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Session Laws, 1969
Volume 692, Page 2088   View pdf image
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2008                              MUNICIPAL CHARTERS

Chapter 11
(Bill No. 3)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $11,710,000, upon
its full faith and credit for financing public school buildings, or
buildings for school purposes, and prescribing the terms and condi-
tions, by reference, upon which said bonds shall be issued and de-
livered and other incidental details with respect thereto, and pro-
viding for the application of the proceeds of such bonds and for the
levy of unlimited ad valorem taxes for the payment of the principal
and interest thereof.

BE IT ENACTED BY THE COUNTY COUNCIL FOR MONTGOMERY
COUNTY, MARYLAND, that—

Section 1. Montgomery County, Maryland, is hereby authorized, at any
time and from time to time, upon its full faith and credit to borrow
money and incur indebtedness in a total amount not exceeding $11,710,000
for financing the construction, reconstruction, improvement, extension,
alteration, repair, purchase, conversion and modernization of public
school buildings, or buildings for school purposes including the sites
therefor, the cost of acquiring any such buildings or sites, architectural
and engineering services, including preparation of plans, drawings and
specifications for such schools or the conversion of modernization thereof
and the development of grounds, and all customary permanent appurte-
nances and recreational and pedagogical equipment for such schools. The
proceeds from said bonds may be applied to the payment of the first six
months' interest on said bonds.

Section 2. Sections 2-111 through 2-119, inclusive, of the Montgomery
County Code 1965, as amended, and each and every part of such sections,
excepting therefrom only subsections (b), (c) and (d) of Sec. 2-111,
be and they are hereby incorporated in this Act, by reference, as a part
hereof, it being the intention of the County Council that said sections
shall be applicable in all respects to the borrowing of money, the issuance
of bonds, the application of the proceeds of such bonds, and the levy of
unlimited ad valorem taxes for the payment of the principal and interest
of the bonds authorized by this Act.

Section 3. The powers granted by this Act are additional and cumula-
tive and the bonds authorized by this Act may be issued, notwithstanding
that other bond acts or laws may provide for the issuance of other bonds
or the borrowing of money for the same or similar purposes on the same
or other terms and conditions.

Section 4. This Act shall take effect August 15, 1968.

Chapter 12
(Bill No. 4)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $15,480,000 upon its
full faith and credit for roads, streets, highways, curbs, sidewalks,
storm drainage, and all related construction pertinent thereto, and
prescribing the terms and conditions, by reference, upon which said