WM. PRESTON LANE, JR., GOVERNOR 409

Powers", to be known as Sub-section (Q) and to follow imme-
diately after Sub-section (P) of Section 3 of said Article,
and to read as follows:

3.

(Q) (Bonds or Evidences of Indebtedness.) To provide for
the borrowing of moneys on the faith and credit of the County
and for the issuance of bonds or other evidences of indebted-
ness therefor in such sums, for such purposes, on such terms
and payable at such times, and from such taxes or other
sources as may have been or may be provided by or pursuant
to local law, subject to any limitations imposed by the charter
adopted by the County and to the following limitations:
(1) The aggregate amount of bonds and other evidences of
indebtedness outstanding at any one time shall not exceed
ten per centum upon the assessable basis of the County, except
that fa) tax anticipation notes or other evidences of indebted-
ness having a maturity not in excess of twelve months, fb)
bonds or other evidences of indebtedness issued or guaranteed
by the County payable primarily or exclusively from taxes
levied in or on, or other revenues of, special taxing areas or
districts heretofore or hereafter established by law, and (c)
bonds or other evidences of indebtedness issued for self-liqui-
dating and other projects payable primarily or exclusively
from the proceeds of assessments or charges for special benefits
or services, shall not be subject to, or be included as bonds
or evidences of indebtedness in computing or applying, said
ten per centum limitation.

(2) Any local law authorizing the borrowing of money or
issuance of bonds or other evidences of indebtedness shall be
submitted to the registered voters of the County for approval
or rejection, if a petition for such submission is filed pursuant
to the provisions of the Charter and local laios of the County.
If the Charter contains no such provisions, any local law
authorizing the borrowing of money or issuance of bonds or
other evidences of indebtedness shall be submitted to the
registered voters of the County for approval or rejection, if a
petition for such submission, bearing the signatures of ten
FIVE per centum or more of such voters, is filed with the
Board of Supervisors of Elections of the County within 75
days after the enactment of such local law.

SEC. 3. And be it further enacted, That this Act is legisla-
tion in the general public welfare and dealing with an acute
emergency, and it is hereby declared to be an emergency law
and necessary for the immediate preservation of the public
health and safety, and having been passed by a yea and nay