1602 LAWS OF MARYLAND [Ch. 394
certain debt evidenced by a Promissory Note in the
principal amount of Two Hundred Thousand Dollars
($200,000) owed by Provident Hospital, Inc. to the
State of Maryland; and granting certain authority to
the Board of Public Works in regard to debts owed to
the State of Maryland by Provident Hospital, Inc.
WHEREAS, Provident Hospital, Inc. has experienced
financial difficulties during the past year; and
WHEREAS, This hospital has made great strides to
stabilize its financial status; and
WHEREAS, Provident Hospital, Inc. has agreed to
undertake in good faith a community fund raising effort;
and
WHEREAS, Releasing Provident Hospital, Inc. and its
receiver from certain debts owed to the State of Maryland
and whereas suspending for three years payments of
principal and interest on other loans Bade by the State
to Provident Hospital, Inc. will greatly enhance the
chances of its continued existence and complement other
efforts undertaken by the public and private sectors to
guarantee its functioning; and
WHEREAS, Provident Hospital. Inc. is a community
based institution that has provided much needed medical
care and services to the citizens of Baltimore; and
WHEREAS, The existence of the hospital as a vital
provider of quality health care is a concern of the
general public and should be assured; and
WHEREAS, A valid public purpose will be served by
the relief provided to Provident Hospital, Inc. by this
Act; now, therefore
[[SECTION 1. Upon recommendation by the Governor or
officers of the Treasury Department as provided by
Section 33 of Article III of . the Constitution of
Maryland, the Board of Public Works is authorized and
empowered to pass a resolution releasing Provident
Hospital, Inc., of the City of Baltimore and its Receiver
from the total debts owed to the State of Maryland as
evidenced by Certificates of Indebtedness of Receiver for
Provident Hospital, Inc., executed on dates and in
amounts, to wit:]]
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That upon recommendation by the Governor or
officers of the Treasury Department as provided by
Section 33 of Article III of the Constitution of
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