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Session Laws, 1968
Volume 683, Page 59   View pdf image
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SPIRO T. AGNEW, Governor                         59

ceiling on interest rates to govern the County Commissioners of
Charles County in fixing such rate or rates of interest of bonds
issued for the construction of a community college in Charles
County.

Section 1. Be it enacted by the General Assembly of Maryland,
That Chapter 279, Section 2, of the Acts 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repealed and re-enacted, with amendments to read as follows: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 said County Commis-
sioners 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 de-
nominations in which said bonds shall be issued, the interest rate
or rates of said bonds or the manner of determining the same, pro-
vided the rate or rates of interest shall not exceed [four] five per
centum [(4%)] (5%) per annum, the manner and place of pay-
ment, 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 Presi-
dent 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.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved March 22, 1968.

CHAPTER 62
(House Bill 616)

AN ACT to repeal and re-enact, with amendments, Sections 18 (a) (2)
and 18 (c) of Article 57 of the Annotated Code of Maryland (1964
Replacement Volume and 1967 Supplement), title "Limitations of
Actions," to include Calvert County among the counties enumer-
ated in this section who require notice within certain periods of
time for actions to be maintained against such counties and to
specify within what period of time such notice must be filed upon
Calvert County.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 18 (a) (2) and 18 (c) of Article 57 of the Annotated
Code of Maryland (1964 Replacement Volume and 1967 Supplement),
title "Limitations of Actions," be and they are hereby repealed and
re-enacted, with amendments, to read as follows:

18.

(a) (2) The provisions of this subsection shall be applicable
within Anne Arundel, Calvert, Caroline, Cecil, Charles, Frederick,

 

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Session Laws, 1968
Volume 683, Page 59   View pdf image
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