Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1956-11-01

Ieu rate Oh seven W cents per
one hundred dollars of assessed
value of property proves INSULT
cient to provide for payment of
principal and interest on bonds
becoming due, including any de-
ficiency from previous years, then
the Council shall levy an ad va
loren tax upon all asSessable
property within the county in ac-
cordance with Section 3 sufficient
to pay the amount of principal
and interest of such bonds matur.
ing in such fiscal year which re-
mains due after application there
to of all proceeds of the special
tax
Section 3. The bonds hereby au-
thorized shall constitute and they
shall so recite an irrevocable
pledge of the full faith and credit
and unlimited taxing power of the
county to the payment of the ma
turing principal and interest of
such bonds as and when the same
respectively mature. In each and
every fiscal year that any of the
said bonds are outstanding, and
the ad valorem tax provided for
in Section 2, shall not be suffi-
Gent to meet the payment of prin,
cipal and interest, when due, then
the county shall levy or cause to
be levied ad valorem taxes upon
all the assessable property with
in the corporate limits of the
county in rate and amount Suffi-
lent to provide for the payment,
when due, of the interest and
principal of all such bonds ma
turing in each such fiscal year,
and in the event the proceeds
from the taxes so levied in any
such fiscal year shall prove made
quate for such payments, addi-
tlonal taxes shall be levied the
succeeding fiscal year to make up
any deficiency.
Section d. There is hereby es-
tablished a special taxing area to
be known as the Silver Spring
Hospital District, which District
shall consist of the Thirteenth
Election District of Montgomery
County, Maryland, as it now ex-
lists, excluding and exempting
therefrom the area within the
present boundaries of all present.
ly Incorporated areas lying with
in said District, the said District
being more particularly described
as follows:
All the land and improvements
situated and lying within the fol
lowing metes and bounds: Com
mencing at point at the north
ernmost corner of the Maryland
District of Columbia line, running
thence along said line in a south.
easterly direction to the Mont
gomery County-Prince Georges
County line, thence along said
line in a northeasterly direction
to Northwest Branch, thence
along said Northwest Branch in
a northerly direction, to where
said Northwest Branch is inter
sected by the Norbeck- Norwood
Road Estate Route 609), thence
along said road in a westerly di-
rection to the BrookeVille-Wash-
ington Road Georgia Avenue Ex-
tended, thence along said road in
a southerly direction to where it
is intersected by the Rockville
Norbeck Road, thence along said
road in a westerly direction to
Rock Creek, thence along said
creek in southerly direction to
the Maryland-District of Column
bia line, thence along said line in
a northeasterly direction to the
place of beginning, said area con-
shutting the Thirteenth Election
District Of Montgomery County,
as per Plat prepared and certified
by the County Surveyor of the
Board of Election Supervisors,
dated April 10, 1856.
There shall also be included in
the aforegoing described District
any lot, parcel or tract, partially
within and partially without such
area, which is separately set up
on county assessment records for
the purpose of county taxation.
Section 5. Before the issuance
of any bonds hereunder, the Sill.
yer Spring Hospital Association,
Inc, shall have amended its by.
laws to provide for the appoint.
ment by the County Council of
Montgomery County, Maryland
OF two of its members to the
Board of Trustees of said Associ.
alton, said appointments to run
concurrently with the terms of of.
flee of the said appointed Council
members, and the right of APP
pointment of the said two board
members shall continue for the
life Of the operation of the hospi-
tai.
Section 6. The proceeds of the
bonds herein authorized, to an
4 T..