J. MILLARD TAWES, GOVERNOR                           951

CHAPTER 634
(House Bill 455)

AN ACT to authorize and empower the County Commisioners for
Prince George's County, from time, to time, to borrow not exceed-
ing Ten Million Dollars ($10,000,000) in order to finance the con-
struction, acquisition, improvement or extension of public schools
in said County, as herein defined, and to effect such borrowing 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
provisions, conditions, maturities and all other details incident
or necessary 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; empowering said County, subject to certain limitations, to
sell said bonds at, above or below the par value thereof; empower-
ing 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; 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 allot-
ments, if any, will provide funds sufficient for the payment of
said maturing principal and interest; exempting said bonds and
said refunding bonds and the interest thereon from all State, county
and municipal taxation in the State of Maryland; and providing
that the power to incur indebtedness and issue bonds therefor
under the provisions of Chapter 634 of the Acts of the General
Assembly of Maryland of 1957 shall be continued.

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 for Prince George's 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 Prince George's County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development of
the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. and be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.