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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 126   View pdf image (33K)
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126 JOURNAL OF PROCEEDINGS [March 9

Baltimore and the Commissioners of Finance thereof relative to the
certificates of indebtedness which may be issued by said municipality
in connection with such borrowed funds, under and pursuant to the
terms and provisions of the aforementioned Acts of the General As-
sembly of Maryland. "

Which was read the first time and referred to the Committee on Rules.

House Bill No. 7—By The Prince George's County Delegation:

A Bill entitled "An Act to authorize and empower the County Com-
missioners for Prince George's County, from time to time, to borrow
not exceeding Fifteen Million Dollars ($15, 000, 000) in order to finance
the construction, acquisition, improvement or extension of public schools
in said County, as herein defined, and to effect such borrowing by the
issuance and sale to the highest bidder or bidders! at public sale of its
general obligation, serial maturity coupon bonds in like par amount;
empowering said County to fix and determine, by resolution, the form,
tenor, interest rate or method of arriving at the same, terms, including
redemption and registration provisions, conditions, maturities and all
other details incident or necessary to the issuance, public sale and
delivery of said bonds, without reference to any other law heretofore
enacted; prescribing the method and manner of selling said bonds at
public sale; empowering said County, subject to certain limitations,
to sell bonds at, above or below the par value thereof; empowering said
County to refund any of said bonds purchased or redeemed in advance
of maturity; empowering and directing said County to apply to the
payment of principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland and the United
States of America, which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to levy,
impose and collect annually ad valorem taxes which, in addition to
the State and Federal allotments, if any, will provide funds sufficient
for the payment of said maturing principal and interest; exempting
said bonds and staid refunding bonds and the interest thereon from all
State, county and municipal taxation in the State of Maryland; and
providing that the power to incur indebtedness and issue bonds therefor
under the provisions of Chapter 634 of the Acts of the General As-
sembly of Maryland of 1959 and Chapter 893 of the Acts of the General
Assembly of Maryland of 1961 shall be continued. "

Which was read the first time and referred to the Committee on Rules.

House Bill No. 8—By Mr. Mandel:

A Bill entitled "An Act to authorize the Mayor and City Council
of Baltimore to create a debt, and to issue and sell its certificates of
indebtedness as evidence thereof, to an amount not exceeding Two
Million Four Hundred Thousand Dollars ($2, 400, 000. 00), the proceeds
derived from the sale of the certificates of indebtedness to be used
for the acquisition, by purchase or any other legal means, of land or
property, or any rights therein, in the City of Baltimore, and for
establishing, constructing, reconstructing, erecting, furnishing and equip-
ping thereon, or on any other land or property which may be available
for the purpose, a new hospital building or structure and new hospital
facilities, and any and all appurtenances thereto which may be needed
or desirable, to replace the hospital located in Baltimore City known


 

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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 126   View pdf image (33K)
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