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Session Laws, 1979
Volume 737, Page 62   View pdf image
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62

LAWS OF MARYLAND

Ch. 18

with or pertaining to any or all of the matters or things
hereinbefore mentioned; provided, however, that no part of
such proceeds shall be used to pay costs not directly
related to and required for the acquisition, construction or
completion of a specific physical improvement and the
initial equipping thereof; it being the intent of this
provision to limit the use of such proceeds to capital
expenditures and to prohibit their use for current expenses
of the City.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved March 26, 1979

CHAPTER 19

(House Bill 1002)

AN ACT concerning

Dorchester County - Hospital Bonds

FOR the purpose of authorizing and empowering the County
Commissioners of Dorchester County, from time to time,
to borrow not more than Two Million Dollars
($2,000,000) in order to assist in financing the
expansion, reconstruction, rehabilitation, renovation
and improvement of the Dorchester General Hospital,
including the costs of development of property rights
and any related planning, architectural, and
engineering services, and to effect such borrowing by
the issuance and sale at public or private sale of its
general obligation bonds in like par amount; empowering
the County to fix and determine, by resolution, the
form, tenor, interest rate or rates or method of
determining the same, terms, conditions, maturities and
all other details incident to the issuance and sale of
the bonds; empowering the County to issue refunding
bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the
County to enter into an agreement with the Hospital for
payment of the debt service requirements of the bonds
from revenues of the Hospital and further to levy,
impose and collect, annually, ad valorem taxes in rate
and amount sufficient to provide funds that may
otherwise be necessary for the payment of the maturing
principal of and interest on the bonds; exempting the

 

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Session Laws, 1979
Volume 737, Page 62   View pdf image
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