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Session Laws, 1963
Volume 671, Page 1687   View pdf image (33K)
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J. MILLARD TAWES, Governor                     1687

Ten Million Dollars ($10,000,000) in order to finance the con-
struction, acquisition, improvement or extension of public schools
and Community Colleges in said County, as herein denned, 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; empowering said
County to fix and determine, by resolution, the form, tenor, interest
rate or method of arriving at the same, terms, including redemp-
tion and registration provisions, conditions, maturities and all
other details incident or necessary to the issuance, public sale and
delivery of said bonds, without reference to any other law hereto-
fore enacted; prescribing the method and manner of selling said
bonds at public sale; empowering said County, subject to certain
limitations, to sell said bonds at, above or below the par value
thereof; empowering said County to refunds any of said bonds
purchased or redeemed in advance of maturity; empowering 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 addition 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 additional 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, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners of Anne Arundel County, and the term "Community Col-
leges" shall mean those institutions of higher learning defined as
Community Colleges by Section 301 of Article 77 of the Annotated
Code of Maryland (1957 Edition) as amended from time to time.
The term "public schools and Community Colleges" shall include the
construction, reconstruction, improvement, extension, acquisition,
alteration, repair and modernization of public school or Community
College buildings or of buildings for school or Community College
purposes in Anne Arundel County, including sites therefor, the cost
of acquiring any such sites, architectural and engineering services,
including preparation of plans, drawings and specifications for such
schools and Community Colleges and the development of the grounds
and landscaping thereof, and all customary permanent appurtenances
and recreational and pedagogical equipment for such schools and
Community Colleges.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools and Community Colleges, as defined in Section 1 of this Act,
for the use of the Board of Education of Anne Arundel County and,

 

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Session Laws, 1963
Volume 671, Page 1687   View pdf image (33K)
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