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Session Laws, 1951
Volume 603, Page 579   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 579

visions of Sections 35 and 36 of Article 31 of the Anno-
tated Code of Maryland (1939 Edition),; said bonds shall
be exempt from all State, county and municipal taxation,
and shall have printed on them a distinct reference to the
Act authorizing their issuance.

SEC. 3. And be it further enacted, That the County
Commissioners of Charles County, in the event any of said
bonds are issued, be and they are hereby authorized and
directed to levy each year so long as said bonds are out-
standing and not paid a tax sufficient to redeem the same at
their maturity and to pay the interest thereon, the pro-
ceeds of said tax to be kept in a special fund and in no case
to be used for any other purpose. In case such bonds shall
be issued in any year after the making of the regular levy
for that year, then said Commissioners are authorized
and directed to pay any and all interest coming due before
the next levy out of any other funds at its disposal and to
levy at the next succeeding levy, to reimburse such other
funds.

SEC. 4. And be it further enacted, That the County
Commissioners of Charles County be and they are hereby
authorized and empowered to do all acts and things neces-
sary to issue and sell said bonds, to have the same regis-
tered if necessary, and to do all things necessary to carry
out the purposes of this Act, even though the same may not
be specifically mentioned herein or in any other Act relat-
ing to said County.

SEC. 5. And be it further enacted, That Chapter 270 of
the Acts of 1949 be and the same is hereby repealed.

SEC. 6. And be it further enacted, That no bonds shall
be issued under the authority of this Act after December
31, 1955.

SEC. 7. 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 March 28, 1951.


 

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Session Laws, 1951
Volume 603, Page 579   View pdf image (33K)
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