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Session Laws, 1963
Volume 671, Page 1839   View pdf image (33K)
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J. MILLARD TAWES, Governor                       1839

to members who retired prior to July 1,1955 as well as to those who
retired on or after that date.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1963.

Approved May 6, 1963.

CHAPTER 832
(House Bill 757)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not exceed-
ing Two Million Dollars ($2,000,000) in order to finance the
construction, acquisition, improvement or extension of public roads
in said County, as herein defined, 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 resolu-
tion, the form, tenor, interest rate or method of arriving at the
same, terms, including redemption and registration provisions,
conditions, maturities and all other details incident or necessary to
the issuance, public sale and delivery of said bonds, without refer-
ence to any other law heretofore 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 refund
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 ad-
dition 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 tax-
ation 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 for Prince George's County, and the term "public roads"
shall include the construction, reconstruction, improvement, exten-
sion, acquisition, alteration, repair and modernization of the follow-
ing public roads in Prince George's County: , WHICH ROADS
SHALL BE CONSTRUCTED IN THE PRIORITY LISTED BELOW
INSOFAR AS IT IS PRACTICABLE:

Calvert Road—U.S. 1 to B.& O. Railroad; Allentown Road—Mary-

 

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Session Laws, 1963
Volume 671, Page 1839   View pdf image (33K)
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