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Session Laws, 1953
Volume 606, Page 880   View pdf image (33K)
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880 LAWS OF MARYLAND [CH. 464

The said loan and every part thereof and every note, cer-
tificate of indebtedness, bond, coupon or other evidence
thereof, and the interest payable thereon shall be and
remain exempt from State, County and Municipal taxation.

SEC. 3. And be it further enacted, That the proceeds
derived from said loan shall be placed in a special fund
by the Town Treasurer, and shall be paid out by him only
on warrants from the Commissioners of Aberdeen, which
warrants shall be issued only upon proper vouchers pre-
sented for the installation of sewerage and water pipe
lines.

SEC. 4. And be it further enacted, That for the purpose
of paying the interest on said notes, certificates of indebt-
edness, and/or bonds and for redeeming said notes, certifi-
cates of indebtedness and/or bonds as they mature, the
'Commissioners of Aberdeen shall annually levy a special
tax upon the assessable property of said town, in the
areas improved by said installation of sewerage and water
pipe lines, sufficient to pay the annual interest on said
notes, certificates of indebtedness and/or bonds and to
redeem said notes, certificates of indebtedness and/or
bonds as they become due and until all of said notes, cer-
tificates of indebtedness and/or bonds shall mature and
be redeemed. The taxes so levied shall be collected in the
same manner as other taxes are levied and collected in
said town.

SEC. 5. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved April 11, 1953.


CHAPTER 464
(Senate Bill 560)

AN ACT to repeal Section 100 (Prince George's County)
of Article 52 of the Annotated Code of Maryland (1951
Edition), title "Justices of the Peace", sub-title "Trial

——————

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
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