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Session Laws, 1963
Volume 671, Page 1451   View pdf image (33K)
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J. MILLARD TAWES, Governor                     1451

THOUSAND DOLLARS ($600,000) for the purpose of financ-
ing the construction and equipping of a County Health De-
partment Building and purchase of land therefor, to be located at
such place in the County as the Board of County Commissioners
may deem advisable and to effect such borrowing by the issuance
and sale to the highest bidder or bidders at public sale of its general
obligation, serial maturity coupon bonds in like par amount; em-
powering said County to fix and determine, by resolution, the form,
tenor, interest rate or method of arriving at the same, terms, in-
cluding redemption and registration provisions, conditions, maturi-
ties and all other details incident or necessary to the issuance,
public sale and delivery of said bonds, without reference to any
other law heretofore enacted; prescribing the method and manner
of selling said bonds at public sale; empowering said County, sub-
ject to certain limitations, to sell said bonds at, above or below
the par value thereof; empowering said County to refund any of
said bonds purchased or redeemed in advance of maturity; em-
powering and directing said County to apply to the payment of
principal and interest of said bonds and said refunding bonds any
funds received from the State of Maryland and the United States
of America, which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in addi-
tion to the State and Federal allotments, if any, will provide funds
sufficient for the payment of said maturing principal and interest;
exempting said bonds and said refunding bonds and the interest
thereon from all State, county and municipal taxation in the State
of Maryland; and providing that the power to incur indebtedness
and issue bonds therefor under the provisions of this Act is addi-
tional and alternative authority for borrowing money and shall be
regarded as supplemental and additional to powers conferred upon
the County by other laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That, the County Commissioners for Prince George's County, a body
politic and corporate of the State of Maryland (hereinafter referred
to as the "County"), is hereby authorized and empowered to borrow
money and incur indebtedness, from time to time, in an amount not
exceeding the sum of Four Hundred Thousand Dollars ($400,000)
SIX HUNDRED THOUSAND DOLLARS ($600,000) for the
purpose of financing the construction of a County Health Depart-
ment Building, to be located at such place in the County as
the Board of County Commissioners may deem advisable, and in
connection therewith to finance the acquisition and development of
sites therefor, the preparation of plans, drawings and specifications
therefor and the permanent equipment for any such structure.

Sec. 2. And be it further enacted, That, to evidence the borrowing
more specifically authorized in Section 1 of this Act, the County is
hereby authorized to issue and sell, upon its full faith and credit, its
serial maturity, general obligation coupon bonds in like par amount,
upon the terms and conditions hereinafter set forth. Such bonds
may be issued from time to time, in one or more groups or series,
as funds for the projects more specifically described in Section 1
of this Act, become necessary, provided, however, that the total debt
which may be incurred pursuant to the authority of this Act shall

 

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Session Laws, 1963
Volume 671, Page 1451   View pdf image (33K)
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