738 LAWS OF MARYLAND. [CH. 422

of determining the same, the purpose to which the proceeds
thereof will be devoted, and the general form thereof, includ-
ing a statement whether said bends will be redeemable, will
be in coupon or registered form, and whether the same will
be registerable as to principal, or to both principal and
interest. Each such notice of sale shall also contain a brief
summary of the current financial condition of the County or
shall indicate where such a statement may be obtained, and,
finally, shall reserve unto the Board of County Commissioners
the right to reject any or all bids received.

SEC. 4. And be it further enacted, That the money so
borrowed from time to time shall be expended by the County
exclusively and solely for the public facilities or public
schools, or both, described in said resolution, and in the
amounts allocated thereby to each, but in the event the
amounts so borrowed shall prove inadequate for the financing
of any such public facility or public school, at any time, the
County may issue additional bonds for the purpose of evi-
dencing the borrowing of addtiional funds for any such public
school or public facility, and if the funds derived from the
sale of any issue of any such bonds shall exceed the amount
needed to finance the public schools and the public facilities
described in said resolution, the excess funds so borrowed
may be set apart by the County and applied in payment of
the first 'principal maturity of the obligations so issued
or to the redemption of any part of said bonds, if the same
shall have been made redeemable by any such resolution. If
not so used, any such excess funds remaining after the sale
of bonds for a public school or certain public schools shall
in no event be used for any other County function or public
facility and shall only be used for some other public school
or schools in the County upon adoption by the Board of
County Commissioners of a special resolution designating
the particular school or schools to which such fund shall be
diverted. In like manner any excess funds remaining from
the sale of any such bonds for public facilities shall in no
event be used for any other County function or public facility
except upon the adoption by the Board of County Commis-
sioners of a special resolution to that effect.

SEC. 5. And be it further enacted, That the bonds hereby
authorized shall constitute, and they shall so recite, an irre-
vocable pledge of the full faith and credit and unlimited
taxing power of the County to the payment of the maturing
principal and interest of such bonds as and when the same
respectively mature. In each and every fiscal year that any
of said bonds are outstanding, the County shall levy or cause