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Session Laws, 1988
Volume 770, Page 2948   View pdf image
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Ch. 336

LAWS OF MARYLAND

SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1988 is an emergency measure, is
necessary for the immediate preservation of the public health and
safety, has been passed by a yea and nay vote supported by
three-fifths of all of the members elected to each of the two
Houses of the General Assembly, and shall take effect from the
date it is enacted.

Approved May 17, 1988.

CHAPTER 336

(House Bill 1149)

AN ACT concerning

Carroll County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County
Commissioners of Carroll County, from time to time, to
borrow not more than $3,000,000 in order to finance the cost
of certain public facilities in Carroll County, as herein
defined, and to effect such borrowing by the issuance and
sale at public or private sale of its general obligation
bonds in like par amount; empowering the County to fix and
determine, by resolution, the form, tenor, interest rate or
rates or method of determining the same, terms, conditions,
maturities and all other details incident to the issuance
and sale of the bonds; empowering the County to issue
refunding bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the County to
levy, impose and collect, annually, ad valorem taxes in rate
and amount sufficient to provide funds for the payment of
the maturing principal of and interest on the bonds;
exempting the bonds and refunding bonds, and the interest
thereon and any income derived therefrom, from all State,
county, municipal and other taxation in the State of
Maryland; and relating generally to the issuance and sale of
such bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the body
politic and corporate of the State of Maryland known as the
County Commissioners of Carroll County, and the term "public
facilities" means the costs of planning, design, and construction
together with any related architectural, financial, legal, or
engineering services of the following capital projects; Northern
Landfill, John Owings Landfill.

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Session Laws, 1988
Volume 770, Page 2948   View pdf image
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