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Session Laws, 1958
Volume 619, Page 33   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR                         33

is hereby repealed and re-enacted, with amendments, to read as
follows:

SECTION 2.

That the Governor, Comptroller of the Treasury and the Treas-
urer of the State, constituting the Board of Public Works, or a
majority of them, are hereby authorized and directed to have pre-
pared proper Certificates of Indebtedness of the State in good and
sufficient form to aggregate the amount of Twenty Million Dollars
($20,000,000), as evidence of such loan; such Certificates of In-
debtedness shall bear date as of the time of their issue as provided
in Section 1 of this Act. Each of said Certificates shall be signed
[by the Treasurer of the State and countersigned by the Comp-
troller of the Treasury] and countersigned in the manner prescribed
by Section 3 of Article VI of the Maryland Constitution.

Sec 2. And be it further enacted, That this Act is hereby de-
clared 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, supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved February 28, 1958.

CHAPTER 8
(House Bill 53)

AN ACT to add a new Section 16A to Article 73B of the Annotated
Code of Maryland (1957 Edition), title "Pensions", sub-title "In
General", to follow immediately after Section 16 thereof, relating
to the payments or contributions made to the Employees' Retire-
ment System or to the general funds of the State for the use of
the Retirement System by or on behalf of certain departments,
boards, bureaus, commissions or other agencies of the State
government.

Whereas, The Activities of certain departments of State govern-
ment are supported in whole or in part by funds other than General
Funds; and

Whereas, It has been the intention and policy of the State that
funds other than General Funds bear their proper proportion of all
the operating costs of such agencies; and

Whereas, For certain departments the use of an incorrect calcula-
tion has shifted a part of the cost of employee retirement to the
General Funds of the State; now, therefore,

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, 1958
Volume 619, Page 33   View pdf image (33K)
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