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Session Laws, 1970
Volume 695, Page 2638   View pdf image
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2638                               Municipal Charters

its full faith and credit for roads, streets, highways, curbs, sidewalks,
storm drainage, and all related construction pertinent thereto, 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, 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 $7,200,000
for financing the construction, improvement, repair, opening, relocation,
grading, resurfacing, widening, extension and drainage of all public roads,
streets, highways and sidewalks in the County now or hereafter main-
tained and operated by or under the jurisdiction of the County, including
the acquisition of necessary rights-of-way, the acquisition of equipment
for highway construction, maintenance and repair and planning and en-
gineering services; the planning, design, construction and reconstruction
of free bridges constituting parts of such roads, streets or highways;
the planning, construction, repair and permanent improvement of any storm
water drainage system necessary in the County.

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), (c) 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 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 19
(Bill No. 20-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $3,400,000 upon

 

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Session Laws, 1970
Volume 695, Page 2638   View pdf image
 Jump to  
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