1964

1970, CHAPTER 652—Charles County School and
Community College Bonds

          State Administrative Board of Election Laws

Annapolis, Maryland

Pursuant to the provisions contained in Section 23-11 of Article
33 of the Annotated Code of Maryland, the State Administrative
Board of Election Laws does hereby certify that at the General Elec-
tion held in the State of Maryland on November 3, 1970, an Act known
as Chapter 652 of the Acts of 1970 was submitted to the voters of
Charles County under the provisions of Chapter 652, said Act being as
follows:

AN ACT to authorize and empower the County Commissioners of
Charles County, from time to time, to borrow not exceeding
four million dollars ($4,000,000) in order to finance (including
the payment of any bond anticipation notes issued for such pur-
poses) the construction, acquisition, improvement or extension
of certain public schools and community colleges in said County,
as herein defined, being the Gale-Bailey Elementary School at
Marbury, the T. P. Ryon Elementary School at Waldorf, the
Lackey High School near Mason Springs, the Thomas Stone
High School at Waldorf, the Vocational-Technical High School
at Pomfret and the Occupational Center and Sewerage Treat-
ment and Training Facility at the Charles County Community
College, and to effect such borrowing by the issuance and sale
to the highest bidder or bidders at public sale of its general
obligation, serial maturity coupon bonds in like par amount;
empowering said County to fix and determine, by resolution, the
form, tenor, interest rates or method of arriving at the same,
terms, including redemption and registration provisions, con-
ditions, maturities and all other details incident or necessary to
the issuance, public sale and delivery of said bonds, without
reference to any other law heretofore enacted; prescribing
the method and manner of selling said bonds at public sale; em-
powering said County to sell said bonds at, above or below the
par value thereof; empowering said County to refund any of
said bonds purchased or redeemed in advance of maturity; em-
powering said County to apply to the payment of principal and
interest of said bonds and said refunding bonds any funds re-
ceived from the State of Maryland and the United States of
America, which may be properly allocable to said purpose; em-
powering and directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in
addition to the State and Federal allotments, if any, will pro-
vide funds sufficient for the payment of said maturing principal
and interest; exempting said bonds and said refunding bonds
and the interest thereon from all State, county and municipal
taxation in the State of Maryland; and providing that the power
to incur indebtedness and issue bonds therefor under the pro-
visions of this Act is additional and alternative authority for
borrowing money and shall be regarded as supplemental and
additional to powers conferred upon the County by other laws;
and providing for referendum.