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Session Laws, 1976
Volume 734, Page 2511   View pdf image
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MARVIN MANDEL, Governor                            2511

year. The County Commissioners in their next annual levy
shall levy the tax on all land and improvements and all
other property assessed for county tax purposes within
the respective sanitary district, which tax shall be
levied and collected and have the same priority rights,
bear the same interest and penalties and in every respect
be treated the same as county taxes. The tax so levied
for the ensuing year shall be collected by the tax
collecting authorities and every 120 days they shall
remit the whole amount of the tax so collected to the
Commission. From the money so received, together with
the amount in hand to the credit of [said bond fund] A
FUND OR FUNDS FOR THE PAYMENT OF THE PRINCIPAL OF AND
INTEREST ON THE BONDS, the Commission shall first pay all
OF THE PRINCIPAL OF AND interest [and principal] on the
bonds as it becomes due, and shall then deposit the
residue of the moneys in some bank or banks in the County
to the joint credit of the County Commissioners and the
Commission. The Commission is authorized to pay the
interest on any bonds it may issue out of the proceeds of
the sale of the bonds, but not more than two years'
interest may be expended. Nothing contained in this
section or in this subtitle shall be construed as in any
manner relieving the County Commissioners of St. Mary's
County of its unconditional pledge of its full faith and
credit and unlimited taxing power to the payment of
principal OF and interest on any bonds issued by the
Commission pursuant to Section 161 of this subtitle.

IN EACH YEAS IN WHICH ANY BONDS ISSUED PURSUANT TO
THIS SUBTITLE ARE OUTSTANDING AND UNPAID, THE COUNTY
COMMISSIONERS SHALL LEVY AND COLLECT A TAX UPON ALL
PROPERTY SUBJECT TO ASSESSMENT FOR TAXATION BY ST. MARY'S
COUNTY IN RATE AND AMOUNT SUFFICIENT TO PROVIDE AN
AMOUNT, IF ANY BE NECESSARY, WHICH, TOGETHER WITH ANY
OTHER AMOUNTS LAWFULLY AVAILABLE AND APPLIED FOR THE
PURPOSE, SHALL BE SUFFICIENT TO PROVIDE FOR THE PAYMENT
OF THE PRINCIPAL OF AND INTEREST ON ALL SUCH BONDS, WHEN
THEY BECOME DUE AND PAYABLE.

(b) Penalty. In order that the prompt payment of
interest and the proper [[provisions]] provision for the
payment of the principal of said bonds shall be assured,
the prompt and proper performance of the respective acts
and duties heretofore defined is specifically enjoined,
and any failure upon the part of any person, persons,
body corporate or agent to perform the necessary acts and
duties hereafter set forth, to pay over the [said] funds
as required, or to use [said] THE funds for the payment
of the principal OF and interest on [said] THE bonds, is
hereby declared a misdemeanor and punishable as other
misdemeanors are punishable by Section 176 of this
[sub-title] SUBTITLE.

163. Bids and contracts.

[[[ ]]Whenever the STUDIES AND plans [[and
specifications]] for water supply[[,]] or sewerage [[or

 

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Session Laws, 1976
Volume 734, Page 2511   View pdf image
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