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Session Laws, 1970
Volume 695, Page 716   View pdf image
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716                              Laws of Maryland                       Ch. 319

in conjunction with any amounts as the Commission may estimate
that it will be able to collect out of the benefit assessments therefor
levied by it but not yet paid and any further funds then available
for the purpose, to meet the interest on said bonds as it becomes
due and to pay the principal thereof as the bonds mature, and said
tax shall be determined, levied, collected and paid over in the manner
following, that is to say, at least ninety (90) days before July 1 of
each year, the County Commissioners shall certify to the Metropoli-
tan Commission the whole valuation of the assessable property
within each sanitary district. The Commission shall then determine
in the manner above prescribed the amount which it deems necessary
to be raised during the ensuing year for the payment of interest
and principal of all serial bonds maturing in said year, and after
deducting all amounts in hand or in contemplation applicable to pay-
ments of interest and principal on said bonds as hereinbefore and
hereinafter in the subtitle provided; it shall determine the number
of cents per $100.00 necessary to raise the said amount for each
such sanitary district and shall certify the same to the Board of
Commissioners at least sixty (60) days before July 1 of each year.
The said County Commissioners in their next annual levy shall levy
said tax on all land and improvements and all other property
assessed for county tax purposes within the respective sanitary
district, which tax shall be levied and collected and have the same
priority rights, bear the same interest and penalties and in every
respect be treated the same as county taxes. The tax so levied for
the ensuing year shall be collected by the tax collecting authorities
and every one hundred twenty (120) days they shall remit the whole
amount of the tax so collected to the Commission. [From the money
so collected to the Commission.] From the money so received, to-
gether with the amount in hand to the credit of said bond fund, the
Commission shall first pay all interest and principal on said bonds
as it becomes due, and shall then deposit the residue of said moneys
in some bank or banks in said County to the joint credit of the
County Commissioners and the Commission. The Commission is
authorized to pay the interest on any bonds it may issue out of the
proceeds of the sale of said bonds, but not more than [one] two
years interest may be expended. Nothing contained in this section
or in this subtitle shall be construed as in any manner relieving
the County Commissioners of St. Mary's County of its unconditional
pledge of its full [face] faith and credit and unlimited taxing power
to the payment of principal and interest on any bonds issued by
the Commission pursuant to Section 161 of this subtitle.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 22, 1970

CHAPTER 319
(Senate Bill 835)

AN ACT to repeal and re-enact, with amendments, Section 37 (r)
of Article 87 of the Annotated Code of Maryland (1969 Re-
placement Volume), title "Sheriffs," subtitle "Compensation and
Duties," to increase the salary of the Sheriff of St. Mary's County.

 

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Session Laws, 1970
Volume 695, Page 716   View pdf image
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