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Session Laws, 1968
Volume 683, Page 1057   View pdf image
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SPIRO T. AGNEW, Governor                      1057

of the Board of Public Works at a private sale upon the best terms
they can obtain for the same; provided, they shall not be sold at
private sale for less than par and accrued interest.

Sec. 4. And be it further enacted, That the sum of Five Thousand
Dollars ($5,000.00), or so much thereof as may be necessary, shall

be paid by the Treasurer of the State upon the warrant of the
Comptroller out of the proceeds of the sale of said bonds or Certifi-
cates of Indebtedness, for the payment of the expense of engraving,
printing and other outlays connected with the issue of the loan here
-
by authorized, and for the payment of the advertising directed by
this Act, and all other incidental expenses connected with the execu-
tion of its provisions in connection with said
loan.

SEC. 4. AND BE IT FURTHER ENACTED, THAT SO MUCH
THEREOF AS MAY BE NECESSARY, SHALL BE PAID BY
THE TREASURER OF THE STATE UPON THE WARRANT OF
THE COMPTROLLER OUT OF THE PROCEEDS OF THE SALE
OF SAID BONDS OR CERTIFICATES OF INDEBTEDNESS FOR
THE PAYMENT OF THE EXPENSE OF ENGRAVING, PRINT-
ING AND OTHER OUTLAYS CONNECTED WITH THE ISSUE
OF THE LOAN HEREBY AUTHORIZED, AND FOR THE PAY-
MENT OF THE ADVERTISING DIRECTED BY THIS ACT, AND
ALL OTHER INCIDENTAL EXPENSES CONNECTED WITH
THE EXECUTION OF ITS PROVISIONS IN CONNECTION
WITH SAID LOAN.

Sec. 5. And be it further enacted, That the actual proceeds of
the sale of the Certificates of Indebtedness to be issued under this
Act shall be paid to the Treasurer of the State upon the warrant of
the Comptroller and such proceeds shall be used exclusively for the
following purposes, to wit:

The Comptroller shall immediately upon the sale of and payment
for said certificates, first return to and credit the Treasury for a
sum equivalent to the amount expended as provided for in Section 4
of this Act; the remainder of the proceeds of said loan shall be cred-
ited on the books of the State Treasury Department to be expended
upon approval by the Board of Public Works to aid the County Com-
missioners of Carroll County in acquisition of land and any interests
therein and construction of an impoundment on the Piney Run tribu-
tary of the south branch of the Patapsco River to be located approxi-
mately one-half mile upstream from Springfield State Hospital near
Sykesville in Carroll County.

THE EXPENDITURE OF ANY OF THIS APPROPRIATION
FOR AIDING IN THE ACQUISITION OF LAND AND CON-
STRUCTION OF AN IMPOUNDMENT ON THE PINEY RUN
TRIBUTARY OF THE SOUTH BRANCH OF THE PATAPSCO
RIVER IN CARROLL COUNTY IS SUBJECT TO THE CONDI-
TION THAT ON OR BEFORE JULY 1, 1970, CARROLL COUNTY,
MARYLAND, SHALL PROVIDE OR HAVE AVAILABLE (FROM
COUNTY AND AVAILABLE FEDERAL FUNDS, OR EITHER
OF THEM) A SUM EQUIVALENT TO THE DIFFERENCE BE-
TWEEN THE PROCEEDS OF THE STATE BOND ISSUE
AUTHORIZED HEREIN AND THE ACTUAL PRICE OF ACQUI-
SITION OF LAND AND CONSTRUCTION OF AN IMPOUND-

 

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Session Laws, 1968
Volume 683, Page 1057   View pdf image
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