Theodore R. McKeldin, Governor                  1037

the United States of America, which may be properly allocable to
said purpose; empowering and directing said County to contract
to levy and to levy, impose and collect annually ad valorem taxes
which, in addition to the State and Federal allotments, if any, will
provide funds sufficient for the payment of said maturing principal
and interest; exempting said bonds and said refunding bonds and
the interest thereon from all State, county and municipal taxation
in the State of Maryland; and providing that the power to incur
indebtedness and issue bonds therefor under the provisions of
Chapter 373 of the Acts of the General Assembly of Maryland of
1955 shall be withdrawn.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners for Prince George's County, and the term "public schools"
shall include the construction, reconstruction, improvements, exten-
sion, acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Prince George's County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development of
the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. And be it further enacted, That, the County is hereby au-
thorized and empowered to finance the construction of public schools,
as defined in Section 1 of this Act, for the use of the Board of Educa-
tion of Prince George's County and, in order to make such financing
possible, said County is hereby granted the power and authority to
borrow money and incur indebtedness for such purpose, from time
to time, in an amount not exceeding the sum of Fifteen Million
Dollars ($15,000,000.00) and to evidence such borrowing by the
issuance and sale upon its full faith and credit of its serial maturity,
general obligation coupon bonds in like par amount, upon the terms
and conditions hereinafter set forth. Such bonds may be issued from
time to time, in one or more groups or series, as funds for such
public school construction or acquisition become necessary, provided,
however, that the total debt which may be incurred pursuant to the
authority of this Act shall not exceed Fifteen Million Dollars ($15,-
000,000.00).

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing the public school or schools for which said borrowing or
indebtedness is intended, the amount needed for said purposes, and
determining to borrow money or incur indebtedness for all or a part
of the amount so needed, and to issue its bonds to evidence such bor-
rowing or indebtedness. Each series or group of said bonds shall be
issued to mature in annual serial installments, the last installment
to mature not later than thirty (30) years from the date of issue
of said group or series. In said resolution, said County shall fix the
annual serial maturity plan with respect to the bonds to be issued
thereunder and said annual serial maturities shall be so fixed as to
conform to the general financial plans of the County but need not be