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Session Laws, 1970
Volume 695, Page 1631   View pdf image
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Marvin Mandel, Governor                        1631

made in the sale thereof) shall be and are hereby declared to be
at all times exempt from taxation of every kind and nature what-
soever by the State of Maryland or by any of its political sub-
divisions, or by any town or incorporated municipality or by any
other public agency within the State of Maryland.

Sec. 9. And be it further enacted, That the authority to bor-
row money and issue bonds conferred on the County by this Act
shall be deemed to provide an additional and alternative authority
for borrowing money and shall be regarded as supplemental and
additional to powers conferred upon the County by other laws
and shall not be regarded as in derogation of any power now
existing; and all Acts of the General Assembly of Maryland hereto-
fore passed authorizing the County to borrow money are hereby
continued to the extent that the powers contained in such Acts
have not heretofore been exercised, and nothing herein contained
shall be construed to impair, in any way whatsoever, the validity
of any bonds which may have been issued by the County under
the authority of any of said Acts, and the validity of said bonds is
hereby ratified, confirmed and approved. This Act, being necessary
for the welfare of the inhabitants of St. Mary's County, shall be
liberally construed to effect the purposes hereof. All Acts and parts
of Acts inconsistent with the provisions of this Act are hereby
repealed to the extent of such inconsistency.

Sec. 10. And be it further enacted, That this Act shall take
effect on the first day of June, 1970.

Approved May 5, 1970

CHAPTER 560
(Senate Bill 529)

AN ACT TO REPEAL CHAPTER 619 OF THE ACTS OF THE
GENERAL ASSEMBLY OF MARYLAND OF 1969 WHICH
AUTHORIZED AND EMPOWERED THE COUNTY COMMIS-
SIONERS OF ST. MARY'S COUNTY TO BORROW A CERTAIN
SUM OF MONEY FOR THE PURPOSE OF ERECTING NEW
SCHOOL BUILDINGS AND FOR RELATED PURPOSES AND
to authorize and empower the County Commissioners of St.
Mary's County to borrow, upon the faith and credit of the County,
a sum or sums of money not to exceed in the aggregate the
sum of four million five hundred thousand dollars ($4,500,000),
and to evidence such borrowing by the issuance and sale of the
general obligation bonds of the County in such form and bearing
such rate or rates of interest as said County Commissioners may
by resolution determine; to provide that proceeds of the sale of
any such bonds shall be used exclusively for the purpose of
erecting new school buildings, including land for such buildings
and for facilities appurtenant thereto, the payment of architects'
and other professional fees in connection therewith, the alteration
or repair of existing school buildings and the equipping of school
buildings, all in St. Mary's County; to authorize and direct the
County Commissioners of St. Mary's County to provide for the

 

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Session Laws, 1970
Volume 695, Page 1631   View pdf image
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