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Session Laws, 1959
Volume 642, Page 1354   View pdf image (33K)
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1354                            Laws of Maryland                      [Ch. 804

ASSEMBLY OF MARYLAND OF 1958, AS AMENDED BY CHAP-
TER 264 OF THE ACTS OF THE GENERAL ASSEMBLY OF
MARYLAND OF 1959, BE AND THE SAME IS HEREBY RE-
PEALED AND RE-ENACTED, WITH AMENDMENTS, TO READ
AS FOLLOWS:

5. THAT THE ACTUAL CASH PROCEEDS OF THE SALE OF
THE CERTIFICATES OF INDEBTEDNESS TO BE ISSUED
UNDER THIS ACT SHALL BE PAID TO THE TREASURER OF
THE STATE UPON THE WARRANT OF THE COMPTROLLER
AND SUCH PROCEEDS SHALL BE USED EXCLUSIVELY FOR
THE FOLLOWING PURPOSES, TO WIT:

THE COMPTROLLER SHALL IMMEDIATELY, UPON THE
SALE OF AND PAYMENT FOR SAID CERTIFICATES, FIRST,
RETURN TO AND CREDIT THE TREASURY FOR A SUM
EQUIVALENT TO THE AMOUNT EXPENDED AS PROVIDED
FOR IN SECTION 4 OF THIS ACT; THE REMAINDER OF THE
PROCEEDS OF SAID LOAN SHALL BE CREDITED ON THE
BOOKS OF THE STATE TREASURY DEPARTMENT, TO BE
EXPENDED AS NEEDED BY THE STATE, UPON APPROVAL
BY THE BOARD OF PUBLIC WORKS FOR THE FOLLOWING
NEEDS, PURPOSES AND PROJECTS, AND AMOUNTS LISTED
BELOW BEING INTENDED TO INCLUDE ARCHITECTS' AND
ENGINEERS' FEES WHERE APPLICABLE:

BOARD OF PUBLIC WORKS:

PLANTING AND REPLACEMENT OF WALKS

AROUND THE STATE HOUSE, ANNAPOLIS...... $            0

THE NEW MARSH WHOLESALE PRODUCE
MARKET AUTHORITY:

ORGANIZATION EXPENSE AND PAY-
MENT OF COSTS AND EXPENSES IN-
CURRED BY THE AUTHORITY IN
CARRYING OUT ITS CORPORATE PUR-
POSES, INCLUDING THE PREPARA-
TION OF PRELIMINARY PLANS AND
SPECIFICATIONS FOR THE CON-
STRUCTION OF A NEW PUBLIC
WHOLESALE PRODUCE MARKET,
PRIOR TO THE SALE OF BONDS OF
THE AUTHORITY, SAID SUM TO BE
REPAID TO THE STATE OF MARY-
LAND FROM FUNDS OBTAINED FROM
THE SALE OF THE FIRST ISSUE OF
BONDS OF THE AUTHORITY PRIOR TO
ANY OTHER PAYMENTS FROM SAID
FUNDS, AS PROVIDED BY CHAPTER
845 OF THE LAWS OF MARYLAND OF
1957; PROVIDED THAT SAID FUNDS,
AND THE EXPENDITURES OF SAID
FUNDS, SHALL NOT BE SUBJECT TO
THE PROVISIONS OF SECTIONS 7, 8
AND 10 OF THIS ACT................................$ 45,000

 

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Session Laws, 1959
Volume 642, Page 1354   View pdf image (33K)
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