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Session Laws, 1967
Volume 681, Page 29   View pdf image (33K)
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SPIRO T. AGNEW, Governor                         29

CHAPTER 17
(Senate Bill 198)

AN ACT to authorize and empower the County Commissioners of
Harford County, from time to time, to borrow not exceeding Six
Million Dollars ($6,000,000) in order to finance the construction,
acquisition, improvement or extension of public schools in said
County, as herein defined, and to effect such borrowing by the
issuance and sale to the highest bidder or bidders at public sale
of its general obligation, serial maturity coupon bonds in like
par amount; empowering said County to fix and determine, by
resolution, the form, tenor, interest rates or method of arriving
at the same, terms, including redemption and registration pro-
visions, conditions, maturities and all other details incident or
necessary to the issuance, public sale and delivery of said bonds,
without reference to any other law heretofore enacted; prescribing
the method and manner of selling said bonds at public sale; em-
powering said County, subject to certain limitations, to sell said
bonds at, above or below the par value thereof; empowering said
County to refund any of said bonds purchased or redeemed in
advance of maturity; empowering and directing said County to
apply to the payment of principal and interest of said bonds and
said refunding bonds any funds received from the State of Mary-
land and the United States of America, which may be properly
allocable to said purpose; empowering and directing said County
to contract to levy and to levy, impose and collect annually ad
valorem taxes which, in addition to the State and Federal allot-
ments, if any, will provide funds sufficient for the payment of
said maturing principal and interest; exempting said bonds and
said refunding bonds and the interest thereon from all State,
county and municipal taxation in the State of Maryland; and pro-
viding that the power to incur indebtedness and issue bonds there-
for under the provisions of this Act is additional and alternative
authority for borrowing money and shall be regarded as supple-
mental and additional to powers conferred upon the County by
other laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners of Harford County, and the term "public schools" shall
include the construction, reconstruction, improvement, extension,
acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Harford County, in-
cluding sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development
of the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board
of Education of Harford County, and, in order to make such financ-
ing possible, said County is hereby granted the power and authority

 

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Session Laws, 1967
Volume 681, Page 29   View pdf image (33K)
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