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Session Laws, 1957
Volume 640, Page 371   View pdf image (33K)
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Theodore R. McKeldin, Governor                    371

shall be borrowed by the sale of bonds that said bonds shall be desig-
nated "Public School Bonds of Talbot County", and shall be of such
denomination or denominations, callable or non-callable, and of such
type, or form, and of such period of maturity as the said County Com-
missioners of Talbot County may deem advisable, and said bonds
shall be signed by the President of said County Commissioners of
Talbot County and the Treasurer of said County and have the cor-
porate seal of said Talbot County affixed thereto, and the principal
amount of said bonds and the interest payable thereon shall be and
remain exempt from taxation by the State of Maryland and by the
Counties and Municipalities of said State; provided further that if
any such bonds shall be sold, the provisions of Article 31, Sections 33
and 34 of the Annotated Code of Maryland (1951 Edition, as amended
from time to time) shall be complied with.

Sec. 2. And be it further enacted, That the proceeds of such notes
and/or the proceeds from the sale of such bonds shall be placed in
a special fund by the County Treasurer and shall be paid out by him
only on warrants from the County Commissioners of Talbot County
for such expenditures as it shall deem proper, in the sole discretion of
said Board, to purchase land and erect thereon new school buildings,
to purchase new equipment for newly constructed school buildings
and to pay architectural and other professional fees in connection
with such construction.

Sec. 3. And be it further enacted, That for the purpose of paying
the interest on said notes and/or bonds and for redeeming said notes
and/or bonds as they mature, the County Commissioners of Talbot
County shall annually levy such tax upon the assessable property of
said County as may be necessary to pay the annual interest on said
notes and/or bonds and to redeem said notes and/or bonds as they
become due until all of said notes and/or bonds shall have matured
and been redeemed. The taxes so levied shall be collected in the
same manner as other taxes are levied and collected in said County.

Sec. 4. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved March 18, 1957.

CHAPTER 289
(House Bill 595)

AN ACT to repeal Section 219 of Article 18 of the Code of Public
Local Laws of Maryland (1930 Edition), title "Queen Anne's
County", sub-title "Court House Square", and to enact a new Sec-
ton 219 in lieu thereof, to stand in the place and stead of the
section so repealed, relating to the use of Court House Square in
Centreville, Queen Anne's County.

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 371   View pdf image (33K)
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