BLAIR LEE III, Acting Governor

1997

(House Bill 1128)

AN ACT concerning

Baltimore County - Revenue Authority

FOR the purpose of providing that the Baltimore County
Revenue Authority may mortgage its projects and
properties; and clarifying language.

BY repealing and reenacting, with amendments,

The Public Local Laws of Baltimore County

Section 29-4(b)(9), 29-6(a), (b), (c), and (k), and

29-13
Article 3 - Public Local Laws of Maryland
(1968 Edition and 1975 Supplement, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Code of Public Local Laws
of Maryland be repealed, amended, or enacted to read as
follows:

Article 3 — Baltimore County

29-4.

(b) The authority is hereby granted and shall have
and may exercise all powers necessary or convenient for the
carrying out of the aforesaid purposes, including, but
without limiting the generality of the foregoing, the
following rights and powers:

(9) To borrow money and issue negotiable
revenue bonds, MORTGAGES, certificates or other evidence of
indebtedness or obligations and to secure the payment of
[such bonds,] THEM, or any part ("thereof,] OF THEM, by
pledge, MORTGAGE or indenture of trust of all or any part of
its PROPERTY, PROJECTS, revenues, rentals, receipts and
funds available from any source whatsoever, all as may be
provided in the resolution authorizing the issuance of
[such] THE bonds (OF OTHER EVIDENCE OF INDEBTEDNESS), which
resolution shall be taken as a part of the contract with the
holders of [such] THE bonds, and to make [such] agreements
with the purchasers or holders of [such] ITS bonds or with
others in connection with any [such] OF ITS bonds whether
issued or to be issued, as the authority shall deem
advisable, and in general to provide for the security for
[said] THE bonds and the rights of the holders thereof;

29-6.

(a) The authority [shall have the power and it is
hereby authorized] MAY at one time or from time to time [to]
provide by resolution for the issuance of negotiable revenue
bonds, MORTGAGES, certificates or other evidence of
indebtedness for the purpose of paying all or any part of
the cost or purchase price of any one or more of the