THE COMMISSION PRIOR TO
THE ISSUANCE OF SUCH BONDS.

(b) They shall be issued under the hand and seal of said
Commission and shall be
guaranteed as to payment of principal
and interest by the County Council or the County Commis-
sioners of both Montgomery and Prince George's Counties,
which guaranty shall be endorsed on each of said bonds in the
following language: "The payment of interest when due and
the principal at maturity is guaranteed by Montgomery and
Prince George's Counties, Maryland" The bonds of the Sani-
tary Commission shall be signed by the Chairman and the
Secretary-Treasurer of the Commission or, if the Commission
shall so provide, by any two of its members and the official
seal of the Commission shall be impressed upon the bonds.
Said guaranty or endorsement by the County Council or the
County Commissioners shall be signed on each of said bonds on
behalf of each County by the Secretary or Clerk of the County
Council or the Board of County Commissioners or by any
officer designated for such purpose by the County Council or
the Board of County Commissioners, within twenty days after
the bonds are presented by said Commission for the signing
of such endorsement. In the event of any liability under the
above guaranty, such liability for each county shall be in such
proportion as the assessable basis of that part of either county
within the Sanitary District bears to the assessable basis of
the whole of said District.

(c) The County Council of Montgomery County or the Board
of
County Commissioners of Prince George's County may at
any time in person or by either of their duly authorized agents
audit and examine the books and records of the said Commis-
sion. Provided, however, that such audit or examination shall
be without cost to said Commission.

SEC. 2. And be it further enacted, That Chapter 541 of the
Acts of the General Assembly of 1949 and Chapter 92 of the
Acts of the General Assembly of 1950, be and the same are
hereby repealed.

SEC. 3. 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, 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 its passage.

Approved April 13, 1951.


 

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Session Laws, 1951
Volume 603, Page 1141   View pdf image (33K)
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