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Session Laws, 1962
Volume 651, Page 219   View pdf image (33K)
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J. MILLARD TAWES, Governor 219

division or any municipality within or without the State of Mary-
land, and with bureaus of identification, investigation, and intelli-
gence
maintained by other counties and states.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1962.

Approved March 23, 1962.

CHAPTER 66
(Senate Bill 134)

AN ACT to authorize the creation of a State debt in the aggregate
amount of seven hundred and fifty thousand dollars ($750, 000)
for the purpose of aiding in the construction of a new science
building on the campus of the College of Notre Dame of Maryland,
in Baltimore City, subject to the requirements that the said Col-
lege, on or before January 1, 1964, shall have obtained elsewhere
at least an equal and matching sum f or the same purposes; and
providing generally for the issue and sale of certificates of indebt-
edness evidencing this loan.

WHEREAS, The College of Notre Dame of Maryland, located in
Baltimore City, is an old and distinguished institution of higher
education, having contributed over many years to the education of the
youth of Maryland; and

WHEREAS, As a means of furthering its educational potential, the
College of Notre Dame of Maryland has begun a campaign to pro-
vide a new science building; and

WHEREAS, This building would add vitally to the facilities of the
College of Notre Dame of Maryland, and would enable it to render
even more valuable services than in the past to the young people of
Maryland; and

WHEREAS, Participation by the State of Maryland in this most
worthwhile venture would not only help in educating the young
people of Maryland, but also would relieve greatly crowded facilities
in the several State institutions of higher education; now, therefore,

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed
to issue a State loan to be known as the "College of Notre Dame of
Maryland Loan of 1962", in the aggregate sum of seven hundred
and fifty thousand dollars ($750, 000).

The certificates evidencing said loan may be issued all at one time
or, in groups, from time to time, as hereinafter provided. All of said
certificates evidencing said loan, or any group thereof, shall be issued
according to what is known as the serial annuity plan so worked out
as to discharge the principal represented by said certificates within
fifteen (15) years from the time of its issue; provided, however, that
it shall not be necessary to provide for the redemption of any part


 

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Session Laws, 1962
Volume 651, Page 219   View pdf image (33K)
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