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Session Laws, 1963
Volume 671, Page 338   View pdf image (33K)
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340                             LAWS OF MARYLAND                      [CH. 181

CHAPTER 181
(Senate Bill 278)

AN ACT to authorize and empower the County Commissioners of
Harford County, from time to time, to borrow not exceeding Six
Million Dollars ($6,000,000) in order to finance the construction,
acquisition, improvement or extension of public schools and Com-
munity Colleges 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 resolution, 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 reference 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; empower-
ing said County to refund any of said bonds purchased or re-
deemed 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 prop-
erly 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 al-
lotments, 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 pro-
viding that the power to incur indebtedness and issue bonds there-
for under the provisions of this Act is additional and alternative
authority for borrowing money and shall be regarded as supple-
mental 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 Harford County, and the term "Community Colleges"
shall mean those institutions of higher learning defined as Commu-
nity 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 construc-
tion, 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 Harford County, including sites therefor, the cost of acquiring
any such sites, architectural and engineering services, including prep-
aration of plans, drawings and specifications for such schools and
Community Colleges and the development of the grounds and land-
scaping thereof, and all customary permanent appurtenances and
recreational and pedagogical equipment for such schools and Com-
munity Colleges.

 

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Session Laws, 1963
Volume 671, Page 338   View pdf image (33K)
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