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Session Laws, 1967
Volume 681, Page 1614   View pdf image (33K)
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1614                           LAWS OF MARYLAND                      [CH. 737

Said payments for the aforesaid purposes, and for no other purposes,
shall be made from time to time by the County Treasurer to the
Board of Education of Cecil County upon the order of the County
Commissioners of Cecil County. Said County Commissioners shall
not issue any such order except upon written notification from said
Board of Education that in its best judgment and discretion an
expenditure for any of the aforesaid purposes is necessary, such
notification setting forth the approximate amount of each expendi-
ture and the specific use to be made of it, said Board of Education
shall receive and expend the money so paid to it only for the pur-
poses authorized by Section 1 hereof, and said Board shall account
for said money so paid to it and the expenditures thereof in the
same manner as it accounts for other moneys passing through
its hands.

Sec. 5. And be it further enacted, That for the purpose of pay-
ing the maturing principal of and interest on any bonds issued
pursuant to the authority of this Act, and for the purpose of re-
deeming said bonds prior to their respective maturities, the County
Commissioners of Cecil County shall levy annually upon all prop-
erty within the corporate limits of said County, assessable for un-
limited taxation, ad valorem taxes in rate and amount sufficient to
provide for said purposes. In the event any such issue of bonds
are sold as term bonds, payable all at one time, said County Com-
missioners of Cecil County shall, by the resolution authorizing said
bonds, establish a sinking fund in the custody and control of the
County Treasurer, and thereafter said County shall annually levy
the ad valorem taxes above prescribed in rate and amount sufficient
to pay the interest on said bonds, due in each year, and sufficient to
pay into such sinking fund annual deposits which, together with
any earnings of such sinking funds or increments thereon, will be
sufficient to provide for the payment in full of the principal of said
term bonds at maturity. In addition, the County Commissioners of
Cecil County is hereby authorized and empowered to utilize for the
payment of any such principal and interest any part not previously-
pledged of any moneys received by the Board of Education of Cecil
County from the State of Maryland under the provisions of Section
222 of Article 77 of the Annotated Code of Maryland (1957 Edi-
tion), providing for an incentive fund for school construction, as
such section may be amended from time to time.

Sec. 6. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the immedi-
ate preservation of the public health and safety and having been
passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two houses of the General Assembly,
the same shall take effect from the date of its passage.

Approved May 4, 1967.

CHAPTER 737
(House Bill 634)

AN ACT to add new subsection 314(e) to Article 66 of the
Annotated Code of Maryland (1966 Supplement), title "Motor
Vehicles," subtitle "Operation of Vehicles Upon Highways," to

 

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Session Laws, 1967
Volume 681, Page 1614   View pdf image (33K)
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