J. MILLARD TAWES, GOVERNOR                            1281

schools in said County, as herein defined, and to effect such borrow-
ing by the issuance and sale to the highest bidder or bidders at
public sale of its general obligation, serial maturity coupon bonds
in like par amount; empowering said County to fix and determine,
by resolution, the form, tenor, interest rate or method of arriving
at the same terms, including redemption and registration provi-
sions, conditions, maturities and all other details incident or neces-
sary to the issuance, public sale and delivery of said bonds, without
reference to any other law heretofore enacted; prescribing the
method and manner of selling said bonds at public sale; empower-
ing said County, subject to certain limitations, to sell said bonds
at, above or below the par value thereof; empowering said County
to refund any of said bonds purchased or redeemed in advance of
maturity; empowering and directing said County to apply to the
payment of principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland and the
United States of America, which may be properly allocable to said
purpose; and 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 prin-
cipal and interest; exempting said bonds and said refunding bonds
and the interest thereon from all State, county and municipal taxa-
tion in the State of Maryland.

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 of Anne Arundel 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 Anne Arundel
County, including sites therefor, the cost of acquiring any such sites,
architectural and engineering services, including the preparation
of plans, drawings and specifications for such schools and the de-
velopment of the grounds and landscaping thereof, and all customary
permanent appurtenances and recreational and pedagogical equip-
ment 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 Edu-
cation of Anne Arundel 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 Fourteen Million
Dollars ($14,000,000) 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
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 Fourteen Million Dollars
($14,000,000).

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