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Session Laws, 1972
Volume 708, Page 2790   View pdf image
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2790                            County Local Laws

or the conversion or modernization thereof and the development of
grounds, and all customary permanent appurtenances and recrea-
tional and pedagogical equipment for such public junior or community
colleges. The proceeds from said bonds may be applied to the pay-
ment of the first six months' interest on said bonds.

Sec. 2. Sections 2-111 through 2-119 inclusive, of the Mont-
gomery County Code 1965, as amended, and each and every part of
such Sections, excepting therefrom only subsections (b), (c), (d)
and (e) 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.

Sec. 3. Any bonds issued and sold by the County pursuant to
the authority of this Act shall constitute, and they shall so recite,
an irrevocable pledge of the full faith and credit and unlimited taxing
power of the County. Montgomery County, Maryland, hereby cove-
nants and agrees that in each and every fiscal year in which any of
such bonds are outstanding, it will levy or cause to be levied ad
valorem taxes upon all the assessable property within the corporate
limits of the County in rate and amount sufficient to provide for the
payment, when due, of the interest on and principal of all such
bonds maturing in each such fiscal year, and in the event the proceeds
from such taxes shall prove inadequate for the above purposes, it will
levy additional taxes in the succeeding fiscal year to make up any
such deficiency, all in accordance with the provisions of Section 2-115
of the Montgomery County Code 1965, as amended.

Sec. 4. The powers granted by this Act are additional and cu-
mulative, and the bonds authorized by this Act may be issued, not-
withstanding that other bond acts or laws may provide for the is-
suance of other bonds or the borrowing of money for the same or
similar purposes on the same or other terms and conditions.

Sec. 5. Effective date.

This Act shall take effect on the 76th day following its enactment.
Effective: November 23, 1970

CHAPTER 29

(BILL NO. 50-70)

AN ACT to amend Chapter 96, titled "Police," of the Montgomery
County Code 1965, as amended, by repealing and re-enacting,

 

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Session Laws, 1972
Volume 708, Page 2790   View pdf image
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