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Session Laws, 1962
Volume 651, Page 55   View pdf image (33K)
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J. MILLARD TAWES, Governor 55

(3) Any violation of the provisions of this sub-section: [(!)] shall
be sufficient cause, in the case of a member of said board or officer
of Patuxent Institution, for removal from office, and in the case of
any other employee of the Institution for his dismissal.

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

Approved March 23, 1962.

(Senate Bill 29)

AN ACT authorizing the creation of a State debt, in the aggregate
amount of one million, sixty-five thousand dollars ($1, 065, 000. 00),
for the purpose of aiding in the construction of a temporary boiler
house, a security fence and private dial system, a new boiler house,
and the renovation of the main building, together with related
demolition work, site work, construction of utility conduits, archi-
tects' fees and engineers' fees where applicable, at the Baltimore
City Jail, Baltimore, Maryland, and providing generally for the
issuance and sale of certificates of indebtedness evidencing such

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 "Baltimore City Jail Loan of
1962", in the aggregate amount of One Million, Sixty-Five Thousand
Dollars ($1, 065, 000. 00).

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 of the principal represented by any certificates for the first two
(2) years from the time of the issuance of said certificates.

The Board of Public Works shall, and is hereby authorized and
empowered to, pass a resolution or resolutions from time to time,
determining and setting forth:

(a) The proportion of the total loan authorized by this Act
which shall be issued at any particular time.

(b) The form of the certificate representing the loan or any part
thereof so authorized to be issued at any particular time, including
any interest coupons to be attached thereto, and provisions for the
issuance of certificates in registered form, provisions for the regis-
tration of any coupon certificates as to principal of loan and for the
reconversion into coupon certificates of any certificates registered as
to principal.


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Session Laws, 1962
Volume 651, Page 55   View pdf image (33K)
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