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Session Laws, 1971
Volume 707, Page 2294   View pdf image
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2294                                County Local Laws

its full faith and credit for financing public school buildings, or
buildings for school purposes, and prescribing the terms and con-
ditions, by reference, upon which said bonds shall be issued and
delivered and other incidental details with respect thereto, and pro-
viding 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, 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 incur indebtedness in a total amount not exceeding $17,400,000
for financing the construction, reconstruction, improvement, extension,
alteration, repair, purchase, conversion and modernization of public school
buildings, or buildings for school purposes including the sites therefor,
the cost of acquiring any such buildings or sites, architectural and en-
gineering services, including preparation of plans, drawings and specifi-
cations for such schools or the conversion or modernization thereof and
the development of grounds, and all customary permanent appurtenances
and recreational and pedagogical equipment for such schools. The proceeds
from said bonds may be applied to the payment of the first six months'
interest on said bonds.

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 (b), (c) and (d) of Sec. 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, notwithstanding
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.

Chapter 17
(Bill No. 18-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $3,200,000 upon its
full faith and credit for financing public junior or community college
buildings, or buildings for public junior or community college pur-
poses, and 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.

 

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Session Laws, 1971
Volume 707, Page 2294   View pdf image
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