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Session Laws, 1969
Volume 692, Page 701   View pdf image
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MARVIN MANDEL, Governor                          701

ments are provided in Section 507 of Public Law 90-495 as enacted
by the 90th Congress.

(b)  The additional payment provided to owner-occupied one and
two-family dwellings provided in Section 6A of this Article shall
also be paid to owner-occupied three-family dwellings.

(c)   The Commission is authorized to make the payments provided
by this AM
SECTION to all persons entitled to receive same whose
dwellings or property were taken on or after August 23,1968 and to
continue to make such payments as long as this AM
SECTION shall
remain in force and effect.

(d)   The Commission is authorized to make rules and regulations

to implement this Act SECTION and such rules and regulations shall
not be inconsistent with its rules and regulations under which relo-
cation assistance payments are made to persons whose property is
being taken for a Federal Aid highway project.

(e)   This Act SECTION shall remain in force and effect until July
1, 1970 and no payments provided herein shall be made after that
date unless the duration of this Act
SECTION is extended by law.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1969.

Approved April 23, 1969.

CHAPTER 243
(Senate Bill 795)

AN ACT to repeal and re-enact, with amendments, Section 2 of Chap-
ter 440 of the Acts of 1968, amending an authorization for the
County Commissioners of Garrett County to borrow money and
to issue bonds for the construction of a community college in order
to change the provisions therein concerning the rate or rates of
interest on the bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 2 of Chapter 440 of the Acts of 1968 be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

2.

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, [provided the rate or rates of interest shall not exceed five
per centum (5%) per annum,] 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

 

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