THEODORE R. MCKELDIN, GOVERNOR 649
CHAPTER 255

(House Bill 480)

AN ACT authorizing and empowering the County Commis-
sioners of Harford County to borrow upon the faith and
credit of Harford County a sum of money not to exceed One
Hundred Thousand Dollars ($100, 000), at a rate of interest
not to exceed five per cent and to issue notes, certificates of
indebtedness and/or bonds therefor, for the purpose of pur-
chasing a building in the immediate vicinity of Bel Air,
Maryland for the housing of public offices of the County;
and providing for the levying of taxes by said County Com-
missioners to repay the loan and the interest thereon, and
exempting interest payable thereon from State, County and
municipal taxation.

SECTION 1. Be it enacted, by the General Assembly of Mary-
land, That the County Commissioners of Harford 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 Harford County, a sum or sums of money not to exceed One
Hundred Thousand Dollars ($100, 000) at a rate of interest
not to exceed five per cent (5%) per annum, for the purpose of
purchasing a building for the housing of public offices of the
County in the immediate vicinity of Bel Air, Maryland.

SEC. 2. And be it further enacted, That the said County Com-
missioners are hereby authorized to borrow, under the provi-
sions of this Act, from such bank, banker or trust company, or
from any other source, as they shall from time to time select,
for the purpose of carrying out the intent of this Act. The said
County Commissioners are authorized to execute and deliver
negotiable promissory notes, certificates of indebtedness,
and/or bonds of the County Commissioners of Harford County,
to be signed by the President of said County Commissioners
and the Treasurer of Harford County, with the seal of the
County affixed thereto, in such denominations, payable at such
place and at such date or dates as the County Commissioners
shall by resolution provide, and/or to issue and sell said notes,
certificates of indebtedness and/or bonds upon the faith and
credit of the County such amount or amounts as said Com-
missioners shall determine, but the total amount of such notes,

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.

CAPITALS indicate amendments to bill.

Strike out indicates matter stricken out of bill.