738

LAWS OF MARYLAND

Ch. 253

NO EVENT SHALL CURTILAGE IN EXCESS OF 5 ACRES BE ELIGIBLE FOR THE
DEFERRAL OR CREDIT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1984.

Approved May 8, 1984.

FOR the purpose of authorizing and empowering the County
Commissioners of Carroll County, from time to time, to
borrow not exceeding 3 million dollars ($3,000,000) in order
to finance the construction of 4 Carroll County libraries,
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 bonds in like par amount;
empowering said county to fix and determine, by resolution,
the form, tenor, interest rate or method of arriving at the
same, terms, including redemption and registration
provisions, conditions, maturities, and all other details
incident or necessary to the issuance, public sale, and
delivery of said bonds, without reference to the provisions
of Sections 9, 10, and 11 of Article 31 of the Code of
Public General Laws of Maryland (1983 Replacement Volume);
prescribing the method and manner of selling said bonds at
public sale; empowering said county, subject to certain
limitations, 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;
empowering and directing said county to apply to the payment
of principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland, and the
United States of America, which may be properly allocable to
said purposes; empowering and directing said county to
contract to levy and to levy, impose, and collect annually
ad valorem taxes which, in addition to payments from said

volunteer fire departments, and State and federal

allotments, if any, will provide funds sufficient for the
payment of said maturing principal and interest; exempting
said bonds and said refunding bonds and the interest thereon
and any income derived therefrom from all State, county, and
municipal taxation in the State of Maryland; and generally
relating to the issuance and sale of bonds for the Carroll
County library construction.

CHAPTER 254
(House Bill 1295)

AN ACT concerning

Carroll County - Local Debt - Library Construction

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