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Session Laws, 1971
Volume 707, Page 2297   View pdf image
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Montgomery County                                2297

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 (a), (b) and (d) of Section 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 bonds 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 20
(Bill No. 21-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in a principal amount not exceeding $3,750,000 upon its
full faith and credit, for parking lots for the Bethesda 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 $3,750,000
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 Bethesda Parking Lot District, as described in Title II, Chapter
44, Section 44-1, paragraph (b), entitled "Bethesda 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 $3,750,000.

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 expenses
of issuance of said bonds and any other incidental expenses. After or
simultaneously with the making of such determination and estimate, the
issuance of the bonds of such series may be authorized by resolution or

 

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Session Laws, 1971
Volume 707, Page 2297   View pdf image
 Jump to  
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