Montgomery County                               2693

The tax levied in this subsection (d) shall not apply to transfers
which are made pursuant to a bona fide written contract or agreement
entered into prior to July 1, 1969; provided that the director of finance
may require satisfactory proof that the contract or agreement was entered
into prior to such date. Any tax collected under this subsection (d), which
is based on the bona fide market value consideration of the property, shall
be collected only once on the transfer of the same parcel of land; provided
however, all subsequent transfers shall be taxable at the rates applicable
under subsections (a), (b) and (c) of Section 84-25. The director of
finance may from time to time issue written regulations pertaining to the
collection of the tax levied in this subsection.

Section 10. Severability.

The provisions of this Act are severable and if any provision, sentence,
clause, section or part thereof is held illegal, invalid or unconstitutional
or inapplicable to any person or circumstances, such illegality, invalidity
or unconstitutionally, or inapplicability shall not affect or impair any of
the remaining provisions, sentences, clauses, sections or parts of the Act
or their application to other persons or circumstances. It is hereby de-
clared to be the legislative intent that this Act would have been adopted if
such illegal, invalid or unconstitutional provision, sentence, clause, section
or part had not been included therein, and if the person or circumstances
to which the Act or any part thereof is inapplicable had been specifically
exempted therefrom.

Section 11. Effective date.

This Act shall take effect on December 7, 1970.

Certified correct as passed.

President
Secretary

Enacted December 9, 1969
Effective December 7, 1970
October Legislative Session 1969

Chapter 41
(Bill No. 44-69)

An Act to amend Chapter 2, title "Administration" of the
Montgomery County Code 1965, by repealing and re-enacting, with
amendments, Section 2-42, title "Bonds of officers and employees",
to provide that bonds furnished by county officers and employees shall
be approved by the county executive in such penalty and with such
surety as approved by the county executive.

Be It Enacted by the County Council for Montgomery County, Maryland,
that—

Section 1. Section 2-42, Chapter 2, title "Administration" of the
Montgomery County Code 1965, is hereby repealed and re-enacted, with
amendments, to read as follows: