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Session Laws, 1967
Volume 681, Page 627   View pdf image (33K)
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SPIRO T. AGNEW, Governor                         627

(7) Notwithstanding any other provision of this Section, a person
shall be entitled to enter or remain upon any portion of the premises
of the holder of a license granted under this Article regardless of age,
provided that there is operated thereon a bona fide bowling alley and
that such bowling alley is then in use.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved April 14, 1967.

CHAPTER 278
(House Bill 722)

AN ACT to repeal and re-enact, with amendments, Section 2 of
Chapter 38 of the Laws of 1966, to increase the interest rate
ceiling on the Cecil County Union Hospital bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 2 of Chapter 38 of the Laws of 1966, be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

Sec. 2. And be it further enacted, That subject to the limitations
herein contained, the bonds hereby authorized shall be dated, shall
bear interest at such rate or rates, shall mature at such time or times
not exceeding twenty (20) years from their date or dates, as may be
determined by the County Commissioners of Cecil County, and may
be made redeemable before maturity, at the option of the County
Commissioners, at such price or prices and under such terms and
conditions as may be fixed by the County Commissioners prior to the
issuance of said bonds. In the event any such bonds shall be issued
to mature and be payable on the serial maturity plan, then the
schedule of maturities of said issue of bonds shall be so arranged
that one-twentieth (1/20) of the principal amount thereof shall mature
and be retired in each consecutive year accounting from the date of
issue thereof. The interest to be borne by the bonds of any such issue
shall be limited to such rate or rates as will produce an average
interest cost on said bonds to the County of not exceeding [four]
five per centum [(4%)] (5%) per annum. The County shall deter-
mine the form and the manner of execution of any of said bonds,
including any interest coupons to be attached thereto, and shall fix
the denomination or denominations of the bonds and the place or
places of payment of principal or interest, which may be at any bank
or trust company within or without the State. The County Com-
missioners is hereby empowered to provide that the County seal
to be affixed to said bonds may be imprinted thereon in facsimile, and
that all signatures and counter-signatures on said bonds and the
coupons attached thereto may likewise be in facsimile except that at
least one of said signatures on each bond shall be manually affixed.
In case any official whose signature or facsimile of whose signature
shall appear on any such bonds or coupons shall cease to be such
official before the delivery of such bonds, or shall become such an
official between the date of issue and date of delivery thereof, such

 

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Session Laws, 1967
Volume 681, Page 627   View pdf image (33K)
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