1018                             Laws of Maryland                       [Ch. 622

tutions shall be due and payable on and after the first day of July in
the year in which they are levied, one-fourth of said taxes on the first
day of October, one-fourth of said taxes on the first day of January,
and the other one-fourth of said taxes shall be due and payable on
the first day of April following their levy. On all County taxes, either
the first installment of county taxes or the whole amount of county
taxes paid before the first day of September, a discount of [three
per cent. (3%)] one per cent. (1%) shall be allowed; on such taxes
paid in September, [a discount of two per cent. (2%)] no discount
shall be allowed. On all taxes which are not paid before the first day
of October in said year, interest of one-half of one per cent shall be
charged if paid at any time during said month of October, and in-
terest of one-half of one per cent, shall be charged for each additional
month or fraction thereof that such taxes shall remain unpaid.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved April 10, 1957.

CHAPTER 622
(House Bill 570)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not exceed-
ing One Million, Six Hundred Fifty Thousand Dollars ($1,650,000);
to provide that of the said sum, an amount not to exceed One
Million, Four Hundred Thousand Dollars ($1,400,000) may be
borrowed for the purpose of financing the construction of a
County administration building to be located in Upper Marlboro or,
in the alternative, for the purpose of financing a modernization,
improvement or addition to the Courthouse in Upper Marlboro, and
to provide that of the said sum, an amount not to exceed Two
Hundred Fifty Thousand Dollars ($250,000) may be borrowed for
the purpose of financing the construction, reconstruction or im-
provement of other public buildings, or the acquisition of land to
be used in connection therewith; to effect such borrowing by the
issuance and sale to the highest bidder or bidders at public sale of
its general obligation, serial maturity coupon bonds; empowering
the County 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: prescribing the method and manner of
selling said bonds at public sale, empowering said County, subject
to certain limitations, to sell said bonds at, above or below the par
value thereof; empowering said County to refund any of said bonds
purchased or redeemed in advance of maturity; empowering and

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.