Theodore R. McKeldin, Governor 51
CHAPTER 10
(House Bill 4)
AN ACT to authorize the Board of County Commissioners of Prince
George's County to issue bonds in the amount of not more than
Two Million Five Hundred Thousand Dollars ($2,500,000.00) for
the purpose of constructing and equipping an addition or addi-
tions to the Prince George's General Hospital to include health
and welfare facilities, said addition or additions to be built on
the present hospital grounds in Cheverly, Prince George's County,
Maryland.
Whereas, The Prince George's General Hospital was enlarged
by additional construction within the past five years in order to
provide additional bed space and facilities needed by the Hospital
to meet the growing public demand for hospital space in Prince
George's County, which additional construction was sufficient to
satisfy the public demand; and
Whereas, Beginning in June of 1955, an unexpected situation
of capacity operation of the Hospital arose, which continued through
the summer months, ordinarily the time of least demand for hos-
pital facilities and has existed to the present date, the Hospital now
operating at greater than its maximum capacity; and
Whereas, In view of this unforeseen occurrence, which can be
expected to grow more acute with the steady rise in the population
of the county, the County Commissioners and the Prince George's
County Medical Society feel that it will be detrimental to the needs
of Prince George's County to postpone further an authorization for
the badly needed additional bed space and facilities for the Hospital,
therefore
Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of County Commissioners of Prince George's County
is authorized and empowered to issue bonds on the faith and credit
of Prince George's County not to exceed Two Million Five Hundred
Thousand Dollars ($2,500,000.00), which said bonds shall have semi-
annual interest coupons attached and shall be issued according to
what is known as the serial annuity plan. The Board of County
Commissioners shall fix the date of issue, determine the denomina-
tion of not less than One Hundred Dollars ($100.00) nor more than
One Thousand Dollars ($1,000.00), fix the amount to be paid each
year, provided that no bond shall mature more than twenty-five (25)
years from the date of issue; and fix the rate of interest to be paid
on said bonds or designate how the rate of interest may be deter-
mined when said bonds are offered for sale, provided said interest
rate shall not exceed five per cent (5%) per annum.
SEC. 2. And be it further enacted, That the Board of County
Commissioners is empowered to sell bonds or any part thereof auth-
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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