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Session Laws, 1972
Volume 708, Page 2362   View pdf image
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2362                               Municipal Charters

of Maryland and Section 13 of Article 23A of the Annotated Code of
Maryland (1966 Replacement Volume, as amended), title "Corpora-
tions—Municipal," subtitle "Home Rule," to amend the Charter of
The Mayor and Common Council of Westminster (being Sections 737
to 807, inclusive, as amended, of the Code of Public Local Laws of
Carroll County [1965 Edition, as amended, being Article 7 of the Code
of Public Local Laws of Maryland]) by adding a new Section 750A
thereto providing The Mayor and Common Council of Westminster
with the power and authority to borrow money and incur indebted-
ness for any public purpose and to evidence such borrowing or in-
debtedness by the issuance of its Bond Anticipation Notes or General
Obligation Bonds, said notes or bonds to be issued under the provi-
sions of Article 23A of the Annotated Code of Maryland (1966 Replace-
ment Volume, as amended); providing, that ordinances authorizing
borrowing under Section 750A shall not be subject to referendum but
shall become effective upon final passage; providing authority to levy,
impose and collect capital contribution charges, connection charges
(including area connection charges), ready to serve charges, service
charges, charges for upkeep, front foot benefit assessments and other
charges and impositions in connection with projects being financed;
providing that provision may be made by ordinance for the private
sale of such bonds and notes; providing that the principal of and
interest on such bonds and notes may be paid from revenues derived
from the particular project or improvement for which the bonds or
notes were issued, to the extent practicable; and, notwithstanding
the provisions of any other law, pledging the full faith and credit
and unlimited taxing power of The Mayor and Common Council of
Westminster to the prompt payment of the maturing principal of and
interest on such bonds and notes.

Section 1. BE IT RESOLVED by The Mayor and Common Council
of Westminster that the Charter of said municipal corporation be and
the same is hereby amended by adding a new Section 750A to said Charter
to read as follows:

750A. In addition to any other borrowing power which The Mayor
and Common Council of Westminster may presently have, from whatever
source derived, and notwithstanding any other provision or limitation of
public general or public local law;

(a)   The Mayor and Common Council of Westminster may borrow
money and incur indebtedness, from time to time, for any public purpose,
and evidence that borrowing or indebtedness by the issue and sale of its
general obligation bonds or notes issued in anticipation thereof (herein-
after sometimes collectively referred to as "bonds").

(b)   Bonds, notes or other evidences of indebtedness issued by The
Mayor and Common Council of Westminster shall be issued, sold and de-
livered in accordance with the terms and conditions of an ordinance or
ordinances passed in conformity with Sections 31 through 37, inclusive, of
Article 23A of the Annotated Code of Maryland (1966 Replacement Vol-
ume, as amended), title "Corporations
Municipal," subtitle "Home Rule,"
subheading "Creation of Municipal Public Debt," provided, however, that:

(1) The Mayor and Common Council of Westminster may sell bonds,
notes or other evidences of indebtedness at private sale without advertise-
ment or publication of notice of sale or solicitation of competitive bids,
provided the ordinance (s) authorizing the issuance of the bonds, notes or
other evidences of indebtedness shall so specify; and


 

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Session Laws, 1972
Volume 708, Page 2362   View pdf image
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