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Session Laws, 1986
Volume 768, Page 4637   View pdf image
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ANNE ARUNDEL COUNTY                                          4637

financing of the facility, including, but not limited to, loan
repayments (both principal and interest) made to the County by
the Borrower or from the proceeds of bonds or other obligations
issued for the purposes of refunding other obligations, and (ii)
shall not ever constitute, within the meaning of any statutory
limitation, constitutional or charter provision, or otherwise (a)
an indebtedness of the County or (b) a charge against the general
credit or taxing powers of the County; providing the maximum term
of maturity for the bonds or other obligations issued pursuant to
this Resolution; authorizing the County Executive of the County,
or the Director of Administration, Deputy Director of
Administration, Budget Officer, or Controller of the County with
the approval of the County Executive of the County, to specify,
prescribe, determine, provide for, or approve certain details,
forms, documents, or procedures in connection with the bonds or
other obligations issued hereunder and the loan of the proceeds
of such bonds or other obligations to the Borrower and any other
matters necessary or desirable in connection with the
authorization, issuance, sale, and payment of such revenue bonds
or other obligations; authorizing the County Executive, or the
Director of Administration, Deputy Director of Administration,
Budget Officer, or Controller of the County with the approval of
the County Executive, to take certain actions, to execute
documents and make certain commitments on behalf of the County in
connection with the issuance, sale, and delivery of such bonds or
other obligations; authorizing the execution and delivery of the
bonds or other obligations and such other documents as may be
necessary or desirable to effectuate the aforementioned borrowing
and the issuance, sale, and delivery of the bonds or such other
obligations; providing that approval of this Resolution by the
County Executive shall constitute the agreement of the County
Executive to report to the County Council on certain matters
pertaining to the bonds or other obligations; and generally
providing for, and determining, various matters in connection
with the issuance, sale, delivery, and payment of such bonds or
other obligations.

Approved August 7, 1985.

Resolution No. 60-85

A RESOLUTION for the purpose of authorizing, providing for,
and approving certain changes and modifications to the
transaction authorized by Resolution No. 17-82, adopted by the
County Council of Anne Arundel County, Maryland on March 10,
1982 and approved by the County Executive of Anne Arundel County,
Maryland on March 11, 1982, which authorized, among other things,
the issuance by Anne Arundel County, Maryland (the "County") of
its Anne Arundel County, Maryland Industrial Development Revenue
Bonds (Canada Dry Project), 1982 Series (the "Bonds"), in the
aggregate principal amount of $2,500,000, the proceeds of which
were to be loaned to C.D. Potomac Realty Group, a Maryland

 

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Session Laws, 1986
Volume 768, Page 4637   View pdf image
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