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Session Laws, 1971
Volume 707, Page 2303   View pdf image
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Montgomery County                                   2303

Chapter 24
(Bill No. 25-69)

An Act authorizing the issuance of bonds of Montgomery County,
Maryland, in the principal amount not exceeding $340,000 upon its
full faith and credit for the construction of a fire engine house within
the Rockville Fire Area as the boundaries are defined by Chapter 39,
Montgomery County Code 1965, prescribing the terms and conditions,
by reference, upon which said bonds shall be issued and delivered and
other incidental details with respect thereto; providing for the levy
of unlimited ad valorem taxes for the payment of the principal and
interest thereof, and providing that the principal and interest may
be paid primarily from proceeds of the fire area tax levied under the
provisions of the said Chapter 39, with such other terms and conditions
as the County Council may determine by resolution.

Be It Enacted by the County Council for Montgomery County,
Maryland,
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 $340,000 for
financing the construction of a fire engine house within the boundaries of
the Rockville Fire Area as defined by Chapter 39, Montgomery County
Code 1965, for the use of the Rockville Volunteer Fire Department, Inc., or
its successor, including the development of the site therefor, the architec-
tural and engineering services incident thereto and the acquisition and
installation of necessary permanent furnishings, fixed permanent equip-
ment and fire fighting equipment therefor. 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 of the Montgomery County
Code 1965 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 inten-
tion 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 cumula-
tive 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. Before borrowing any money or issuing any bonds pur-
suant to this authority, the County Council shall adopt, in addition to or
as a part of any other resolutions required by Sections 2-111 through 2-119
of the Montgomery County Code 1965, a resolution prescribing the terms
and conditions on which the proceeds of the bonds authorized hereunder
shall be made available for use by the Rockville Volunteer Fire Depart-
ment, Inc., or its successor. The Council may provide by such resolution
that, in addition to the fact that the bonds authorized hereunder are an
irrevocable pledge of the full faith and credit of the entire County, the

 

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Session Laws, 1971
Volume 707, Page 2303   View pdf image
 Jump to  
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