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Session Laws, 1972
Volume 708, Page 894   View pdf image
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894                              Laws of Maryland                      [Ch. 316

Section 1. Be it enacted by the General Assembly of Maryland,
That as used herein the term "the County" shall mean the body
politic and corporate of the State of Maryland known as the County
Commissioners of Harford County. The term "development of the
court house" shall include but not be limited to the construction,
renovation, reconstruction, improvement, extension, site and improve-
ment acquisition, alteration, repair and modernization of the present
building or buildings used for court house purposes in Harford
County, including sites therefor, adjacent to or in the immediate
vicinity thereof; and including expenditures for sites, for architec-
tural and engineering services including preparation of plans, draw-
ings and specifications for the purposes enumerated, for improve-
ments to the court house grounds and landscaping thereof, and for
all customary permanent appurtenances and equipment for a court
house.

Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the development of the court
house, as defined in Section 1 of this Act, for the use, control and
direction of the County Commissioners of Harford County and,
for such purposes, the County is hereby granted the power and au-
thority to borrow money and incur indebtedness from time to time,
in an amount not exceeding the sum of Five Million Dollars ($5,000,-
000) and to evidence the same by the issuance and sale, upon its
full faith and credit, of its serial maturity, general obligation coupon
bonds, upon the terms and conditions hereinafter set forth. Such
bonds may be issued from time to time, in one or more group
GROUPS or series, as funds for the development of the court house
become necessary; provided, however, that the total indebtedness
which may be incurred pursuant to the authority of this Act shall
not exceed Five Million Dollars ($5,000,000).

SEC. 3. And be it further enacted, That subject to the aforegoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing generally the purposes for which said borrowing or in-
debtedness is intended and the amount needed for said purposes,
determining the borrowing of money or incurring of indebtedness
for all or a part of the amount so needed, and to issue its bonds to
evidence such borrowing or indebtedness. Each series or group of
said bonds shall be issued to mature in annual serial installments,
the last installment to mature not later than thirty (30) years from
the date of issue of said group or series. In said resolution,
said County shall fix the annual serial maturity plan with
respect to the bonds to be issued thereunder and said annual serial
maturities shall be so fixed as to conform to the general financial
plans of the County but need not be in equal par amounts or in
consecutive annual installments. Subject to the limitations herein
contained, said County shall have and is hereby granted full and
complete authority and discretion to fix and determine, in said reso-
lution, the form and tenor of any such bonds, the rate or rates of
interest payable thereon, or the method of arriving at the same,
the date or dates upon which said bonds shall respectively mature
and be payable, the manner of selling said bonds at public sale,
and generally all matters incident or necessary to the issuance, sale
and delivery thereof. The bonds of each such issue shall be dated,

 

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Session Laws, 1972
Volume 708, Page 894   View pdf image
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