1202                             Laws of Maryland                       [Ch. 777

sale; empowering said County, subject to certain limitations to
sell said bonds at, above or below the par value thereof; empower-
ing said County to refund any of said bonds purchased or redeemed
in advance of maturity; empowering and directing said County
to contract to levy and to levy, impose and collect annually ad
valorem taxes which 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.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of County Commissioners for Prince George's County,
a body politic and corporate of the State of Maryland (hereinafter
referred to as the "County") is hereby authorized and empowered
to borrow at such time or times as it may decide, upon its full faith
and credit, a sum or sums of money not exceeding Eight Hundred
Thousand Dollars ($800,000.00) for the purpose of financing the
reconstruction, improvement, extension, alteration, repair, con-
version, modernization and equipping of the Court House in Upper
Marlboro, Maryland, including the preparation of plans, drawings
and specifications for such structures.

Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the reconstruction, improve-
ment, extension, alteration, repair, conversion, modernization, and
equipping the Court House in Upper Marlboro, as defined in Section
1 of this Act, for the use of the Board of County Commissioners 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 Eight Hundred Thousand
Dollars ($800,000.00) and to evidence such borrowing by the issu-
ance 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
reconstruction, improvement, extension, alteration, repair, conver-
sion, modernization and equipping of the Court House in Upper
Marlboro becomes necessary, provided, however, that the total debt
which may be incurred pursuant to the authority of this Act shall
not exceed Eight Hundred Thousand Dollars ($800,000.00).

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 reconstruction, improvement, extension, alteration,
repair, conversion, modernization and equipping of the Court House
in Upper Marlboro 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 borrowing 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 twenty-five (25) 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 there-