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Session Laws, 1965
Volume 676, Page 1088   View pdf image (33K)
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1088                            LAWS OF MARYLAND                      [CH. 740

TO THE REQUIREMENTS OF SECTION 21 OF ARTICLE 78A
OF THIS CODE (1957 EDITION, AS AMENDED FROM TIME
TO TIME) REQUIRING APPROVAL OF PLANS AND SUPER-
VISION OF WORK ON PUBLIC IMPROVEMENTS BY THE
STATE PLANNING DEPARTMENT, DEPARTMENT OF PUB-
LIC IMPROVEMENTS AND BOARD OF PUBLIC WORKS.

165J.

(A)  The provisions of Sections 165A-165J, inclusive, of this sub-
title being necessary for the welfare of the State and its inhabitants,
shall be liberally construed to effect the purposes thereof.

(B)   THE PROVISIONS OF SECTIONS 165A-165J, INCLU-
SIVE, OF THIS SUB-TITLE ARE SEVERABLE, AND IF ANY OF
SUCH PROVISIONS SHALL BE HELD UNCONSTITUTIONAL
BY ANY COURT OF COMPETENT JURISDICTION, THE DECI-
SION OF SUCH COURT SHALL NOT AFFECT OR IMPAIR ANY
OF THE REMAINING PROVISIONS.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved May 4, 1965.

CHAPTER 740
(Senate Bill 587)

AN ACT to authorize the creation of a State Debt in the aggregate
amount of Ten Million Dollars ($10,000,000), the proceeds thereof
to be used exclusively for the purpose of supplementing the financ-
ing the construction of AND EQUIPMENT FOR area vocational
schools by each of the counties in this State and the Mayor and
City Council of Baltimore; the acquisition of such real estate or
interest in lands as may be necessary in connection therewith by
each of the counties and the Mayor and City Council of Baltimore;
and providing generally for the issue and sale of certificates of
indebtedness evidencing such loan.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed to
issue a State Loan to be known as the "Area Vocational School Con-
struction Loan of 1965", in the aggregate sum of Ten Million Dollars
($10,000,000).

The certificates evidencing said loan may be issued all at one time
or, in groups, from time to time, as hereinafter provided. All of said
certificates evidencing said loan, or any group thereof, are issued
according to what is known as the serial annuity plan so worked
out as to discharge the principal represented by said certificates
within fifteen (15) years from the time of its issue; provided, how-
ever, that it is not necessary to provide for the redemption of any
part of the principal represented by any certificates for the first two
(2) years from the time of the issuance of said certificates.

 

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Session Laws, 1965
Volume 676, Page 1088   View pdf image (33K)
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