1916

LAWS OF MARYLAND

Ch. 208

CHAPTER 208

(Senate Bill 514)

AN ACT concerning

Creation of a State Debt - Havre de Grace Decoy Museum

FOR the purpose of authorizing the creation of a State Debt in
the amount of $250,000 $150,000 $200,000, the proceeds to be
used as a grant to the Mayor and City Council of the City of
Havre de Grace for the purpose of rehabilitation,
renovation, reconstruction, restoration, site improvement,
furnishing, and equipping of the Havre de Grace Decoy Museum
in the City of Havre de Grace, subject to the requirement
that the Mayor and City Council of the City of Havre de
Grace provide at least an equal and matching fund of a
certain kind for the same purpose by a certain date; and
providing generally for the issue and sale of bonds
evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)  The Board of Public Works may borrow money and incur
indebtedness on behalf of the State of Maryland through a State
loan to be known as the Havre de Grace Decoy Museum Loan of 1985
in the aggregate principal amount of $250,000 $150,000 $200,000.
This loan shall be evidenced by the issuance and sale of State
general obligation bonds authorized by a resolution of the Board
of Public Works and issued, sold and delivered in accordance with
the provisions of §§ 19 to 23 of Article 31 of the Annotated Code
of Maryland (1983 Replacement Volume and 1984 Supplement, as
amended from time to time).

(2)  The bonds issued to evidence this loan or installments
thereof may be sold as a single issue, or may 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: as a grant to the
Mayor and City Council of the City of Havre de Grace for the
purpose of the rehabilitation, renovation, reconstruction,
restoration, site improvement, furnishing, and equipping of the
Havre de Grace Decoy Museum in the City of Havre de Grace.