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Session Laws, 1971
Volume 707, Page 2264   View pdf image
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2264                               County Local Laws

Section 9. The powers granted by this Act are additional and cumula-
tive and the bonds authorized by this Act may be issued notwithstanding
that other laws may provide for the issuance of other bonds or the borrow-
ing of money for the same or similar purposes on the same or other terms
and conditions.

Section 10. The provisions of this Act are severable, and if any of its
provisions shall be held unconstitutional or invalid by any court of compe-
tent jurisdiction, the decision of such court shall not affect or impair any
of the remaining provisions. It is hereby declared to be the legislative
intent that this Act would have been adopted had such unconstitutional or
invalid provisions not been included herein.

Section 11. This Act shall take effect on the 76th day following its
enactment.

Chapter 4
(Bill No. 4-68)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in a principal amount not exceeding $1,750,000 upon its
full faith and credit, for parking lots for the Silver Spring Parking
Lot District, prescribing the terms and conditions 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 taxes for the payment of the principal
and interest thereof.

Be It Enacted by the County Council for Montgomery County, Mary-
land,
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 to incur indebtedness in a total amount not to exceed $1,750,000, for
the purpose of financing the construction and improvement of off-street
parking lots and facilities for the parking of automobiles and other
vehicles for the Silver Spring Parking Lot District, as described in Title
II, Chapter 44, Section 1, paragraph (a), entitled "Silver Spring Parking
Lot District" of the Montgomery County Code 1965, as now or hereafter
amended, or acquiring such parking lots and facilities or sites therefor,
and in evidence of such borrowing and indebtedness to issue its bonds at
one time or from time to time, in various series, in an aggregate principal
amount not to exceed $1,750,000.

Section 2. Before the issuance of any series of said bonds, the County
Council shall by resolution determine the amount or amounts estimated to
be needed to pay the cost or expense of constructing, improving and
acquiring off-street parking lots and facilities for such District and sites
therefor, including the cost of printing and delivering and other ex-
penses of issuance of said bonds and any other incidental expenses.
After or simultaneously with the making of such determination and esti-
mate, the issuance of the bonds of such series may be authorized by
resolution or resolutions of the County Council in a principal amount not
exceeding the amount or amounts so estimated. It shall not be necessary
that such resolution or resolutions shall designate the site or sites of such
off-street parking lots or facilities, it being the intent hereof that bonds
may be issued hereunder prior to the selection of any such site or sites.

 

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Session Laws, 1971
Volume 707, Page 2264   View pdf image
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