936                              Laws of Maryland                       [Ch. 621

struction of primary county roads, the purchase of land necessary
for said improvements and construction, storm drainage incident
thereto and for the preparation of plans and specifications neces-
sary for such improvements and construction, as defined and set
forth 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
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 bonds in like par amount, upon
the terms and conidtions CONDITION hereinafter set forth. Such
bonds may be issued from time to time, in one or more groups or
series, as funds for such improvement and construction of primary
county roads, the purchase of land necessary for said improvements
and construction, storm drainage incident thereto and for the prepa-
ration of plans and specifications necessary for such improvements
and construction as defined in Section 1, provided, 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 is-
suing any bonds pursuant to the authority of this Act, adopt a
resolution describing the improvement and construction of primary
county roads, the purchase of land necessary for said improve-
ments and construction, storm drainage incident thereto and for
the preparation of plans and specifications necessary for such
improvements and construction for which said borrowing or indebt-
edness is intended, the amount needed for said purposes, and de-
termining 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 thirty 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 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 said bonds may, by said resolution, be made
redeemable before maturity, at the option of the County, at such
price or prices and under such terms and conditions as may be
fixed by said County, either in said resolution or in subsequent