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Session Laws and Journals, 1969, December Special Session
Volume 694, Page 25   View pdf image (33K)
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Marvin Mandel, Governor                           25

where such a statement may be obtained and, finally, shall reserve
unto the County the right to reject any or all bids received. In lieu
of publishing said entire notice of sale, the County may, if it shall
so elect in said resolution, publish a brief summary of said notice
which need not contain all the information required for said notice
of sale but which shall state where interested parties may obtain a
complete copy thereof.

Sec. 2. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety and having been passed by a
yea and nay vote supported by three-fifths of all the members elected
to each of the two Houses of the General Assembly, the same shall
take effect from the date of its passage.

Approved by the Governor, December 18, 1969.

CHAPTER 8
(Senate Bill 6)

AN ACT to repeal and re-enact, with amendments, Section 3 of
Chapter 730 of the Acts of the General Assembly of 1968, amend-
ing the law which authorizes and empowers the County Commis-
sioners of Harford County to borrow a pertain sum of money in
order to finance the construction, acquisition and improvement
of a county governmental center comprising certain capital facil-
ities, buildings, and equipment either on the same or separate
sites or as a part of a governmental complex, in order to increase
the maximum rate of interest on these bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 3 of Chapter 730 of the Acts of the General Assembly
of 1968, be and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

3.

[s]Subject to the foregoing limitations, the County shall, before
borrowing any money or issuing any bonds pursuant to the authority
of this Act, adopt a resolution describing generally by classes the
public buildings for which said borrowing or indebtedness is in-
tended, the amount needed for said purposes, and determining to
borrow money or incur indebtedness for all or a part of the amount
so needed, and to issue its bonds to evidence such borrowing or in-
debtedness. Each series or group of said bonds shall be issued to
mature in annual serial installments, the last installment to mature
not later than thirty (30) years from the date of issue of said group
or series. In said resolution, said County shall fix the annual serial
maturity plan with respect to the bonds to be issued thereunder and
said annual serial maturities shall be so fixed as to conform to the
general financial plans of the County but need not be in equal par
amounts or in consecutive annual installments. Subject to the limita-
tions herein contained, said County shall have and is hereby granted
full and complete authority and discretion to fix and determine, in
said resolution, the form and tenor of any such bonds, the rate or rates

 

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Session Laws and Journals, 1969, December Special Session
Volume 694, Page 25   View pdf image (33K)
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