THEODORE R. MCKELDIN, GOVERNOR 249

CHAPTER 128
(House Bill 150)

AN ACT to authorize and empower the Board of Educa-
tion of Anne Arundel County, from time to time, to
borrow money in order to finance the construction or
extension of public schools in said County, as herein
defined, and to effect such borrowing by the issuance and
sale to the highest bidder or bidders at public sale of its
bonds upon its full faith and credit and upon the full
faith and credit of the County Commissioners of Anne
Arundel County, subject to the limitation that the total
indebtedness that may be incurred hereunder shall not
exceed Four Million Dollars ($1, 000, 000. 00) THREE
MILLION FIVE HUNDRED THOUSAND DOLLARS
($3, 500, 000. 00) in the aggregate; empowering said
Board to fix and determine, by Resolution, the form,
tenor, interest rate or method of arriving at the same,
terms, including redemption and registration provisions,
conditions, maturities, and all other details incident
or necessary to the issuance, public sale and delivery
of said bonds, without reference to any other law here-
tofore enacted; prescribing the method and manner of
selling said bonds at public sale; empowering said
Board, subject to certain limitations, to sell said bonds
at, above or below the par value thereof; empowering
said Board to provide for the redemption of said bonds
in advance of maturity and to provide for the pay-
ment of a premium in excess of par value in connec-
tion with any such redemption; expressly permitting said
Board, in its discretion, to provide for the execution and
authentication of said bonds in facsimile, both on behalf
of said Board and said County; empowering and direct-
ing the County Commissioners of Anne Arundel County
to unconditionally guarantee the payment of principal
and interest of any such bonds so issued; empowering
and directing said Board and said County to apply to the
payment of principal and interest of said bonds any
funds received from the State of Maryland and the
United States which may be properly allocable to said
purpose; empowering and directing said County to con-
tract to levy and to levy, impose or fix annually ad

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.