J. MILLARD TAWES, GOVERNOR                            273

ing Article 14 of the Code of Public Local Laws of Maryland),
title "Howard County", sub-title "County Commissioners and
County Collectors", amending the local laws of Howard County
with respect to the power of the County Commissioners during the
years 1961 and 1962 to borrow monies for current operations or
capital improvements, or both, and making further provision for
the repayment of any such monies borrowed.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 41 of the Code of Public Local Laws of Howard Coun-
ty (1957 Edition, being Article 14 of the Code of Public Local Laws
of Maryland), title "Howard County", sub-title "County Commis-
sioners and County Collectors", be and it is hereby repealed and re-
enacted, with amendments, to read as follows:

41.

It shall be unlawful from and after the 1st day of July, 1927, for
the County Commissioners of Howard County to make, or issue, any
promissory notes, script, certificates of indebtedness or certificates
that money will be levied for any particular purpose or for the use
of any person. Any County Commissioner of Howard County sign-
ing any such promissory note, script, certificate of indebtedness or
certificate that money will be levied for any particular purpose or for
the use of any person, shall be guilty of a misdemeanor and, on con-
viction thereof, shall pay a fine of not less than Two Hundred Fifty
Dollars ($250.00) or more than One Thousand Dollars ($1,000.00),
in the discretion of the Court, and the costs of the prosecution. Pro-
vided however, that nothing in this section contained shall prevent
the County Commissioners of Howard County from issuing bonds on
the faith and credit of said County when the issuance of the same
has been expressly authorized by the General Assembly of Maryland.
And further provided that, the County Commissioners of Howard
County shall have the power to borrow for current operations or
capital improvements, or both, during the calendar [year 1953 an]
years 1961 and 1962 a total amount not in excess of [Seventy-five
Thousand Dollars ($75,000.00)] Three Hundred Thousand Dollars
($800,000.00), which shall bear interest at such rate as shall be
agreed upon giving tax anticipation notes for such borrowings. The
interest paid and received upon any tax anticipation notes shall not
be taxable in any form by the State of Maryland or by any political
subdivision thereof. [These] The principal on these notes must be
paid in a minimum amount of $60,000.00 per year. However, these
notes may be paid in any larger amounts in the discretion of the
County Commissioners of Howard County and the notes must be
finally paid within the [two] five budget years next succeeding the
year in which the notes were issued.

Sec. 2. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety, and having been passed by a
yea and nay vote, supported by three-fifths of all members elected to
each of the two houses of the General Assembly of Maryland, the
same shall take effect from the date of its passage.

Approved March 28, 1961.