WILLIAM DONALD SCHAEFER, Governor

Ch. 486

derived therefrom, from all State, county, municipal and other taxation in the State
of Maryland; providing that nothing in this Act shall prevent the County from
authorizing the issuance and sale of bonds the interest on which is not excludable
from gross income for federal income tax purposes; providing for the repeal of laws
inconsistent with this Act: 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 in this Act, the term "County" means that body politic and
corporate of the State of Maryland known as the County Commissioners of Dorchester
County; the term "Court House capital improvements" means the costs of renovation,
repair, rehabilitation, reconstruction, expansion, and equipping of the Dorchester County
Court House in Cambridge, Maryland, including but not limited to the costs of relocating
offices located in the Court House, the costs of compliance with the Americans with
Disabilities Act, the costs of acquiring rights, title and interests in real property, including
easements, licenses, and any improvements thereto, including related costs for
architectural, financial, legal, planning, designing or engineering services, any finance
charges or interest prior to or during such financing, and any other costs or expenditures
incurred by the County in connection therewith.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the Court House capital improvements 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, $1,000,000
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 Court House
capital improvements 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, which, without limitation, may be issued in
registered form within the meaning of Section 30 of Article 31 of the Annotated Code of
Maryland as effective from time to time; 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 and sealing the bonds, which
may be by facsimile; the terms and conditions, if any, under which bonds may be tendered
for payment or purchase prior to their stated maturity; the terms or conditions, if any,
under which bonds may or shall be redeemed prior to their stated maturity; the place or
places of payment of the principal of and the interest on the bonds, which may be any
bank or trust company within or without the State of Maryland; covenants relating to

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