Montgomery County                               2607

January Legislative Session 1969

Chapter 5
(Bill No. 1-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $10,000,000, upon
its full faith and credit for financing the acquisition and development
of public park and public recreational facilities, and 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 authorized, 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 $10,000,000,
for financing the acquisition and development of public park and public
recreational facilities, including the cost of the construction and equipping
of all public parks, community centers and recreational buildings, and the
cost of acquiring any sites and facilities necessary therefor and the
development thereof, engineering and other services incident thereto, and
the acquisition, installation and maintenance of all customary permanent
appurtenances and recreational equipment.

Section 2. Sec. 2-111 through Sec. 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 Sec. 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 issuance
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. Before borrowing any money or issuing any bonds pur-
suant to this authority, the County Council shall adopt, in addition to
or as a part of any other resolutions required by Sections 2-111 through
2-119 of the Montgomery County Code 1965, as amended, a resolution
prescribing the terms and conditions on which the proceeds of the bonds
authorized hereunder shall be disbursed.

Section 5. This Act shall take effect on the 76th day following
its enactment.

January Legislative Session 1969

Chapter 6
(Bill No. 2-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $850,000 upon its