1842                           LAWS OF MARYLAND                      [CH. 832

and shall state the date of issue of the bonds offered, the total ag-
gregate par amount thereof, the schedule of maturities thereof, the
interest payable thereon, or the method of determining the same,
the purpose to which the proceeds thereof will be devoted, and the
general form thereof, including a statement whether said bonds will
be redeemable, will be in coupon or registered form, and whether
the same will be registrable as to principal, or as to both principal
and interest. Each such notice of sale shall also contain a brief
summary of the current financial condition of the County or shall
indicate where such a statement may be obtained and, finally, shall
reserve unto the County the right to reject any or all bids received.
In lieu of publishing said entire notice of sale, the County may, if it
shall so elect in said resolution, publish a brief summary of said
notice which need not contain all the information required for said
notice of sale but which shall state where interested parties may
obtain a complete copy thereof.

Sec. 4. And be it further enacted, That the money so borrowed
for the public road or roads described in said resolution above re-
quired, in evidence of which any such bonds shall be issued, shall
be paid to the Treasurer of Prince George's County and shall be used
exclusively and solely for such public road or roads. In the event the
amounts so borrowed shall prove inadequate for the financing of any
such public roads, at any time, the County may issue additional
bonds within the limitations hereof for the purpose of evidencing
the borrowing of additional funds for any such public road, provided
the resolution for authorizing the additional bonds shall so recite,
but if the funds derived from the sale of any issue of said bonds
shall exceed the amount needed to finance the public road or roads
described in said resolution, the excess funds so borrowed shall be
applied by said County in payment of the next principal maturity
of the bonds so issued or to the redemption of any part of said bonds,
if the same shall have been made redeemable.

Sec. 5. And be it further enacted, That the bonds hereby authorized
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 maturing principal and interest of such bonds
as and when the same respectively mature. In each and every fiscal
year that any of said bonds are outstanding, the County shall levy
or cause to be levied ad valorem taxes upon all the assessable prop-
erty within the corporate limits of the County in rate and amount
sufficient to provide for the payment, when due, of the interest and
principal of all said bonds maturing in each such fiscal year and in
the event the proceeds from the taxes so levied in any such fiscal
year shall prove inadequate for the above purposes, additional taxes
shall be levied in the succeeding fiscal year to make up any such
deficiency. The County may apply to the payment of principal and
interest of any bonds issued hereunder any funds received by it
from the State of Maryland, the United States of America, any
agency or instrumentality thereof, or from any other source, if such
funds are granted for the purpose of assisting the County in public
road construction, and to the extent of any such funds received or
receivable in any fiscal year the taxes hereby required to be levied
may be reduced proportionately.