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Session Laws, 1969
Volume 692, Page 1591   View pdf image
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MARVIN MANUEL, Governor                       1591

bonds of the County so to be refunded, and no issue of such refunding
bonds shall exceed in amount the par amount of such bonds so
described in said resolution. No such refunding bonds shall actually
be delivered to the purchaser, or purchasers thereof more than six (6)
months in advance of redemption date or dates of bonds to be re-
deemed and refunded and the proceeds of the sale of any such
refunding bonds shall be segregated and set apart by the County as
a separate trust fund to be used solely for the purpose of paying
the purchase or redemption prices of the bonds to be refunded.

Sec. 7. And be it further enacted, That, in the issuance of any
of the bonds authorized hereby, the County may, prior to the
preparation of definitive bonds or obligations, issue interim certifi-
cates or temporary bonds, with or without coupons, exchangeable
for definitive bonds when such bonds or obligations have been exe-
cuted and are available for delivery, provided, however, that any
such interim certificates or temporary bonds shall be issued in all
respects subject to the restrictions and requirements set forth
herein. The County may by appropriate resolution, provide for the
replacement of any bonds issued hereunder which shall have be-
come mutilated or be destroyed or lost upon such conditions and
after receiving such indemnity as the County may think it proper
and necessary to stipulate and require.

Sec. 8. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the
holders thereof from time to time, shall be and is hereby declared
to be exempt from State, county and municipal taxation of every
kind and nature whatsoever in the State of Maryland.

Sec. 9. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 719
(House Bill 1034)

AN ACT to repeal and re-enact, with amendments, Section 24(b) of
Article 101 of the Annotated Code of Maryland (1964 Replace-
ment Volume and 1968 Supplement), title "Workmen's Compen-
sation," subtitle "Application of Article; Extra-Hazardous Em-
ployment," to provide for the manner in which compensation shall
be paid in cases of total disability or death from silicosis,
asbestosis, or other pulmonary dust disease.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 24(b) of Article 101 of the Annotated Code of Mary-
land (1964 Replacement Volume and 1968 Supplement), title
"Workmen's Compensation," subtitle "Application of Article;
Extra-Hazardous Employment," be and it is hereby repealed and
re-enacted, with amendments, to read as follows:

 

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