J. MILLARD TAWES, GOVERNOR                               423

the State and Federal allotments, if any, will provide funds suffi-
cient for the payment of said maturity principal and interest; ex-
empting said bonds and said refunding bonds and the interest there-
on 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 One Million
Dollars ($1,000,000.00) for the purpose of financing the construction
and equipping of Regional County Libraries and the purchase, of land
therefore, to be located at such place in Prince George's County as
the Board of County Commissioners may deem advisable, including
the preparation of plans, drawings and specifications for such
structure.

Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the purchase of land, the con-
struction of and equipping of Regional County Libraries as defined in
Section 1 of this Act, for the use of the Board of County Commis-
sioners, and in order to make such financing possible, said County
is hereby granted the power and authorization to borrow money and
incurred indebtedness for such purpose, from time to time, in an
amount not exceeding the amount of One Million Dollars ($1,000,-
000.00) and to evidence such borrowing by the issuance and sale
upon its full faith and credit of its serial maturity, general obligation
coupon bond in like par amount, upon terms and conditions herein-
after set forth. Such bonds may be issued from time to time, in
one or more groups or series as funds for such construction, land
purchase and equipping of Regional Libraries become necessary, pro-
vided, however that the total debt which may be incurred pursuant
to the authority of this Act shall not exceed One Million Dollars
($1,000,000.00).

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 Regional County Libraries 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 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 install-
ments. Subject to the limitations herein contained, 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