WILLIAM DONALD SCHAEFER, Governor Ch. 121

of any rule or regulation adopted under this subtitle shall
terminate and be of no effect after July 1, [1991] 2001.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 5, 1989.

CHAPTER 121

(Senate Bill 309)

AN ACT concerning

Creation of a State Debt - Project Liberty

FOR the purpose of authorizing the creation of a State Debt in
the amount of $300,000 $250,000 $225,000 the proceeds to be
used as a grant to Project Liberty Ship for the
reactivation, renovation, reconstruction, repair, and
preservation of the historic Liberty Ship John W. Brown to
be used as a memorial to merchant marines and naval armed
guards, subject to the requirement the Project Liberty Ship
provide at least an equal and matching fund of a certain
kind for the same purpose by a certain date; requiring that
certain easements or covenants be granted to the Maryland
Historical Trust; and providing generally for the issue and
sale of bonds evidencing the loan.

Preamble

WHEREAS, Project Liberty Ship is a nonprofit organization
dedicated to the preservation of the Liberty Ship John W. Brown
as a living memorial to the men and women of American industry
who built the Liberty fleet and to the merchant marines and naval
armed guards who sailed the ships across all the oceans of the
world; and

WHEREAS, The origins of the project lie back in 1978, when a
seminar on Liberty Ship preservation was held aboard the John W.
Brown, then serving as a nautical high school operated by the
City of New York. Those attending the seminar could foresee the
day, rapidly approaching, when the last ship of that great fleet
of over 2,700 would face the breaker's torch or be sunk as a
fishing reef, and they were determined to preserve at least one
ship as a memorial museum on the east coast; and

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