962                              Laws of Maryland                       [Ch. 638

the date of issue of the bonds offered, the total aggregate par amount
thereof, the interest payable thereon, or the method of determining
the same, generally 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 Board of County Commissioners
the right to reject any or all bids received. In lieu of publishing
said entire notice of sale, the Board of County Commissioners may,
if it shall so elect in said resolution, publish a brief summary of
said notice which summary need not contain all the information
required by law to be contained in said notice but which shall state
where interested parties may obtain a complete copy thereof.

Sec. 3. 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 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 suf-
ficient 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 for one of the projects described in
Section 1 hereof, any funds received by it from the State of Mary-
land, the United State 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 obtaining any such project
described in Section 1 hereof, 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 proportionately.

Sec. 4. 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 for the projects described in Section 1 hereof. 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. Said refunding bonds may be issued
by the County for the purpose of providing it with funds to purchase
in open market any of its outstanding bonds issued hereunder, prior
to the maturity thereof, or for the purpose of providing it with
funds for the redemption prior to maturity of any outstanding bonds
issued hereunder which are, by their terms redeemable. The resolu-
tion authorizing the issue of any such rounding REFUNDING bonds
shall describe the issue or issues of bonds of the County so to be re-