938                              Laws of Maryland                       [Ch. 621

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 financing the improvement and construction of
primary county roads, the purchase of land necessary for said im-
provement and construction, storm drainage incident thereto and for
the preparation of plans and specifications necessary for such im-
provement and construction, shall be used exclusively and solely
for such enumerated purposes as defined and set forth in Section
1 of this Act.

Sec. 5. And be it further enacted, That the bonds hereby author-
ized 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 poyment 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 assessable 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, additional taxes shall be levied in the succeeding
fiscal year to make up any such deficiency. The County may apply
to the payment of principal and interest of any bonds issued here-
under 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 road construction, and
to the extent of any such funds received or receivable in any fiscal
year the taxes hereby required to be levied may be reduced pro-
portionately.

Sec. 6. And be it further enacted, That the County is hereby
further authorized and empowered, at any time and from time to time
to issue its bonds in the manner hereinabove described for the
purpose of refunding, upon purchase or redemption, any bonds
issued hereunder. The validity of any such refunding bonds shall
in no way be dependent upon or related to the validity or in-
validity of the obligations so refunded. The powers herein granted
with respect to the issuance of bonds, and also the limitations