1538                             Laws of Maryland                       [Ch. 823

tain 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 payment
of a premium in excess of par in connection with any such redemp-
tion; 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
directing the County Commissioners of Anne Arundel County,
after approval of any such sale by the County, to unconditionally
guarantee the payment of principal and interest of any such bonds
so issued; empowering said Boar$ 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 contract to levy and to levy, impose or fix annually
ad valorem taxes which will provide funds sufficient for the pay-
ment of said maturing principal and interest; excepting the au-
thority hereby conferred from certain local laws and exempting
any of said bonds so issued and the interest payable thereon from
all State, county and municipal taxation in the State of Maryland.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "Board" shall mean the public body
corporate of the State of Maryland known as the Board of Education
of Anne Arundel County, as now or hereafter constituted, and the
term "County" shall mean the body politic and corporate of the State
of Maryland known as the County Commissioners of Anne Arundel
County and the term "public schools" shall be construed to mean the
construction, reconstruction, improvement, extension, alteration, re-
pair and modernization of public school buildings in Anne Arundel
County, the sites therefor, architectural and engineering services,
site development and necessary recreational and pedagogical equip-
ment.

Sec. 2. And be it further enacted. That the Board is hereby
authorized and empowered to acquire public schools as defined in
Section 1 of this Act, and is hereby granted the power and authority,
subject to approval by the County, to borrow not exceeding Ten
Million Dollars ($10,000,000.) for said purpose and to evidence such
borrowing by the issuance, upon its full faith and credit and upon the
full faith and credit of the County, of its serial maturity coupon
bonds, in the manner and upon the terms and conditions hereinafter
set forth.

Sec. 3. And be it further enacted, That before borrowing any
money or issuing any bonds pursuant to the authority of this Act,
the Board shall first, in writing, advise the County of the amount
of money which the Board has determined to be then necessary for
the next twelve months for all or any of the purposes described in
Section 1 hereof and, in said writing, the Board shall advise the
County of the amount it desires to borrow, through the issuance of its
bonds hereunder, in order to provide all or any part of the amount
so needed. Said written communication shall also set forth the
general terms and conditions of the bonds which the Board proposes
to issue and shall request approval of such proposal. Within not
more than thirty (30) days of receipt of any such communication
from the Board, the County shall, by resolution, determine whether