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Session Laws, 1976
Volume 734, Page 2200   View pdf image
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2200

LAWS OF MARYLAND

Ch. 797

Maryland; relating generally to the issuance and
sale of such bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means
the body politic and corporate of the State of Maryland
known as the County Commissioners of Dorchester County,
and the term "construction, improvement or development of
public facilities" includes the following:

(a)    construction, acquisition, improvement,
rehabilitation, repair, and furnishing and equipping of
public school buildings, sites, and grounds; and

(b)    bridge construction, rehabilitation and
[[repair; together with any planning, architectural and
engineering services related to the foregoing public
facilities.]] repair; and

(c) construction of storm water drainage

facilities; together with any planning, architectural and

engineering services related to the foregoing public

facilities.

SECTION 2. AND BE IT FURTHER ENACTED, That the
County is hereby authorized and empowered to finance the
construction, improvement or development of public
facilities, as defined in Section 1 of this Act, and to
borrow money and incur indebtedness for that purpose, at
one time or from time to time, in an amount not
exceeding, in the aggregate, [[Eight Hundred Thousand
Dollars ($800,000)]] One Million Dollars ($1,000,000),
and to evidence such borrowing by the issuance and sale
upon its full faith and credit of general obligation
bonds in like par amount, which may be issued at one time
or from time to time, in one or more groups or series, as
the County may determine. Of the total amount authorized
to be borrowed hereunder, the sum of Five Hundred
Thousand Dollars ($500,000) shall be allocated to finance
the construction, improvement or development of the
public facilities described in Section 1(a), and the sum
of Three Hundred Thousand Dollars ($300,000) shall be so
allocated for the public facilities described in Section

1 (b) , and the sum of Two Hundred Thousand Dollars

($200,000) shall be so allocated for the public

facilities described in Section 1(c).

SECTION 3. AND BE IT FURTHER ENACTED, That the
bonds shall be issued pursuant to a resolution of the
County which shall describe generally the public
facilities for which the proceeds of the bond sale are
intended and the amount needed for those purposes. The
County shall have and is hereby granted full and complete
authority and discretion in the resolution to fix and
determine with respect to the bonds of any issue: the

 

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Session Laws, 1976
Volume 734, Page 2200   View pdf image
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