954                              Laws of Maryland                       [Ch. 634

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 public school or schools described in said resolution above
required, in evidence of which any such bonds shall be issued, shall
be paid by the County to the Board of Education of Prince George's
County and, by said Board, shall be used exclusively and solely for
such public school or schools. In the event the amounts so borrowed
shall prove inadequate for the financing of any such public schools,
at any time, the County may issue additional bonds within the
limitations hereof for the purpose of evidencing the borrowing
of additional funds for any such public school, provided the resolu-
tion for authorizing the additional bonds shall so recite, but if the
funds derived from the sale of any issue of said bonds shall exceed
the amount needed to finance the public school or schools described
in said resolution, the excess funds so borrowed and not expended
by the Board of Education shall be returned to the County by said
Board and applied by said County in payment of the next principal
maturity of the bonds so issued or to the redemption of any part of
said bonds, if the same shall have been made redeemable, unless
said County shall adopt a resolution allocating said excess funds
to some other part of the school construction program of said Board
of Education.

Sec. 5. And be it further enacted, That the bonds hereby au-
thorized 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 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 hereunder 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 school construction, and to the extent of any such
funds received or receivable in any fiscal year the taxes hereby re-
quired to be levied may be reduced proportionately.

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 invalidity
of the obligations so refunded. The powers herein granted with
respect to the issuance of bonds, and also the limitations herein on
such powers shall be applicable to the issuance of refunding bonds.