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Session Laws, 1968
Volume 683, Page 1541   View pdf image
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SPIRO T. AGNEW, Governor                        1541

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

July 1, 1968.

SEC. 2. AND BE IT FURTHER ENACTED, THAT THIS ACT
IS HEREBY DECLARED TO BE AN EMERGENCY MEASURE
AND NECESSARY FOR THE IMMEDIATE PRESERVATION
OF THE PUBLIC HEALTH AND SAFETY, AND HAVING BEEN
PASSED BY A YEA AND NAY VOTE SUPPORTED BY THREE-
FIFTHS OF 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 753
(House Bill 1068)

AN ACT to authorize and empower the County Commissioners of
Charles County to borrow upon the faith and credit of said County
an amount not exceeding Two Million Five Hundred Thousand
Dollars ($2,500,000), and to issue bonds therefor, for the cost of
court house repairs, alterations and/or additions and providing
for the levy of taxes in Charles County for the payment of
principal and interest on such bonds AND DEPENDENT FOR ITS
EFFECT UPON CERTAIN CONTINGENCIES.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Charles County be and they are
hereby authorized and empowered to borrow at one time, or from
time to time, on the faith and credit of said County, a sum or sums
not exceeding in the aggregate Two Million Five Hundred Thousand
Dollars ($2,500,000) and to issue and sell bonds therefor, the pro-
ceeds thereof to be used for the cost of court house repairs, altera-
tions and/or additions in Charles County and to pay all expenses,
including advertising, printing, and legal fees, incurred in the
issuance and sale of any bonds hereunder, the said amount so
borrowed to be used for no other purpose whatsoever.

Sec. 2. And be it further enacted, That said County Commissioners
shall by proper resolution fix the maturity or maturities of any
such bonds, provided however, that no bonds so issued shall mature
later than twenty years from the date of their issue, and provided
further that any such bonds shall be issued on the serial maturity
plan; such resolution may fix the denomination or denominations in
which said bonds shall be issued, the interest rate or rates of said
bonds or the manner of determining the same, the manner and place
of payment, the date, place and terms of the sale of the bonds, and all
details not herein otherwise provided for with respect to the form,
issuance and sale thereof; said bonds shall be signed by the President
of the County Commissioners and by the Treasurer of Charles
County, and the seal of said County shall be affixed thereto. Said
bonds may be made registrable as to principal.

 

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Session Laws, 1968
Volume 683, Page 1541   View pdf image
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