2280

LAWS OF MARYLAND

Ch. 555

all State, county, municipal and other taxation in the
State of Maryland; relating generally to the issuance
and sale of such bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the
body politic and corporate of the State of Maryland known as
the County Commissioners of Dorchester County, and the term
"public facilities" means the costs of acquisition,
alteration, construction, reconstruction, enlargement,
expansion, extension, improvement, rehabilitation and repair
of the following projects, including development of
property, acquisition and installation of furnishings and
equipment and any related architectural, financial, legal,
planning or engineering services: solid waste transfer
station; county-owned bridges; county industrial park and
airport; Cambridge middle school; and Hurlock elementary
school.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized to finance any part or all of the costs
of the facilities described in Section 1 of this Act, and to
borrow money and incur indebtedness for that purpose, at one
time or from time to time, in an amount not exceeding, in
the aggregate, $1,600,000 and to evidence such borrowing by
the issuance and sale upon its full faith and credit of
general obligation bonds in like par amount, which may be
issued at one time or from time to time, in one or more
groups or series, as the County may determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the public facilities for which the
proceeds of the bond sale are intended and the amount needed
for those purposes. The County shall have and is hereby
granted full and complete authority and discretion in the
resolution to fix and determine with respect to the bonds of
any issue: the designation, date of issue, denomination or
denominations, form or forms and tenor of the bonds; the
rate or rates of interest payable thereon, or the method of
determining the same; the date or dates and amount or
amounts of maturity, which need not be in equal par amounts
or in consecutive annual installments, provided only that no
bond of any issue shall mature later than 30 years from the
date of its issue; the manner of selling the bonds, which
may be at either public or private sale, for such price or
prices as may be determined to be for the best, interests of
the County; the manner of executing and sealing the bonds,
which may be by facsimile; the place or places of payment of
the principal of and the interest on the bonds, which may be
at any bank or trust company within or without the State of
Maryland; and generally all matters incident to the terms,
conditions, issuance, sale and delivery thereof.