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Session Laws, 1966
Volume 678, Page 401   View pdf image (33K)
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J. MILLARD TAWES, Governor                       401

SEC. 2. And be it further enacted, That the aforegoing amend-
ment to the Constitution of the State of Maryland shall, at the
election to be held in November, 1966, be submitted to the legal
and qualified voters of the State for their adoption or rejection, in
pursuance of the directions contained in Article 14 of the Constitution
of the State of Maryland, and at the same general election the vote
on the said proposed amendment to the Constitution shall be by
ballot, and upon each ballot there shall be printed the words: "For
Constitutional Amendment and "Against Constitutional Amend-
ment," as now provided by law, and immediately after said election
due returns shall be made to the Governor of the vote for and
against the proposed amendment, as directed by said Fourteenth
Article of the Constitution, and further proceedings had in accord-
ance with said Article 14.

Approved April 14, 1966.

CHAPTER 186
(House Bill 465)

AN ACT to authorize the creation of a State debt, in the aggregate
amount of One hundred seventy-five THIRTY Thousand Dollars
($175,000.00) ($130,000.00), for the purpose of aiding in the con-
struction of jail facilities in Carroll County, and providing gen-
erally for the issuance and sale of certain certificates of indebted-
ness 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 "Carroll County Jail
Loan of 1966" in the aggregate amount of One hundred seventy
five
THIRTY Thousand Dollars ($175,000) ($130,000.00).

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, shall be 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 time of its issue; provided, however, that it
shall not be 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.

The Board of Public Works shall, and is hereby authorized and
empowered to pass a resolution or resolutions from time to time,
determining and setting forth:

(a)    The proportion of the total loan authorized by this Act
which shall be issued at any particular time;

(b)    The form of the certificate representing the loan or any
part thereof so authorized to be issued at any particular time, includ-
ing any interest coupons to be attached thereto, and provisions for
the issuance of certificates in registered form, provisions for the
registration of any coupon certificates as to principal of loan and for
the reconversion into coupon certificates of any certificates registered
as to principal.

 

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Session Laws, 1966
Volume 678, Page 401   View pdf image (33K)   << PREVIOUS  NEXT >>


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