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Session Laws, 1957
Volume 640, Page 1177   View pdf image (33K)
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Theodore R. McKeldin, Governor                  1177

the interest on such bonds matures before the levy, or before a suf-
ficient amount of taxes levied for the purpose of paying said interest
is collected, the said Board of County Commissioners may pay said
interest out of the proceeds of the sale of said bonds.

Sec. 5. And be it further enacted, That the bonds issued under the
provisions of this section, their transfer and the income therefrom
(including any profit made on the sale thereof) shall at all times be
free from taxation by the State of Maryland or any of its political
subdivisions, or by any town or incorporated municipality or any
other public agency within the State.

Sec. 6. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved April 10, 1957.

CHAPTER 735

(House Bill 960)

AN ACT to add Section 10A to Article 78A of the Annotated Code
of Maryland (1951 Edition and 1956 Supplement), title "Public
Works", to follow immediately after Section 10 thereof, author-
izing and empowering the Board of Public Works in its discretion
to transfer real or personal property from one State agency in the
executive branch of the Government to another such agency, relat-
ing generally to the conditions for such transfer.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 10A be and it is hereby added to Article 78A of the
Annotated Code of Maryland (1951 Edition and 1956 Supplement),
title "Public Works", to follow immediately after Section 10 thereof,
and to read as follows:

10A. The Board of Public Works is authorized and empowered in
its discretion from time to time to transfer from one department,
board, bureau, commission or other agency of the executive branch
of the State Government to another department, board, bureau, com-
mission or other agency of the executive branch of the State Govern-
ment, any property, real and personal, and all rights of physical cus-
tody and control thereover, subject to the continuing general juris-
diction of the Board of Public Works,
PROVIDED, HOWEVER,
THE PROVISIONS OF THIS ACT SHALL NOT APPLY TO ANY
PROPERTY WHICH IS PLEDGED TO SECURE THE PAYMENT
OF PRINCIPAL OF OR INTEREST ON REVENUE BONDS OR
REAL PROPERTY OWNED OR CONTROLLED BY THE STATE
ROADS COMMISSION.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved April 10, 1957.

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, 1957
Volume 640, Page 1177   View pdf image (33K)
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