WILLIAM DONALD SCHAEFER, Governor Ch. 147

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990.

Approved April 24, 1990.

CHAPTER 147
(House Bill 266)

AN ACT concerning

Calvert County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of Calvert
County, from time to time, to borrow not more than $11,000,000 in order to
finance the cost of certain public facilities in Calvert County, as defined, and to
effect the borrowing by the issuance and sale at public or private sale of its general
obligation bonds in like par amount; empowering the County to fix and determine,
by resolution, the form, tenor, interest rate or rates or method of determining the
same, terms, conditions, maturities and all other details incident to the issuance
and sale of the bonds; empowering the County to issue refunding bonds for the
purchase or redemption of bonds in advance of maturity; empowering and
directing the County to levy, impose and collect, annually, ad valorem taxes in rate
and amount sufficient to provide funds for the payment of the maturing principal
of and interest on the bonds; exempting the bonds and refunding bonds, and the
interest on them and any income derived from them, from all State, county,
municipal and other taxation in the State of Maryland; and relating generally to
the issuance and sale of the bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of Calvert
County, and "public facilities" means the costs of equipment for the Plum Point
Elementary School; architectural and engineering services for the South Central
Elementary School and Southern High School; the construction of Plum Point Middle
School; for landfill improvements; for improvements for the Industrial Park Authority in
Calvert County; for the initial equipping of the addition to the jail and the treatment
facility; and for other related costs.

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, $11,000,000 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

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