Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1963-06-20

A@AbANA4h14 49, NOAN4 O4he
Trustee
STANLEY B. FROSH
B. C. KIMBERLEY
Attorneys for Trustee
3t.0398-6/20
LAWS ENACTED BY THE
COUNTY COUNCIL
AT Its Legislative Session
In May, 1868
The following constitutes only
a portion Of the Laws enacted
by the County Council in May,
1868. The remainder will be
found in other County News
papers. Copies of all Laws may
be obtained from the Office of
the County Attorney, County
Office Building, Rockville,
Maryland.
CHAPTER 9
(BILL NO. 10
AN ACT authorizing the issu-
ance of bonds of Montgomery
County, Maryland, In a princi.
pal amount not exceeding $780,.
900 upon its full faith and cred.
it, to provide for expenditures
not exceeding 100000 for fin
ancing Improvements to the
Montgomery County Airpark at
Gaithersburg, Maryland, pre-
scribing the terms and condi.
tons, by reference, upon which
said bonds shall be issued and
delivered, and other incidental
details with respect thereto, and
providing for the application Of
the proceeds of such bonds on
terms and conditions to be pre-.
scribed by the County Council,
declaring that the immediate ex.
pansiOn and improvement of ex.
listing airport facilities in Mont
gOmery County is a public pur-
pose and necessary to the well
fare of the inhabitants of Mont
gomery County and providing
for the levy of unlimited ad
vaIorem taxes for the payment
of the principal and interest Of
such bonds.
BE IT ENACTED BY THE
COUNTY COUNCIL FOR
MONTGOMERY COUNTY,
MARYLAND,
that
Sec. 1. Montgomery County,
Maryland is hereby authorized
at any time and from time to
time, upon its faith and credit
to borrow money and incur in
debtedness in a total amount not
exceeding 100000 for financing
the construction, reconstruction,
extension, acquisition, enlarge
ment, alteration, repair and
modernization of the airport IA
cility known as Montgomery
County Airpark, with respect
but not limited to the buildings,
hangers, pavements, runways,
taxiways and parking areas of
said airport.
Sec. 2. Section 2-107 through
Section 2.115, inclusive of the
Montgomery County Code 1860,
as amended, and each and every
part of such sections, excepting
therefrom only subsections (a)
and (b) of Section 2.107, be and
they are hereby Incorporated in
this Act, by reference, as a part
hereof, it being the intention of
the County Council that said
sections shall be applicable in
all respects to the borrowing of
money, the issuance of bonds,
the application of the proceeds
of such bonds, and the levy of
unlimited ad valorem taxes for
the payment of the principal
and interest of the bonds au.
thorized by this Act.
Sec. 3. Before borrowing any
money or issuing any bonds
pursuant to the authority, the
County Council shall adopt, in
addition to or as part of any
other resolutions required by
Sections 2-107 through 2-115 of
the Montgomery County Code
1860, a resolution prescribing
the terms and conditions on
which the proceeds of the bonds
authorized hereunder shall be
made available for the purposes
designated in this Act.
Sec. 4. 1t is hereby determined
and declared that the public in
terest Of the citizens of Mont
gomery County requires the i'm
mediate expansion and improve
ment of existing airport facili-
ties in Montgomery County. The
issuance and sale Of bonds for
the purposes authorized in this
Act are hereby determined and
declared to be for a public pur-
pose and the welfare of the in
1. L.tkA~A. 80 AAzx.AnaN,aay-r (t1taKa