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Session Laws 1956 (Special Session 1), House and Senate Journals
Volume 622, Page 50   View pdf image (33K)
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50                                Laws of Maryland                          [Ch. 9

for said bonds, and such bonds subsequently may be disposed of under
the direction of the County Commissioners of Dorchester County at
private sale, upon the best terms that can be obtained for the same;
provided that such bonds shall not be sold at private sale for less
than par and accrued interest. All payments of the purchase price of
said bonds shall be made to the County Treasurer of Dorchester
County.

Sec 6. And be it further enacted, That out of the actual cash
proceeds from the sale of any of said bonds or from said promissory
notes or certificates of indebtedness, shall be paid first the cost of
printing and other outlays and expenses and charges connected with
the issue of the same, and the entire balance of said actual cash
proceeds, together with any interest that may be received on the
same, shall be retained by the County Treasurer of Dorchester
County until needed to pay for the erection of new school buildings,
purchasing land for new school buildings, payment of architect's and
other professional fees in connection therewith, alteration or repair
of existing school buildings and equipping of school buildings in
Dorchester County.

Sec. 7. And be it further enacted, That the County Commissioners
of Dorchester County, for the purpose of redeeming said promissory
notes, certificates of indebtedness and/or bonds at their maturity,
and for the purpose of securing the prompt payment of interest
thereon, shall levy annually such tax on the assessable property of
Dorchester County as shall be necessary to pay the interest on any
such notes, certificates and/or bonds that may be issued and out-
standing hereunder, as the same shall become due and payable; and
also, in addition thereto, the said,County Commissioners shall levy
annually a tax upon the assessable property of said county sufficient
to pay and retire all of said bonds as they shall mature; and the said
County Commissioners hereby are empowered to utilize for the pay-
ment of any such interest or principal any part or all of any State
Incentive Building Funds which may be allocated to said Dorchester
County.

Sec. 8. And be it further enacted, That this Act shall be deemed
to provide an additional and alternative method for the doing of
things authorized and shall be regarded as supplemental and addi-
tional to powers conferred by other laws, and shall not be regarded as
in derogation of any powers now existing. This Act, being necessary
for the welfare of the inhabitants of Dorchester County, shall be
liberally construed to effect the purposes hereof. All Acts and parts,
of Acts, however inconsistent with the provisions of this Act, are
hereby repealed to the extent of such inconsistency.

Sec. 9. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate pres-
ervation 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 March 26, 1956.

 

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Session Laws 1956 (Special Session 1), House and Senate Journals
Volume 622, Page 50   View pdf image (33K)
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