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Session Laws, 1969
Volume 692, Page 1978   View pdf image
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1978                              MUNICIPAL CHARTERS

Whereas, said body corporate is subject to Article XI-E of the Consti-
tution of Maryland by virtue of Section 6 thereof; and

Whereas, the Director of the Department of Fiscal Services, (for-
merly the Fiscal Research Bureau), has certified that (a) said body cor-
porate has failed for at least three successive years to file with the State
Fiscal Research Bureau a comprehensive statement of financial condition
as required by Article 40, Section 61, of the Annotated Code of Maryland
(1965 Replacement Volume) as enacted by Chapter 456 of the Acts of 1968
(formerly Article 41, Section 149, of said Code), (b) that there is reason-
able cause to suppose that the said body corporate is no longer operating
as such under its charter, and (c) that the State Auditor has certified that
the said body corporate has no obligations or debts outstanding and unpaid;

NOW, THEREFORE, By virtue of the authority vested in me by
Article 23A, Section 43, of the Annotated Code of Maryland, (1957 edition
and 1965 Replacement Volume), I, C. STANLEY BLAIR, SECRETARY
OF STATE, do hereby proclaim and declare that the charter of said body
corporate, including all local laws of the General Assembly relating to the
incorporation, organization, government, or affairs concerning adminis-
tration and services, and all amendments and additions thereto, is repealed
upon and after the first day of September, 1968.

GIVEN Under My Hand and

Seal at Annapolis, this 21st

Day of August, 1968.

/s/ C. Stanley Blair

Secretary of State

RIVERDALE

Prince George's County

Resolution of June 6, 1968

By Resolution, dated June 6, 1968, the Mayor and Common Council
of the Town of Riverdale, Maryland, amended Article 63, Section 19, of
the Charter of the Town of Riverdale, to read as follows:

"(4) To authorize the borrowing upon the faith and credit of the
Mayor and Common Council of Riverdale, for the purpose of meeting any
unexpected contingency, building purpose or for the common good, a sum
not to exceed one (1) per centum of the assessed valuation of the real
estate of the Town of Riverdale, and issue therefor, as evidence thereof,
bonds or promissory notes upon such terms and conditions as the Mayor
and Common Council of Riverdale may designate, interest on such bonds
or promissory notes not to exceed the current prevailing legal interest
rate, the proceeds of which shall be deposited by the Treasurer to the credit
of the Town and expended as appropriated by order of the Mayor and
Common Council of Riverdale. Provided, however, that the Mayor and
Common Council of Riverdale, shall allocate out of anticipated revenues
sufficient funds for the retirement of such obligations, and provided fur-
ther, that the total of such borrowings for unexpected contingencies, build-
ing purposes or the common good, shall at no time exceed one (1) per
centum of the assessed valuation of the real estate of the Town of River-
dale."