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Session Laws, 1968
Volume 683, Page 1013   View pdf image
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SPIRO T. AGNEW, Governor                      1013

to the Board by law for the purpose of acquiring by purchase or
condemnation with the funds provided therefor several parcels of
property located near the City of Annapolis on the easterly side
of Roscoe Rowe Boulevard and the southerly side of Taylor Avenue
which are to be used for governmental purposes.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the imme-
diate 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 7, 1968.

CHAPTER 545
(Senate Bill 360)

AN ACT to authorize and empower the County Commissioners of
Harford County, from time to time, to borrow not exceeding Seven
Million Dollars ($7,000,000) 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 bonds and to COUPON
BONDS IN LIKE PAR AMOUNT; EMPOWERING SAID
COUNTY TO FIX AND determine, by resolution, the form, tenor,
interest rate RATES or method of arriving at the same, terms,
including redemption and registration provisions, conditions,
maturities and all other details incident or necessary to the issu-
ance, 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; empowering 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 providing that the power to incur indebtedness
and issue bonds therefor under the provisions of this Act is addi-
tional and alternative authority for borrowing money and shall be
regarded as supplemental 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

 

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Session Laws, 1968
Volume 683, Page 1013   View pdf image
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