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Session Laws, 1970
Volume 695, Page 2639   View pdf image
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Montgomery County                               2639

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, 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
$3,400,000 for financing the construction, reconstruction, extension, ac-
quisition, improvement, enlargement, alteration, repair and modernization
of any structures to house any of the functions of, or for the use of,
County government or administration, including the acquisition and de-
velopment of sites therefor, the architectural and engineering services
incident thereto and the acquisition and installation of necessary furnish-
ings 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 Sections 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 cumu-
lative 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 20
(Bill No. 21-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in a principal amount not exceeding $3,750,000 upon its

 

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Session Laws, 1970
Volume 695, Page 2639   View pdf image
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