THEODORE R. MCKELDIN, GOVERNOR 253

resolution authorizing such additional bonds shall so recite,
but if the funds derived from the sale of any issue of any
such bonds shall exceed the amount needed to finance the
public school or schools described in said resolution, the
excess funds so borrowed and not used by the Board shall
be set apart by the Board and applied in payment of the
first principal maturity of the bonds so issued or to the
redemption of any part of said bonds, if the same shall
have been made redeemable, unless said Board shall adopt
a resolution, which shall be filed with and approved by the
County, allocating said excess funds to some other part of
the school program of the Board.

SEC. 5. And be it further enacted, That the bonds hereby
authorized shall constitute, and they shall so recite, an
irrevocable pledge of the full faith and credit and unlimited
taxing power of the County to the payment of the maturing
principal and interest of such bonds as and when the same
respectively mature. In each and every fiscal year that any
of said bonds are outstanding, the County shall levy or
cause to be levied ad valorem taxes upon all property
assessable by the County, within its corporate limits, in
rate and amount sufficient to provide for the payment,
when due, of the interest and principal of all said bonds
maturing in each such fiscal year and in the event the
proceeds from the taxes so levied in any such fiscal year
shall prove inadequate for the above purposes, the County
shall provide the difference from its general funds and
additional taxes shall be levied in the succeeding fiscal
year to make up any such deficiency. The County may
apply to the payment of principal and interest of any bonds
issued for any of the above defined public schools any
funds paid or payable either to the County or to the Board
by the State of Maryland, the United States of America,
any agency or instrumentality thereof, or by any other
source, if such funds are granted for the purpose of assist-
ing the County or the Board in obtaining any such public
school, and to the extent of any such funds received or
receivable in any fiscal year, the taxes hereby required
to be levied may be reduced proportionately.

SEC. 6. And be it further enacted, That, in the issuance
of any of the bonds authorized hereby, the Board may,
prior to the preparation of definitive bonds or obligations,
issue interim certificates or temporary bonds, with or with-
out coupons, exchangeable for definitive bonds when such
bonds or obligations have been executed and are available
for delivery, provided, however, that any such interim