4823

POOLESVILLE

effective, the President of The Commissioners of
Poolesville shall cause the same to be registered with
the Secretary of State of Maryland and with the
Department of Legislative Reference, in accordance with
the provisions of Section 17(f) of Article 23A of the
Annotated Code of Maryland.

PRINCESS ANNE

(Somerset County)

Resolution to Amend Section 210(a) of the

CODE OF THE PUBLIC LOCAL LAWS OF SOMERSET COUNTY

(The Charter of Princess Anne)

WHEREAS, the President & Commissioners of Princess
Anne have found it necessary to borrow funds for the
smooth and efficient operation of the Town of Princess
Anne, Maryland; and,

WHEREAS, the present sum and condition for borrowing
as set forth in Section 210 (a) of the CODE OF THE PUBLIC
LOCAL LAMS OF SOMERSET COUNTY are inadequate;

IT IS THEREBY RESOLVED that Section 210 (a) of the
CODE be amended to be as follows:

The Commissioners of Princess Anne be and they are
hereby authorized to borrow from time to time upon the
faith and credit of said municipal corporation, sums not
to exceed ONE HUNDRED THIRTY THOUSAND DOLLARS ($130,000)
in total at any one time outstanding at a rate of
interest not exceeding THE PREVAILING INTEREST RATE; and
to execute the promissory note or notes of the said
Commissioners of Princess Anne, for any amount so
borrowed, to be signed by the President of said
Commissioners and countersigned by the Town Manager, to
mature not later than FORTY YEARS from the date of the
execution of said notes, but said money shall be borrowed
and said notes shall be issued only in the manner and for
the purposes in this charter provided.

Said amendment to become effective on the 27th day
of June, 1974, unless on or before the fortieth day after
being so ordained or passed there shall be presented to