WM. PRESTON LANE, JR., GOVERNOR. 943

Board may, by appropriate resolution, provide for the re-
placement of any bonds issued hereunder which shall have be-
come mutilated or be destroyed or lost upon such conditions
and after receiving such indemnity as the Board may think
it proper and necessary to stipulate and require.

SEC. 8. And be it further enacted, That any and all obliga-
tions issued pursuant to the authority of this Act, the inter-
est payable thereon, and the income derived therefrom in the
hands of the holders thereof from time to time, shall be and
is hereby declared to be exempt from State, county and
municipal taxation of every kind and nature whatsoever in
the State of Maryland.

SEC. 9. And be it further enacted, That none of the pro-
visions of Sections 165 to 185 of the Code of Public Local
Laws of Anne Arundel County, being Article 2 of the Code
of Public Local Laws of Maryland, as said sections were en-
acted by Chapter 185 of the Acts of the General Assembly of
Maryland, passed at its January Session in the year 1939,
and as Section 167 was amended by Chapter 612 of the Acts
of the General Assembly of Maryland, passed at its January
Session in the year 1943, shall limit or affect in any way the
powers hereby conferred, and the duties and obligations
hereby conferred and imposed upon the Board of Education
of Anne Arundel County and the County Commissioners of
Anne Arundel County are hereby exempted from the pro-
visions of said sections to the extent that there may be, or
may appear to be, any conflict or inconsistency between the
provisions of said sections and the provisions of this Act, and
none of the provisions of said sections shall be construed as
a limitation upon the powers hereby conferred; provided,
however, that any funds heretofore or hereafter budgeted for
school construction pursuant to the requirements of Section
167(a) (3) or pursuant to Section 167(c) of said Code of
Public Local Laws may be applied by the County Commis-
sioners of Anne Arundel County on account of the payment
of the principal and interest of any bonds issued hereunder;
and provided further that, except for the application of such
funds, the County Commissioners of Anne Arundel County
shall in each fiscal year, pursuant to Section 167(a) (1), bud-
get an amount sufficient to meet the debt service requirements
of the bonds hereby authorized, as above provided.

SEC. 10. And be it further enacted, That this Act shall be
deemed to provide an additional and alternative method for
the doing of the things authorized hereby and, except as
herein provided, shall be regarded as supplemental and addi-
tional to powers conferred by other laws, and shall not be