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Session Laws, 1965
Volume 676, Page 721   View pdf image (33K)
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J. MILLARD TAWES, Governor                      721

open-pit mining who has previously forfeited any bond posted pur-
suant to stripping activities or who has failed to pay royalties or
wages due during such activities. During the stripping operation
under any such permit the operator shall backfill so that the total
area of land affected does not exceed the acreage for which bond
has been provided, and upon failure to comply, the Director of the
Bureau of Mines shall stop further removal of overburden until the
area affected has been reduced to the acreage for which bond has
been provided. No additional permit shall be issued to any operator
until he shall comply with the provisions of this section. Liability
under such bond shall be for the duration of open-pit mining at each
operation, and for a period of one year thereafter, unless released
prior thereto in a manner elsewhere provided by this sub-heading.
Such bond shall be signed by the operator and a corporate surety
licensed to do business in the State; provided, however, that the
operator may elect to deposit cash or United States government
securities with the Department in lieu of the surety bond herein-
after required. The cash deposit or par value of such securities shall
be equal to the sum required for a bond and shall be upon the same
terms and conditions. The Director of the Bureau of Mines, herein-
after called the "Director", shall, upon receipt of any such deposit
of cash or securities, immediately place the same with the State
Treasurer, whose duty it shall be to receive and hold the same in
the name of the State, in trust, for the purposes for which such
deposit is made. The State Treasurer shall at all times be respon-
sible for the custody and safekeeping of such deposits. The operator
making the deposit shall be entitled from time to time to demand
and receive from the State Treasurer, on the written order of the
secretary, the whole or any portion of any securities so deposited
upon depositing with him, in lieu thereof, other United States gov-
ernment securities of a par value at least equal to the sum required
for a bond as aforesaid, and also to demand, receive and recover the
interest and income from said securities as the same become due
and payable; provided, however, that where securities deposited as
aforesaid, mature or are called, the State Treasurer, at the request
of the operator, shall convert such securities into other acceptable
securities designated by the operator. Contemporaneous with, and
as a condition precedent to, the filing of said certificate and any
renewal thereof, the operator shall pay to the Department a filing
fee of fifty dollars ($50.00).

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

Approved April 8, 1965.

CHAPTER 515
(Senate Bill 436)

AN ACT to add new Section 206A to the Code of Public Local Laws
of Howard County (1957 Edition, being Article 14 of the Code of
Public Local Laws of Maryland), title "Howard County", sub-
title "Taxes", sub-heading "Recordation Tax", to follow immedi-

 

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Session Laws, 1965
Volume 676, Page 721   View pdf image (33K)
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