Theodore R. McKeldin, Governor                  1021

In addition to making provision for the above described terms and
conditions of any group or series of bonds issued hereunder, the
above mentioned resolution of the Board of County Commissioners
shall likewise fix the terms and conditions of the public sale of such
group or series of bonds, and said resolution shall adopt a suitable
form of notice of sale, which shall briefly outline said terms and
conditions in accordance with the provisions hereof. Said notice
shall be published at least twice in one or more daily or weekly news-
papers having a general circulation in the County, and may also be
published in one or more journals having a circulation primarily
among banks and investment bankers. The sale of said bonds shall
be held not sooner than ten (10) days following the first publication
of said notice. Said notice shall offer said bonds to the highest bidder
or bidders therefor, and shall state how said highest bidder or
bidders will be determined. Said notice of sale shall specify the date,
place and hour at which bids for said bonds will be received and
opened and the bonds awarded. It shall also specify that each bid
shall be made in writing by a sealed proposal and shall be accom-
panied by a good faith deposit in a fixed or determinable amount as
security for compliance by the bidder with his bid. Said notice shall
refer to this Act as authority for the bonds and shall state the date
of issue of the bonds offered, the total aggregate par amount thereof,
the interest payable thereon, or the method of determining the same,
generally the purpose to which the proceeds thereof will be devoted,
and the general form thereof, including a statement whether said
bonds will be redeemable, will be in coupon or registered form, and
whether the same will be registerable as to principal, or as to both
principal and interest. Each such notice of sale shall also contain a
brief summary of the current financial condition of the County or
shall indicate where such a statement may be obtained and, finally,
shall reserve unto the Board of County Commissioners the right to
reject any or all bids received. In lieu of publishing said entire
notice of sale, the Board of County Commissioners may, if it shall so
elect in said resolution, publish a brief summary of said notice which
summary need not contain all the information required by law to be
contained in said notice but which shall state where interested parties
may obtain a complete copy thereof.

Sec. 4. 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 the assessable property within
the corporate limits of the County 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, 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 is-
sued for one of the projects described in Section 1 hereof, any funds
received by it from the State of Maryland, the United States of
America, any agency or instrumentality thereof, or from any other
source, if such funds are granted for the purpose of assisting the