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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 55   View pdf image (33K)
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J. MILLARD TAWES, Governor 55

however, a rule of uniformity as to the base rate or percentage
of levy. The Treasurer of Anne Arundel County is hereby required
to collect the special assessment so levied, in the same manner as
State and County taxes are collected, and such special assessment
shall be included in the County tax bill, shall bear the same interest
and shall be subject to the same penalties in the event of non-pay-
ment, as in the case of other County taxes.

6A-11. For the purpose of providing funds for the payment
of principal and the interest on the bonds issued by the County
Commissioners under the terms and conditions of this Chapter
for the construction of storm water or surface water drainage
systems, the County Commissioners shall levy, against all assessable
property within the drainage area created by Section 6A-3 for
which said bonds have been issued, annually so long as any of
said bonds are outstanding and not paid, ad valorem taxes suffi-
cient in rate and amount to provide such sum as the County Com-
missioners may deem sufficient and necessary, in conjunction with
any amounts which the County Commissioners may estimate that
they will be able to collect out of the drainage system assessments
therefor levied by them but not yet paid and any further funds
then available for the purpose, to meet the interest on said bonds
as it becomes due and to pay the principal thereof as the bonds
mature. Such ad valorem taxes shall be levied and collected and
have the same priority rights, bear the same interest and penalties
and in every respect be treated the same as county taxes.

6A-12. The County Commissioners are hereby further authorized
and empowered, at any time and from time to time to issue bonds
in the manner hereinabove described for the purpose of refunding,
upon purchase or redemption, any bonds issued hereunder. The
validity of any such refunding bonds shall in no way be dependent
upon or related to the validity or invalidity of the obligations so
refunded. The powers herein granted with respect to the issuance
of bonds, and also the limitations herein on such powers shall be
applicable to the issuance of refunding bonds. Said refunding bonds
may be issued by the County Commissioners for the purpose of
providing funds to purchase in the open market any outstanding
bonds issued hereunder, prior to the maturity thereof, or for the
purpose of providing funds for the redemption prior to maturity
of any outstanding bonds issued hereunder which are, by their
terms, redeemable. The resolution authorizing the issue of any
such refunding bonds shall describe the issue or issues of bonds
so to be refunded, and no issue of such refunding bonds shall
exceed in amount the par amount of such bonds so described in
said resolution. No such refunding bonds shall actually be de-
livered to the purchaser or purchasers thereof more than six (6)
months in advance of redemption date or dates of bonds to be re-
deemed and refunded and the proceeds of the sale of any such
refunding bonds shall be segregated and set apart by the County
Commissioners as a separate trust fund to be used solely for the
purpose of paying the purchase or redemption prices of the bonds
to be refunded.

6A-13. In the issuance of any of the bonds authorized hereby,
the County Commissioners may, prior to the preparation of definitive



 

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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 55   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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