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Session Laws, 1980
Volume 739, Page 2391   View pdf image
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HARRY HUGHES, Governor

2391

be consolidated and sold as part of a single issue of bonds
under § 2B of Article 31 of the Code.

(3)   The actual cash proceeds of the sale of the bonds
shall be paid to the Treasurer and shall be first applied to
the payment of the expenses of issuing and delivering the
bonds unless funds for this purpose are otherwise provided
and thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of
Public Works, for the following public purposes, including
any applicable architects' and engineers' fees: for to
assist the Westminster Preservation Trust, Inc., in the
purchase, preservation, reconstruction, alteration, and
equipping of the Westminster Church, Baltimore City, and its
grounds, tombs, vaults, and monuments.

(4)   Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
(1) and (3) above, the Westminster Preservation Trust, Inc.
shall provide at least an equal and matching fund of
$350,000 for this project. The Westminster Preservation
Trust, Inc. shall have until June 1, 1982 to present
evidence satisfactory to the Board of Public Works that this
fund will be provided. Upon receiving from the Board of
Public Works on or before June 1, 1982, a certificate of
suitable evidence, If satisfactory evidence of the raising
of at least an equal and matching fund for this project is
presented to the Board of Public Works on or before June 1,
1982 the Board of Public Works shall so certify to the
Treasurer of the State and the proceeds of the loan shall be
expended in accordance with the provisions of this Act. If
satisfactory evidence of raising at least an equal and
matching fund for this project is not presented to the Board
of Public Works on or before June 1, 1982, the proceeds of
the loan shall be transferred to the Annuity Bond Fund and
applied to the debt service requirements of the State.

(5)  No portion of the proceeds of the loan or any of
the matching funds may be used for the furtherance of
sectarian religious instruction, or in connection with the
design, acquisition, or construction of any building used or
to be used as a place of sectarian religious worship or used
or to be used as a place for sectarian religious
instruction, or in connection with any part of any program
or department of divinity for any religious denomination.
Upon the request of the Board of Public Works, Westminster
Preservation Trust, Inc. shall submit evidence satisfactory
to the Board that none of the proceeds of this loan or any
of the matching funds have been or are being used for a
purpose prohibited by this Act.

(6)  There is hereby levied and imposed an annual State
tax on all assessable property in the State in rate and
amount sufficient to pay the principal of and interest on
the bonds as and when due and until paid in full, such
principal to be discharged within fifteen years of the date
of issue of the bonds.

 

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Session Laws, 1980
Volume 739, Page 2391   View pdf image
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