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Session Laws, 1984
Volume 759, Page 683   View pdf image
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HARRY HUGHES, Governor                                       683

and issuing the bonds, the funding of reserves and the payment of
interest in such amounts and for such period as the Commission
deems reasonable.

(k) Bonds issued by the Commission and the interest on them
are limited obligations of the Commission, the principal of,
premium (if any) and interest on which are payable solely from
rents or other revenues derived from the real property AND
IMPROVEMENTS THEREON acquired, CONSTRUCTED, RECONSTRUCTED,
renovated, REHABILITATED, EXPANDED, EQUIPPED, OR [and] leased by
the Commission pursuant to this section and from any other funds
made available to the Commission for such purpose. Neither the
bonds issued by the Commission nor the interest on them shall
ever constitute an indebtedness or a charge against the general
credit of the Commission or the general, credit or taxing power of
the County Commissioners of St. Mary's County within the meaning
of any constitutional or statutory limitation and neither shall
ever constitute or give rise to any pecuniary liability of the
Commission or the County Commissioners of St. Mary's County,
except to the extent that the County may be the lessee of the
real property AND IMPROVEMENTS THEREON with respect to which the
bonds are issued.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1984.

Approved May 8, 1984.

CHAPTER 227

(House Bill 813)

AN ACT concerning

St. Mary's County - Sheriff's Department Pensions

FOR the purpose of authorizing the County Commissioners of St.

Mary's County to adopt a separate pension plan or for the

supplementation of existing plans for certain employees of

the Sheriff's Department; providing for the details of the

pension plan; providing for funding of the plan; and

relating generally to a pension plan or supplement for
certain employees of the St. Mary's County Sheriff's
Department.

BY adding to

Article 25 - County Commissioners

Section 3(g-3)

Annotated Code of Maryland

(1981 Replacement Volume and 1983 Supplement)

 

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Session Laws, 1984
Volume 759, Page 683   View pdf image
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