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Session Laws, 1953
Volume 606, Page 1263   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 1263

CHAPTER 647
(Senate Bill 530)

AN ACT to authorize and direct the County Commis-
sioners of Queen Anne's County to borrow upon the
faith and credit of said County the sum of One Hundred
Fifty Thousand Dollars ($150, 000) at a rate of interest
not to exceed three per cent. (3%) per annum, and to
issue notes and/or bonds therefor, for the purpose of
constructing an addition to the Court House in Queen
Anne's County and for such improvements to the present
Court House as the County Commissioners of Queen
Anne's County shall deem to be necessary. and provid-
ing for a referendum thereon.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Queen Anne's County
be and they are hereby authorized and directed to borrow
upon the faith and credit of said county the sum of One
Hundred Fifty Thousand Dollars ($150, 000) at a rate of
interest not to exceed three per cent. (3%) per annum,
and to issue notes and/or bonds therefor, for the purpose
of constructing an addition to the Court House in Queen
Anne's County and for such improvements to the present
Court House as the County Commissioners of Queen Anne's
County shall deem to be necessary. and providing for a
referendum thereon.

SEC. 2. And be it further enacted, That the said County
Commissioners are hereby authorized and empowered 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 authorized to execute and deliver nego-
tiable promissory notes, certificates of indebtedness, or
bonds of the County Commissioners of Queen Anne's
County, to be signed by the President of said County Com-
missioners and the Treasurer of Queen Anne's County,
with the seal of the said County affixed thereto, in such
denomination or denominations, payable at such place and
at such date or dates as the said County Commissioners
shall by resolution provide and/or to issue and sell said
notes, certificates of indebtedness, or bonds upon the faith

——————

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.


 

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Session Laws, 1953
Volume 606, Page 1263   View pdf image (33K)
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