J. MILLARD TAWES, Governor                     1843

Sec. 6. And be it further enacted, That the County is hereby au-
thorized and empowered, at any time and from time to time to issue
its bonds in the manner hereinabove described for the purpose of
refunding, upon purchase or redemption, any bonds issued here-
under. The validity of any such refunding bonds shall in no way
be dependent upon or related to the validity or invalidity of the
obligations so refunded. The powers herein granted with respect to
the issuance of bonds, and also the limitations herein on such powers
shall be applicable to the issuance of refunding bonds. Said refunding
bonds may be issued by the County for the purpose of providing
it with funds to purchase in the open market any of its outstanding
bonds issued hereunder, prior to the maturity thereof or for the
purpose of providing it with funds for the redemption prior to
maturity of any outstanding bonds issued hereunder which are, by
their terms, redeemable. The resolution authorizing the issue of any
such refunding bonds shall describe the issue or issues of bonds
of the County so to be refunded, and no issue of such refunding bonds
shall exceed in amount the par amount of such bonds so described
in said resolution. No such refunding bonds shall actually be de-
livered to the purchaser or purchasers thereof more than six (6)
months in advance of redemption date or dates of bonds to be re-
deemed and refunded and the proceeds of the sale of any such
refunding bonds shall be segregated and set apart by the County
as a separate trust fund to be used solely for the purpose of paying
the purchase or redemption prices of the bonds to be refunded.

Sec. 7. And be it further enacted, That, in the issuance of any of
the bonds authorized hereby, the County may, prior to the prepara-
tion of definitive bonds or obligations, issue interim certificates or
temporary bonds, with or without coupons, exchangeable for defini-
tive bonds when such bonds or obligations have been executed and
are available for delivery, provided, however, that any such interim
certificates or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The County
may, by appropriate resolution, provide for the replacement of any
bonds issued hereunder which shall have become mutilated or be
destroyed or lost upon such conditions and after receiving such
indemnity as the County may think it proper and necessary to stipu-
late and require.

Sec. 8. And be it further enacted, That any any all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the
holders thereof from time to time, shall be and is hereby declared
to be exempt from State, county and municipal taxation of every
kind and nature whatsoever in the State of Maryland.

Sec. 9. And be it further enacted, That this Act shall be deemed
to provide an additional and alternative method for the doing of the
things authorized hereby and shall be regarded as supplemental and
additional to powers conferred by other laws, and shall not be re-
garded as in derogation of any powers now existing. This Act being
necessary for the welfare of the inhabitants of Prince George's
County, shall be liberally construed to effect the purposes hereof.
All Acts and parts of Acts inconsistent with the provisions of this
Act, are hereby repealed to the extent of such inconsistency.