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Session Laws, 1966
Volume 678, Page 332   View pdf image (33K)
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332                             LAWS OF MARYLAND                      [CH. 142

($100.00) or any suitable multiple thereof, and the place or places
of payment of principal and interest thereof.

(d)   The rate AND RATES of interest of the certificates to be
issued at any particular time not exceeding in any case 4% per
annum, payable semi-annually.

(e)  The date of the certificates issued at any particular time,
and within the limits prescribed by Article II, Section 34 of the
Constitution of Maryland the redemption dates of said certificates.

The resolution authorizing the issuance of said loan or any portion
thereof shall set forth in detail the dates when any of the certificates
representing said loan or any portion thereof are to be redeemed
and the amount to be redeemed upon such dates, respectively, ac-
cording to the serial annuity plan applied to said loan as a whole
or to the group of certificates evidencing a part of said loan issued
at a particular time, as the case may be. Said loan and certificates
and every part thereof and the interest, payable thereon, shall be
and remain exempt from State, County and municipal taxation.

2.

That the Board of Public Works is hereby authorized and directed
to have prepared proper Certificates of Indebtedness of the State
in good and sufficient form to aggregate the amount of [One Hundred
Thousand Dollars ($100,000)] Two Hundred Thousand Dollars
($200,000.00),
as evidence of such loan; such Certificates of Indebted-
ness shall bear date as of the time of their issue as provided in
Section 1 of this Act. Each of said certificates shall be signed and
countersigned in the manner prescribed by Section 3 of Article VI
of the Maryland Constitution.

Sec. 2. And be it further enacted. That this Act shall take effect
June 1, 1966.
THAT THIS ACT IS HEREBY DECLARED TO BE
AN EMERGENCY MEASURE AND NECESSARY FOR THE
IMMEDIATE PRESERVATION OF THE PUBLIC HEALTH AND
SAFETY AND HAVING BEEN PASSED BY A YEA AND NAY
VOTE SUPPORTED BY THREE-FIFTHS OF ALL THE MEM-
BERS ELECTED TO EACH OF THE TWO HOUSES OF THE
GENERAL ASSEMBLY, THE SAME SHALL TAKE EFFECT
FROM THE DATE OF ITS PASSAGE.

Approved April 14, 1966.

CHAPTER 142
(Senate Bill 144)

AN ACT to repeal and re-enact, with amendments, Sections 9 (b),
and (d), 28, 32 (a) and (c), 33 (a) and (b), 38 (a), 41 (a) and
(b), 56 (a), (b) and (c), 71, 73 (A) AND (b), 99 and 105 (a) of
Article 33 of the Annotated Code of Maryland (1957 Edition and
1965 Supplement), title "Elections", subtitles respectively "Super-
visors of Elections and Employees", "Registration by Judges Act-
ing as Boards of Registry", "Correction and Revision of Registra-

 

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Session Laws, 1966
Volume 678, Page 332   View pdf image (33K)   << PREVIOUS  NEXT >>


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