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1477
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MARVIN MANDEL, Governor
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bonds shall be paid first the cost of printing and other
outlays and expenses and charges connected with the issue
of the same, and the entire balance of the actual cash
proceeds, together with any interest that may be received
on the same, shall be retained by the County Treasurer of
Caroline County until needed for the purposes specified
as in this Act.
SECTION 5. AND BE IT FURTHER ENACTED, That in the
event that any of the persons designated to sign said
bonds be unable for any reason to do so the County
Commissioners shall by resolution authorize the execution
thereof by some other member or officer, and such
execution shall be valid and sufficient for all purposes
as if the bonds had been executed by the person or
persons originally designated herein. Should any person
signing said bonds die or become incapacitated, or should
he cease to be an officer or a commissioner, before the
delivery of the bonds, such signature shall nevertheless
be valid and sufficient for all purposes and shall be
equally effective to bind the County Commissioners of
Caroline County as if delivery had been made before such
death, incapacity, or expiration, or other termination of
the term of office.
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SECTION 6. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1977.
Approved April 12, 1977.
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CHAPTER 139
(House Bill 1345)
AN ACT concerning
Caroline County - Borrowing Limitation
FOR the purpose of authorizing the Caroline County
Commissioners to borrow money for emergency purposes
up to a certain percentage of estimated revenues for
the current fiscal year; providing time limits for
repayment; prohibiting any extension of the time for
repayment; and clarifying language.
BY repealing and reenacting, with amendments,
The Public Local Laws of Caroline County
Section 25
Article 6 — Public Local Laws of Maryland
(1965 Edition and 1975 Supplement, as amended)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
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