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Session Laws, 1961
Volume 654, Page 89   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR                                 89

title "County Commissioners", sub-title "Erosion", clarifying and
correcting the provisions of the law concerning the issue of notes,
certificates of indebtedness, or bonds issued for the purpose of
certain works of erosion.

Whereas, In Chapter 41 of the Acts of 1959, the law was amended
concerning the issue of certificates of indebtedness for the payment
of works of erosion; and

Whereas, At that time a provision that such certificates of in-
debtedness shall be made payable within fifteen years of their issue
was amended to provide that the certificates of indebtedness shall
be made payable within thirty years after their issue; and

Whereas, In the Act of 1959 no change was made in Section 163
(c) thereof so that this section now should be changed in order that
the reference therein to fifteen years might be changed to thirty
years; now therefore

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 163 (c) of Article 25 of the Annotated Code of Maryland
(1957 Edition), title "County Commissioners", sub-title "Erosion",
be and it is hereby repealed and re-enacted, with amendments, to
read as follows:

163.

(c) Notes to mature serially; maximum term fifteen THIRTY
years.—The said notes, certificates of indebtedness or bonds shall be
issued so as to mature serially and at such times as said county com-
missioners shall determine but not exceeding [fifteen] thirty years
in any case.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved February 27, 1961.

CHAPTER 99
(House Bill 22)

AN ACT to repeal and re-enact, with amendments, Sections 40 (a)
and 40 (c) of Article 73B of the Annotated Code of Maryland
(1960 Supplement), title "Pensions", sub-title "Social Security
Benefits", correcting errors in the law relating to the contribution
fund for social security benefits for certain public employees.

Whereas, in Chapter 38 of the Acts of 1960, amendments were
made to Section 40 of Article 73B of the Code concerning the con-
tribution fund for social security benefits for certain public em-
ployees; and

Whereas, through inadvertency in the enactment of this Bill cer-
tain language which was intended to be deleted was left within the
wording; and

 

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Session Laws, 1961
Volume 654, Page 89   View pdf image (33K)
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