1204                            Laws of Maryland                       [Ch. 777

sale, which shall briefly outline said terms and conditions in accord-
ance with the provisions hereof. Said notice shall be published at
least twice in one or more daily or weekly newspapers 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 accompanied 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
schedule of maturities thereof, the interest payable thereon, or the
method of determining the same, 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 County the right
to reject any or all bids received. In lieu of publishing said entire
notice of sale, the County may, if it shall so elect in said resolution,
publish a brief summary of said notice which need not contain all
the information required for said notice of sale but which shall state
where interested parties may obtain a complete copy thereof.

Sec. 4. And be it further enacted, That the money so borrowed
for the purpose of reconstruction, improvement, extension, altera-
tion, repair, conversion, modernization and equipping of the Court
House located at Upper Marlboro, Maryland, shall be used ex-
clusively and solely for such enumerated purposes.

Sec. 5. And be it further enacted, That the bonds hereby au-
thorized 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 assess-
able 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, addi-
tional taxes shall be levied in the succeeding fiscal year to make up
any such deficiency. The County may apply to the payment of prin-
cipal and interest of any bonds issued hereunder 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 County in public