J. MILLARD TAWES, GOVERNOR                             963

funded and no issue of such refunding bonds shall exceed in par
amount the par amount of such bonds so described in said resolution.
No such refunding bonds shall actually be delivered to the purchaser
or purchasers thereof, more than six (6) months in advance of redemp-
tion date or dates of bonds to be redeemed and refunded and the
proceeds of the sale of any such refunding bonds shall be segregated
and set apart by the County as a separate trust fund to be used
solely for the purpose of paying the purchase or redemption prices
of the bonds to be refunded.

Sec. 5. And be it further enacted, That, in the issuance of any of
the bonds authorized hereby, the County may, prior to the prepara-
tion of definitive bonds or obligations, issue interim certificates or
temporary bonds, with or without coupons, exchangeable for definitive
bonds when such bonds or obligations have been executed and are
available for delivery, provided, however, that any such interim
certificates or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The County
may, by appropriate resolution, provide for the replacement of any
bonds issued hereunder which shall have become mutilated or be
destroyed or lost upon such conditions and after receiving such
indemnity as the Board of County Commissioners may think it proper
and necessary to stipulate and require.

Sec. 6. nd AND be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the holders
thereof from time to time, shall be and is hereby declared to be
exempt from State, county and municipal taxation of every kind and
nature whatsoever in the State of Maryland,

Sec. 7. And be it further enacted. That this Act shall be deemed
to provide an additional and alternative method for the doing of the
things authorized hereby and shall be regarded as supplemental and
additional to powers conferred by other laws, and shall not be re-
garded as in derogation of any powers now existing. This Act
being necessary for the welfare of the inhabitants of Prince George's
County, shall be liberally construed to effect the purposes hereof. All
Acts and parts of Acts inconsistent with the provisions of this Act,
are hereby repealed to the extent of such inconsistency.

Sec. 8. And be it further enacted, That the authority to borrow
money and to issue bonds conferred on the County by Chapter 10
of the Acts of the General Assembly of Maryland passed at its Extra-
ordinary Session in the year 1956, is hereby continued to the extent
that the same has not heretofore been exercised, and nothing herein
contained shall be construed to impair, in any way whatsoever, the
validity of the bonds which may be issued by the County under the
authority of said Act.

Sec. 9. And be it further enacted, That this Act shall take effect
on the first day of June, 1959.

Approved April 28, 1959.