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LAWS OF MARYLAND

Ch. 72

redeeming the same as they mature and become payable, the
County Commissioners of Somerset County shall levy annually
a tax upon the assessable property in Somerset County
sufficient to pay the annual interest on the bonds and to
redeem the same as they become due, until all of said bonds
shall mature and be redeemed. The taxes so levied shall be
collected in the same manner as other taxes are levied and
collected in the County.

SECTION 4. AND BE IT FURTHER ENACTED, That out of the
actual cash proceeds from the sale of any of the 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 Somerset 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 Somerset County as if delivery had been
made before such death, incapacity, or expiration, or other
termination of the term of office.

SECTION 6. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1980.

Approved April 8, 1980.

CHAPTER 73

(House Bill 413)

AN ACT concerning

Maryland Agricultural Land Preservation Foundation - Grants

FOR the purpose of providing that certain grants may pass to
the Maryland Agricultural Land Preservation Foundation.

BY repealing and reenacting, with amendments,