2636 Municipal Charters
ditions, by reference, upon which said bonds shall be issued and
delivered and other incidental details with respect thereto, and pro-
viding 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, Maryland,
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 $17,400,000
for financing the construction, reconstruction, improvement, extension, al-
teration, repair, purchase, conversion and modernization of public school
buildings, or buildings for school purposes including the sites therefor,
the cost of acquiring any such buildings or sites, architectural and en-
gineering services, including preparation of plans, drawings and speci-
fications for such schools or the conversion or modernization thereof
and the development of grounds, and all customary permanent appur-
tenances and recreational and pedagogical equipment for such schools.
The proceeds from said bonds may be applied to the payment of the
first six months' interest on said bonds.
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 (b), (c) 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. This Act shall take effect on the 76th day following its
enactment.
Certified correct as passed.
President
Secretary
Enacted August 5, 1969
Effective October 20, 1969
July Legislative Session 1969
Chapter 17
(Bill No. 18-69)
An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $3,200,000 upon
its full faith and credit for financing public junior or community
|
![clear space](../../../images/clear.gif) |