Montgomery County                                  2601

December Legislative Session 1968

Chapter 2
(Bill No. 2-68)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $15,590,000 upon
its full faith and credit for site acquisition and public buildings,
and the necessary furnishings and fixed permanent equipment therefor,
prescribing the terms and conditions, by reference, upon which said
bonds shall be issued and delivered and other incidental details with
respect thereto, and providing 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, Mary-
land, that—

Section 1. MONTGOMERY COUNTY, MARYLAND, is hereby au-
thorized, 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 $15,590,000 for financing the construction, reconstruction, exten-
sion, acquisition, improvement, enlargement, alteration, repair and modern-
ization of any structures to house any of the functions of or for the
use of County government or administration, including the acquisition
and development of sites therefor, the architectural and engineering serv-
ices incident thereto and the acquisition and installation of necessary
furnishings and fixed permanent equipment therefor.

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 (a), (b) and (d) of Section 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 issu-
ance 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 cum-
ulative and the bonds authorized by this Act may be issued notwith-
standing 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 on the 76th day following its
enactment.

Certified correct as passed.

President
Secretary