Marvin Mandel, Governor                         1879

19-26.

THE PAYMENT OF INTEREST ON, AND PRINCIPAL OF
ANY BONDS ISSUED PURSUANT TO THIS SUBTITLE, SHALL
BE PROVIDED FROM THE FUNDS RECEIVED FROM THE
LEVY AND COLLECTION OF THE BENEFIT ASSESSMENTS
AND THE IMPOSITION OF CONNECTION, SERVICE AND
OTHER CHARGES AS HEREINBEFORE IN THIS SUBTITLE
PROVIDED IN SECTIONS 19-18 THROUGH 19-20, INCLUSIVE,
HEREOF. TO THE EXTENT THAT SUCH FUNDS FROM ALL
SUCH SOURCES ARE INSUFFICIENT TO PAY THE PRINCI-
PAL OR INTEREST ON ANY BONDS ISSUED UNDER THIS
SUBTITLE, THE COUNTY COMMISSIONERS OF CECIL
COUNTY IN EACH AND EVERY FISCAL YEAR IN WHICH
SUCH BONDS ARE OUTSTANDING SHALL LEVY AND COL-
LECT AD VALOREM TAXES UPON ALL ASSESSABLE PROP-
ERTY WITHIN THE CORPORATE LIMITS OF CECIL COUNTY
IN RATE AND AMOUNT SUFFICIENT TO PROVIDE FOR
SUCH PAYMENTS WHEN DUE, AND IN THE EVENT THE
PROCEEDS FROM THE TAXES SO LEVIED IN ANY FISCAL
YEAR ARE INADEQUATE FOR THE ABOVE PURPOSES, THE
COUNTY COMMISSIONERS OF CECIL COUNTY SHALL LEVY
ADDITIONAL TAXES IN THE SUCCEEDING FISCAL YEAR
TO MAKE UP ANY DEFICIENCY. THE COUNTY TREASURER
IS HEREBY REQUIRED TO COLLECT THE TAX SO LEVIED,
IN THE SAME MANNER AS STATE AND COUNTY TAXES
ARE COLLECTED, AND SUCH TAX SHALL BEAR THE SAME
INTEREST AND BE SUBJECT TO THE SAME PENALTIES IN
THE EVENT OF NONPAYMENT, AS IN THE CASE OF OTHER
COUNTY TAXES,.

19-36. Combination bidding on two or more simultaneous issues.

19-27.

Whenever the county shall issue bonds under this subtitle
together with any other issue of bonds for any public purpose, the
county may, in its discretion, consolidate the bonds issued here-
under with the issue or issues of bonds for any other public pur-
pose. If such bonds issued BOND ISSUES are consolidated for sale,
the county may require that bids for such consolidated issues of
bonds be submitted on an all or none basis. The provisions of this
section shall apply to all county loans now or hereafter authorized
notwithstanding any provisions contained in any act or acts ex-
pressly authorizing such loans, and all provisions of such act or acts,
to the extent of their inconsistency with the provisions of this section,
are hereby repealed.

19-37. Short term borrowing in anticipation of issuance.

The county is authorized and empowered to borrow on the credit

of the county such sum or sums of money, from time to time, as

the county may deem necessary; provided, that such loans in the

aggregate shall not at any one time exceed two hundred fifty thous-

sand dollars for the use of the sanitary district in Cecil County,

and to repay such loans out of the moneys derived from subsequent

sanitary district bond issues.