THEODORE R. MCKELDIN, GOVERNOR 287
being Article 16 of the Code of Public Local Laws of
Maryland, title "Montgomery County", sub-title "Tem-
porary Loans", to increase the authorized amount of
borrowed indebtedness to $30, 000. 00, in the City of
Rockville.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 113-84 of the Montgomery County
Code (1950 Edition), being Article 16 of the Code of Public
Local Laws of Maryland, title "Montgomery County", sub-
title "Temporary Loans", be and it is hereby repealed and
re-enacted, with amendments, to read as follows:
113-84. Temporary Loans. The Mayor and Council of
Rockville, whenever in its opinion it is necessary for carry-
ing out the municipal purposes of the [Town] City of
Rockville and the funds derived from the taxes for the
current year are not available for said purposes, shall have
the power to borrow from time to time upon the credit of
said Corporation (a) such sum or sums as in its opinion
may be necessary for such purposes, but the aggregate
amount of such sums so borrowed shall at no time exceed
[$10, 000. ] $30, 000. 00. In case money is so borrowed it
shall issue the promissory note or notes, or certificate or
certificates of indebtedness of said Corporation therefor,
to be executed by the Mayor and the Clerk of Rockville
under the seal of said Corporation thereto affixed as evi-
dence or evidences of indebtedness for said sum or sums
so borrowed; and to repay the sum or sums so borrowed
and interest thereon from time to time as funds shall be-
come available for that purpose from the funds of said
[Town] City.
SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.
Approved March 27, 1953.
CHAPTER 142
(House Bill 406)
AN ACT to repeal and re-enact, with amendments, Section
113-17 of the Montgomery County Code (1950 Edition),
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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.
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