WM. PRESTON LANE, JR., GOVERNOR. 593

the County) be and it is hereby authorized to finance the
acquisition of said bridge by borrowing a sum not exceeding
Seven Hundred Fifty Thousand Dollars ($750,000) and evi-
dencing said borrowing by the issue of its revenue bonds, in
the manner hereinafter prescribed, secured as to repayment
of principal and interest solely from the tolls derived and col-
lected by the County from the operation of said bridge. If
the County exercises the authority hereby conferred, it shall
have the authority to maintain and operate said bridge as a
toll bridge so long as any of said bonds issued by it for acquisi-
tion shall remain outstanding and unpaid, and the operation
of said bridge and the tolls charged by the County for the use
thereof shall be governed in ail respects by the Public General
Laws of this State affecting the maintenance and operation of
highway bridges and the charging of tolls for the use thereof.

SEC. 3. And be it further enacted, That the revenue bonds
authorized to be issued hereby shall not constitute a debt of
the County or a pledge of its faith and credit but such bonds,
and the interest thereon, shall be payable solely from the
revenues of the bridge. The County is herby authorized and
empowered by resolution to borrow sufficient money to pay
the cost of acquisition as well as any costs necessary to place
said bridge and the approaches thereto in first class condition,
and to issue its revenue bonds in the manner hereinafter pre-
scribed to evidence such borrowing. Bach of such bonds shall
contain a statement on its face to the effect that the County
is not obligated to pay the same or the interest thereon ex-
cept from the net revenues of the bridge and that the faith and
credit of the County are not pledged to the payment of the
principal and interest of the bonds. Before issuing any such
revenue bonds, the County shall make or obtain (a) an esti-
mate of cost of acquisition of the bridge and the cost of its
improvement to be defrayed by the money to be realized from
the issuance of such bonds (b) an estimate of the annual
revenues of the bridge and (c) an estimate of the annual cost
of maintaining, repairing and operating the same, and no
money shall be borrowed and no revenue bonds issued to evi-
dence such borrowing unless the County is satisfied from such
estimates that the annual revenues of the bridge will be suffi-
cient to pay the cost of maintaining, repairing and operating
it and, also, the interest on such bonds and the principal
thereof as such interest and principal shall become due.

Such revenue bonds shall be dated, shall bear interest at
such rate or rates not exceeding four percentum per annum,
payable semi-annually, shall mature at such time or times not
exceeding forty years from their date or dates, as may be
determined by the County, and may be made redeemable before