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Session Laws, 1970
Volume 695, Page 1627   View pdf image
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Marvin Mandel, Governor                        1627

sary to the issuance, sale and delivery of said bonds, without
reference to any other law heretofore enacted; prescribing the
method and manner of selling said bonds; empowering said County
to sell said bonds at, above or below the par value thereof; em-
powering said County to refund any of said bonds purchased or
redeemed in advance of maturity; empowering said County to
apply to the payment of principal and interest of said bonds and
said refunding bonds any funds received from the State of Mary-
land and the United States of America, which may be properly
allocable to said purpose; empowering said County to disburse
said borrowed funds, or any portion thereof, to any board, agency,
department or other public body which is empowered to con-
struct, operate or maintain the type of project or projects herein
defined in St. Mary's County; empowering and directing said
County to contract to levy and to levy, impose and collect an-
nually ad valorem taxes which, in addition to the State and
Federal allotments, if any, will provide funds sufficient for the
payment of said maturing principal and interest; exempting said
bonds and said refunding bonds and the interest thereon from
all State, county and municipal taxation in the State of Mary-
land; and providing that the power to incur indebtedness and
issue bonds therefor under the provisions of this Act is addi-
tional and alternative authority for borrowing money and shall
be regarded as supplemental and additional to powers conferred
upon the County by other laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body
politic and corporate of the State of Maryland known as the County
Commissioners of St. Mary's County, and the term "flood preven-
tion and watershed projects" shall include the construction, recon-
struction, improvement, extension, alteration, repair and moderniza-
tion of (i) facilities for the storage and conveyance of water for
irrigation and drainage purposes, (ii) facilities for the storage or
development treatment and distribution of water, (iii) agricultural
water management measures, (iv) land treatment measures used
primarily for flood prevention, (v) water storage facilities, (vi)
public recreational developments and facilities included in any water-
shed project, (vii) water resource improvements, and (viii) fish
and wildlife development, including the sites therefor, (which shall
include both fee simple title to land as well as perpetual easements),
the cost of acquiring any such sites, the cost of constructing any
roads, parking lots, sanitary facilities and beach areas in connection
with the foregoing, architectural and engineering services including
preparation of plans, drawings and specifications for such flood
prevention and watershed projects and development of grounds
and landscaping thereof.

SEC. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the construction of flood pre-
vention and watershed projects, as defined in Section 1 of this Act,
and, in order to make such financing possible, said County is hereby
granted the power and authority to borrow money and incur in-
debtedness for such purpose, from time to time, in an amount not
exceeding the sum of Two Hundred Fifty Thousand Dollars
($250,000.00) and to evidence such borrowing by the issuance and
sale upon its full faith and credit of its general obligation bonds

 

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Session Laws, 1970
Volume 695, Page 1627   View pdf image
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