1956

1969, CHAPTER 731—Dorchester County School Bonds

State Administrative Board of Election Laws
Annapolis, Maryland

Pursuant to the provisions contained in Section 23-11 of Article
33 of the Annotated Code of Maryland, the State Administrative Board
of Election Laws does hereby certify that at the General Election held
in the State of Maryland on November 3, 1970, an Act known as
Chapter 731 of the Acts of 1969 was submitted to the voters of Dor-
chester County under the provisions of Chapter 731 of the Acts of
1969, said Act being as follows:

AN ACT to authorize and empower the County Commissioners of
Dorchester County, from time to time, to borrow not exceeding
Four Million Dollars ($4,000,000) in order to finance the con-
struction, acquisition, improvement or extension of public
schools in the County, as herein defined, and to effect such
borrowing by the issuance and sale to the highest bidder or
bidders at public sale of its general obligation, serial maturity,
coupon bonds in like par amount; empowering the County to fix
and determine, by resolution, the form, tenor, interest rates or
method of arriving at the same, terms, including redemption
and registration provisions, conditions, maturities and all other
details incident or necessary to the issuance, public sale and
delivery of the bonds, without reference to any other law here-
tofore enacted; prescribing the method and manner of selling
the bonds at public sale; empowering the County, subject to
certain limitations, to sell the bonds at, above or below the par
value thereof; empowering the County to refund any of the
bonds purchased or redeemed in advance of maturity; em-
powering the County to apply to the payment of principal and
interest of the bonds and refunding bonds any funds received
from the State of Maryland and the United States of America,
which may be properly allocable to said purpose; empowering
and directing the County to contract to levy and to levy, impose
and collect annually ad valorem taxes which, in addition to the
State and Federal allotments, if any, will provide funds suf-
ficient for the payment of said maturing principal and interest;
and exempting the bonds and refunding bonds and the interest
thereon and any income derived therefrom from all State,
county and municipal taxation in the State of Maryland; and
providing that the power to incur indebtedness and issue bonds
therefor under the provisions of this Act is additional and
alternative authority for borrowing money and shall be re-
garded as supplemental and additional to powers conferred
upon the County by other laws; AND SUBMITTING THE
EFFECTIVENESS OF THIS ACT TO A REFERENDUM.

AND it is hereby certified that at said election 2,262 votes were
cast for the adoption of said Chapter 731 and 3,132 votes were cast
against the adoption of said Chapter 731, the said Chapter 731 has
therefore failed of ratification.