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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 56   View pdf image (33K)
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56 LAWS OF MARYLAND [CH. 17

bonds or obligations, issue interim certificates or temporary bonds,
with or without coupons, exchangeable for definitive bonds when
such bonds or obligations have been executed and are available
for delivery, provided, however, that any such interim certificates
or temporary bonds shall be issued in all respects, subject to
the restrictions and requirements^ set forth herein. The County
Commissioners may, by appropriate resolution, provide for the
replacement of any bonds issued hereunder which shall have be-
come mutilated or be destroyed or lost upon such conditions and
after receiving such indemnity as the County Commissioners may
think it proper and necessary to stipulate and require.

6A-14. Any and all obligations issued pursuant to the authority
of this Chapter, 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 by any of its political sub-
divisions, or by any town or incorporated municipality or by any other
public agency within the State of Maryland.

6A-15. The County Commissioners are authorized to use the pro-
ceeds from the sale of any bonds sold pursuant to the authority of
this Chapter for the purpose of financing storm water or surface
water drainage system or systems within the Patapsco Drainage
Area to reimburse the general funds or surplus funds of Anne
Arundel County for any monies advanced from the latter funds in
order to finance the cost of planning and designing storm water or
surface water drainage systems within the Patapsco Drainage Area.

6A-16. The authority conferred on the County Commissioners
by this Chapter shall be deemed to provide an additional and al-
ternative authority for the doing of the things authorized hereby
and shall be regarded as supplemental and additional to powers con-
ferred upon the County Commissioners by other laws and shall not
be regarded as in derogation of any powers now existing; and all
Acts of the General Assembly of Maryland heretofore passed author-
izing the County Commissioners to borrow money are hereby con-
tinued to the extent that the powers contained in such acts have not
heretofore been exercised, and nothing herein contained shall be
construed to impair, in any way whatsoever, the validity of any
bonds which may have been issued by the County Commissioners
under the authority of any of said Acts.

SEC. 2. And be it further enacted, That this Act is hereby de-
clared to be an emergency law and necessary for the immediate

preservation of the public health and safety, and having been passed

by a yea and nay vote, supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved March 23, 1962.


 

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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 56   View pdf image (33K)
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