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Session Laws, 1995
Volume 793, Page 1918   View pdf image
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Ch. 180                                        1995 LAWS OF MARYLAND

4. THE GENERAL MANAGEMENT OF WILDLIFE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1995.

Approved May 9, 1995.

CHAPTER 180
(Senate Bill 544)

AN ACT concerning

Frederick County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of Frederick
County from time to time, to borrow not more than $21,400,000 in order to finance
the cost of certain public facilities in Frederick County and to effect that 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 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 the bonds
by Frederick County.

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 Frederick
County; "public facilities" means the costs of construction and reconstruction of capital
projects including, but not limited to, landfill projects, public schools, roads, bridges,
flood control projects, solid waste facilities, water and leachate treatment facilities,
libraries, and communication systems, including development of property, acquisition,
and installation of equipment and furnishings, together with any related architectural,
financial, legal, planning, or engineering services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the facilities described in Section 1 of
this Act, and to borrow money and incur indebtedness for that purpose, at one time or
from time to time, in an amount not exceeding, in the aggregate, $21,400,000 and to
evidence its borrowing by the issuance and sale upon its full faith and credit of general
obligation bonds in like par amount, which may be issued at one time or from time to
time, in one or more groups or series, as the County may determine.

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Session Laws, 1995
Volume 793, Page 1918   View pdf image
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