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Session Laws, 1951
Volume 603, Page 1306   View pdf image (33K)
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1306 LAWS OF MARYLAND [CH. 463

computed with relation to the absolute maturity of the
bonds in accordance with standard tables of bond values,
excluding, however, from such computation the amount of
any premium to be paid on the redemption of any bonds
prior to maturity.

PROVIDED, HOWEVER, THAT IN DORCHESTER
COUNTY, NO BONDS SHALL BE ISSUED UNDER
THE AUTHORITY OF THIS SUB-TITLE UNLESS THE
QUESTION OF ISSUING SUCH BONDS SHALL HAVE
BEEN SUBMITTED TO THE REGISTERED VOTERS
WITHIN THE GEOGRAPHICAL LIMITS OF THE
SAID AUTHORITY, THE COUNTY COMMISSIONER
OF THE COUNTY AND/OR THE MAYOR AND CITY
COUNCIL BY WHATEVER NAME KNOWN OF ANY
MUNICIPAL CORPORATION WITHIN DORCHESTER
COUNTY AND/OR THE BOARD OF ELECTION SU-
PERVISORS OF DORCHESTER COUNTY SHALL DO
SUCH THINGS AS ARE NECESSARY AND PROPER
TO SUBMIT SAID QUESTION TO A REFERENDUM
OF THE SAID VOTERS. PERSONS QUALIFIED TO
VOTE AT ANY SUCH REFERENDUM SHALL BE
THOSE WHO LIVE WITHIN THE GEOGRAPHICAL
AREA OF THE SAID AUTHORITY AND WHO ARE
DULY QUALIFIED AND REGISTERED VOTERS FOR
COUNTY AND STATE ELECTIONS IN SAID PART
OF DORCHESTER COUNTY. THE DATE FOR THE
SAID REFERENDUM SHALL BE SET BY THE
BOARD OF THE AUTHORITY AND EXCEPT AS IN
THIS SUB-TITLE OTHERWISE PROVIDED, SAID
REFERENDUM SHALL BE CONDUCTED AGREE-
ABLE TO THE GENERAL PROVISIONS IN ARTICLE
33 OF THE ANNOTATED CODE OF MARYLAND.
THE BALLOTS AT ANY SUCH REFERENDUM SHALL
HAVE PRINTED UPON THEM THE WORDS "FOR
THE BOND ISSUE" AND "AGAINST THE BOND
ISSUE. " IF A MAJORITY OF THE PERSONS VOTING
ON SAID QUESTION WITHIN THE GEOGRAPHICAL
LIMITS OF THE AUTHORITY SHALL VOTE "FOR
THE BOND ISSUE, " THE AUTHORITY MAY PRO-
CEED TO ISSUE SUCH BONDS. IF A MAJORITY OF
THE PERSONS VOTING ON SAID QUESTION WITH-
IN THE GEOGRAPHICAL LIMITS OF THE AUTHOR-
ITY SHALL VOTE "AGAINST THE BOND ISSUE, "
THE PROPOSAL TO ISSUE SUCH BONDS SHALL BE
NULL AND VOID AND OF NO EFFECT. NO SUCH
REFERENDUM VOTE SHALL BE CONSTRUED TO
PREVENT THE SUBMISSION OF THE SAME OR A


 

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Session Laws, 1951
Volume 603, Page 1306   View pdf image (33K)
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