1058                             Laws of Maryland                       [Ch. 702

A.  A sum not to exceed Seven Hundred, Fifty Thousand Dollars
($750,000) may be borrowed by the County upon the terms and
conditions set forth in this Act, for the purpose of financing the
construction or reconstruction of a County Service Building to be
located in Hyattsville, Prince George's County, Maryland, including
the preparation of plans, drawings and specifications, permanent
equipment and appurtenant land necessary for such structure or
structures.

B.   A sum not to exceed Three Hundred Thousand Dollars ($300,-
000) may be borrowed by the County, upon the terms and conditions
set forth in this Act, for the purpose of financing the construction
of a County Welfare Building to be erected adjacent to the County
Health Department Building at Cheverly, Prince George's County,
Maryland and in connection therewith to finance the acquisition and
development of sites therefor, the preparation of plans, drawings
and specifications therefor and the permanent equipment for any
such structure.

Sec. 2. And be it further enacted, That to evidence the borrowing
more specifically authorized in Section 1 of this Act, the County
is hereby authorized to issue and sell, upon its full faith and credit,
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 if funds for the projects more specifically described in Section
1 above become necessary, provided, however, that the total debt
which may be incurred pursuant to this Act shall not exceed One
Million, Fifty Thousand Dollars ($1,050,000).

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 of County Commissioners for Prince George's County
shall adopt a resolution describing the projects described in Section
1 hereof for which said borrowing or indebtedness is intended, the
amount needed to finance said projects 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 borrowing or indebted-
ness. Each series or group of said bonds shall be issued to mature
in annual serial installments, the last installment to mature not
later than twenty-five (25) years from the date of issue of said
group or series. In said resolution, said Board of County Commis-
sioners 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 in equal par amounts or in consecutive
annual installments. Said County shall have and is hereby granted
full and complete authority and discretion to fix and determine, in
said resolution, the form and tenor of any such bonds, the rate or
rates of interest payable thereon, or the method of arriving at the
same, the date or dates upon which said bonds shall respectively
mature and be payable, the manner of selling said bonds at public
sale, and generally all matters incident or necessary to the issuance,
sale and delivery thereof. The bonds of each such issue shall be
dated, shall bear interest at such rate or rates not exceeding six per
centum (6%) per annum, payable semi-annually, shall mature at
such time or times as may be determined by said resolution, and