Common use of BE IT FURTHER ENACTED BY THE Clause in Contracts

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural land 13 preservation and other available funds, to pay any installment of the Purchase Price under the Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and payable.

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 4 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 5 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 6 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 7 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 8 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 9 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 10 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 11 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural 12 land 13 preservation and other available funds, to pay any installment of the Purchase Price under the 13 Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on 14 the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in 15 full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably 16 pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the 17 interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and 18 payable.

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 2 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 3 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 4 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 5 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 6 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 7 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 8 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 9 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural 10 land 13 preservation and other available funds, to pay any installment of the Purchase Price under the 11 Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on 12 the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in 13 full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably 14 pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the 15 interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and 16 payable.

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural 13 land 13 preservation and other available funds, to pay any installment of the Purchase Price under the 14 Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on 15 the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in 16 full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably 17 pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the 18 interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and 19 payable.

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 13 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 14 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 15 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 16 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 17 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 18 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 19 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 20 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural 21 land 13 preservation and other available funds, to pay any installment of the Purchase Price under the 22 Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on 23 the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in 24 full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably 25 pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the 1 interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and 2 payable.

BE IT FURTHER ENACTED BY THE. COUNTY COUNCIL OF HARFORD 5 22 COUNTY, MARYLAND, That for the purpose of paying the installments of the Purchase Price when due 6 23 and payable and the interest on the unpaid balance of the Purchase Price when due and payable, there is 7 24 hereby levied, and there shall hereafter be levied in each fiscal year that any portion of the Purchase Price 8 25 payable under the Installment Purchase Agreement remains outstanding, ad valorem taxes on real and 9 26 tangible personal property and intangible property subject to taxation by the County, without limitation of 10 1 rate or amount, and, in addition, upon such other intangible property as may be subject to taxation by the 11 2 County within limitations prescribed by law, in an amount sufficient, together with the portion of the 12 3 transfer tax imposed on transfers of real property in Harford County which is dedicated to agricultural 4 land 13 preservation and other available funds, to pay any installment of the Purchase Price under the 5 Installment 14 Purchase Agreement maturing during the succeeding year and to pay the annual interest on 6 the outstanding 15 balance of the Purchase Price until the Purchase Price and all interest have been paid in 7 full; and the full 16 faith and credit and the unlimited taxing power of the County are hereby irrevocably 8 pledged to the punctual 17 payment of the Purchase Price under the Installment Purchase Agreement and the 9 interest on the unpaid 18 balance of the Purchase Price as and when the same respectively become due and 10 payable.