WM. PRESTON LANE, JR., GOVERNOR. 1549

such funds received or receivable in any fiscal year the taxes
hereby required to be levied may be reduced proportionately.

SEC. 7. And be it further enacted, That the County is here-
by further authorized and empowered, at any time and from
time to time, to issue its bonds in the manner hereinabove
described for the purpose of refunding, upon purchase or
redemption, any bonds issued for a public facility hereunder.
The validity of any such refunding bonds shall in no way
be dependent upon or related to the validity or invalidity
of the obligations so refunded. The powers herein granted
with respect to the issuance of bonds for any public facility,
and also the limitations herein on such powers, shall be
applicable to the issuance of refunding bonds. Said refund-
ing bonds may be issued by the County for the purpose of
providing it with funds to purchase in the open market any
of its outstanding bonds issued hereunder, prior to the
maturity thereof, or for the purpose of providing it with
funds for the redemption prior to maturity of any outstand-
ing bonds issued hereunder which are, by their terms, re-
deemable. The resolution authorizing the issue of any such
refunding bonds shall describe the issue or issues of bonds
of the County so to be refunded and no issue of such re-
funding bonds shall exceed in par amount the par amount
of such bonds so described in said resolution. No such re-
funding bonds shall actually be delivered to the purchaser
or purchasers thereof more than six (6) months in advance
of redemption date or dates of bonds to be redeemed and re-
funded and the proceeds of the sale of any such refunding
bonds shall be segregated and set apart by the County as a
separate trust fund to be used solely for the purpose of pay-
ing the purchase or redemption prices of the bonds to be
refunded.

SEC. 8. And be it further enacted, That, in the issuance of
any of the bonds authorized hereby, the County may, prior
to the preparation of definitive bonds or obligations, issue
interim certificates or temporary bonds, with or without
coupons, exchangeable for definitive bonds when such bonds
or obligations have been executed and are available for de-
livery, provided, however, that any such interim certificates
or temporary bonds shall be issued in all respects subject to
the restrictions and requirements set forth herein. The
County may, by appropriate resolution, provide for the re-
placement of any bonds issued hereunder which shall have
become mutilated or be destroyed or lost upon such conditions
and after receiving such indemnity as the Board of County