WILLIAM DONALD SCHAEFER, Governor                    Ch. 512

county, municipal and other taxation in the State of
Maryland; and 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 Board
of County Commissioners of Cecil County, and the term "public
facilities" means the planning, design, acquisition, and
construction of the new Health and Mental Hygiene Facility of
Cecil County and , the expansion, enlargement, extension,
improvement, rehabilitation, and equipping of the Cecil Community
College of Arts and Science including development of property,
installation of furnishings, together with any related
architectural, financial, legal, planning or engineering

services, THE PLANNING, DESIGN, CONSTRUCTION AND MOVABLE

EQUIPMENT FOR THE NEW RISING SUN HIGH SCHOOL FACILITY, TOGETHER
WITH ANY RELATED ARCHITECTURAL, FINANCIAL, LEGAL OR ENGINEERS
SERVICES AND THE REMOVAL OF FRIABLE ASBESTOS INSULATION AND ROOF
REPLACEMENT FOR EXISTING SCHOOL BUILDINGS AND THE ADMINISTRATION
BUILDING.

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,
$6,000,000 $8,650,000 and to evidence its 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, which may
include a variable rate; 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 the bonds, which may be by facsimile; the terms and

- 2369 -