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Session Laws, 1972
Volume 708, Page 814   View pdf image
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814                              Laws of Maryland                      [Ch. 257

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 2 of Chapter 344 of the Acts of 1971 be and it is hereby
repealed and re-enacted, with amendments, and to read as follows:

Sec. 2. And be it further enacted, That the County Commis-
sioners of Washington County, a body corporate, in order to finance
the drainage of ground and surface waters in said County, are
hereby authorized and empowered to borrow, from time to time, in
such amounts as it shall deem necessary, money on the faith and
credit of said County, and to issue therefor notes or bonds, pro-
vided that in the aggregate said notes and bonds shall not exceed
the sum of One Million Dollars [and provided that said notes and/or
bonds shall bear a rate or rates of interest not exceeding five per
centum per annum]; and provided further that if said money or
any part thereof shall be borrowed by a note or notes, such note or
notes shall be signed by the President of the County Commissioners
and the Treasurer of Washington County and have the seal of said
county affixed thereto; and provided further that if said money or
any part thereof shall be borrowed by the sale of bonds that said
bonds shall be designated "Ground and Surface Water Drainage
Bonds of Washington County," and shall be of such denomination
or denominations, callable or non-callable, and of such type, or form,
and of such period of maturity as the said County Commissioners
of Washington County may deem advisable, and said bonds shall
be signed by the President of said County Commissioners of Wash-
ington County and the Treasurer of said County and have the cor-
porate seal of said Washington County affixed thereto, and the
principal amount of said bonds and the interest payable thereon
shall be and remain exempt from taxation by the State of Maryland
and by the counties and municipalities of said State; provided fur-
ther that if any such bonds shall be sold the provisions of Article 31,
Sections 10 and 11 of the Annotated Code of Maryland (1971 Re-
placement Volume) shall be complied with.

Sec. 2. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
preservation of the public health and safety and having been passed
by a yea and nay vote supported by three-fifths of all the members
elected to each of the two houses of the General Assembly, the same
shall take effect from the date of its passage.

Approved May 5, 1972.

CHAPTER 257
(House Bill 14)

AN ACT to add new Section 4A to Article 40 of the Annotated Code of
Maryland (1971 Replacement Volume and 1971 Supplement),
title "General Assembly," to follow immediately after Section 4
thereof and to be under the new subtitle "Office Services," to pro-
vide that the State shall furnish reasonable office services for
members of the General Assembly and to preclude other govern-
mental entities from doing so UNDER CERTAIN CONDITIONS.

 

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Session Laws, 1972
Volume 708, Page 814   View pdf image
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