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Session Laws, 1968
Volume 683, Page 1080   View pdf image
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1080                            LAWS OF MARYLAND                       CH. 569

use the same to create a revolving design fund; and to repeal
Chapter 177 of the Laws of Maryland of 1966, which authorized
the Mayor and City Council of Baltimore to borrow Four Million
Dollars ($4,000,000) and to use the same for an incinerator or
reduction plant.

Whereas, the hereinafter mentioned chapters of the Laws of
Maryland authorized the Mayor and City Council of Baltimore to
borrow various amounts of money and to use the same for a variety
of purposes; and

Whereas, the Mayor and City Council of Baltimore has not exer-
cised any of the power or authority granted to it by the provisions
of said Acts; and

Whereas, it has been determined that it would not now be in the
best interests of the City to borrow the aforementioned amounts of
money; now, therefore,

Section 1. Be it enacted by the General Assembly of Maryland,
That Chapter 211 of the Laws of Maryland of 1961, Chapter 175 of
the Laws of Maryland of 1963, Chapter 93 of the Laws of Maryland
of 1966 and Chapter 177 of the Laws of Maryland of 1966 be and
they are hereby repealed.

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 the mem-
bers elected to each of the two Houses of the General Assembly of
Maryland, the same shall take effect from the date of its passage.

Approved May 7, 1968.

CHAPTER 569
(Senate Bill 454)

AN ACT to reduce the total amount of debt which the Mayor and
City Council of Baltimore is authorized to create under the terms
and provisions of Chapter 210 of the Laws of Maryland of 1961,
as amended by Chapter 10 of the Laws of Maryland of 1962
(Special Session), from the amount of Three Million Dollars
($3,000,000.00) to an amount not exceeding Two Million Six
Hundred Fifty Thousand Dollars ($2,650,000.00), and providing
that nothing in this Act shall change, alter, modify or release: (a)
Any of the terms and provisions of said Chapter 210, as amended,
except in the manner and to the extent set forth in this Act; (b)
Any of the obligations or liabilities which said municipality has
incurred or may incur under the terms and provisions of any Cer-
tificates of Indebtedness which said municipality has heretofore
issued and sold pursuant to said Chapter 210, as amended, and
certain ordinances; and (c) Any of the power and authority vested
in said municipality to hereafter issue and sell its Certificates of
Indebtedness in accordance with the terms and provisions of said
Chapter 210, as amended, and a certain ordinance.

 

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Session Laws, 1968
Volume 683, Page 1080   View pdf image
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