WILLIAM DONALD SCHAEFER, Governor                     Ch. 32

10-17.

(A)  The County Commissioners [of Dorchester County,
whenever in their discretion they may deem it advisable, are
authorized to] MAY issue certificates of indebtedness upon the
faith and credit of Dorchester County [for]:

(1)  FOR the payment of the maintenance and support of
the public schools in [said] THE county, [and for]

(2)  FOR repairs and maintenance of the county roads,
bridges and ferries therein, and [for]

(3)  FOR no other purposes whatsoever.[, bearing]

(B)  THE CERTIFICATES OF INDEBTEDNESS SHALL BEAR interest at
the rate established by the Board of County Commissioners per
annum from the date of [same] ISSUANCE, which shall be endorsed
upon the face of [such] THE certificates of indebtedness.[, and
they]

(C)  THE COUNTY COMMISSIONERS shall levy on the assessable
property of the county liable to taxation for the payment of

[said] THE interest-bearing certificates of indebtedness in like
manner as by law THERE HAS BEEN PRIOR LEVY FOR other claims.

[have been heretofore levied for, and all such]

(D)  THE certificates of indebtedness issued and executed by
the County Commissioners shall be a lien upon all of the
assessable property in Dorchester County.[; provided, however,
that]

(E)  SUBJECT TO THE PROVISIONS OF ARTICLE 25, SECTION 9D, OF
THE ANNOTATED CODE, all interest-bearing certificates of
indebtedness issued during any fiscal year by [said] THE County
Commissioners [of Dorchester County] shall be paid in full within
[two (2)] 2 months from the expiration of [such] THE fiscal year,
and not more than [five hundred thousand dollars ($500,000.)
shall] $500,000 MAY be issued in any one fiscal year.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved April 12, 1988.

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