J. MILLARD TAWES, GOVERNOR 47

SEC. 2. AND BE IT FURTHER ENACTED, THAT THE COUN-
TY COMMISSIONERS OF ANNE ARUNDEL COUNTY ARE AU-
THORIZED AND EMPOWERED TO RAISE, CONTRIBUTE AND
DELIVER TO OR FOR THE USE OF ANNE ARUNDEL GEN-
ERAL HOSPITAL IN THE CITY OF ANNAPOLIS A SUM NOT
EXCEEDING $600, 000. TO BE USED AND APPLIED TO SAID
HOSPITAL IN ORDER TO FINANCE IN PART A NEW ADDI-
TION, EQUIPMENT AND THE CONSTRUCTION OF ALTERA-
TIONS AND IMPROVEMENTS TO SAID HOSPITAL; SUCH CON-
TRIBUTIONS TO BE PROVIDED BY THE ISSUE AND SALE OF
BONDS UPON THE FULL FAITH AND CREDIT OF ANNE
ARUNDEL COUNTY IN THE MANNER AND UPON THE
TERMS AND CONDITIONS HEREINAFTER SET FORTH.

SEC. 3. AND BE IT FURTHER ENACTED, THAT THE BONDS
HEREBY AUTHORIZED TO BE ISSUED SHALL BE KNOWN AS
"ANNE ARUNDEL GENERAL HOSPITAL BONDS OF 1961" IN
AN AGGREGATE SUM NOT EXCEEDING $600, 000. SAID BONDS
SHALL BEAR INTEREST AT A RATE NOT EXCEEDING FOUR
PERCENTUM PAYABLE SEMI-ANNUALLY; THEY SHALL
MATURE SERIALLY OVER A PERIOD OF THIRTY (30) YEARS,
THE AMOUNTS OF MATURITIES TO BE FIXED BY SAID COM-
MISSIONERS, SAID BONDS SHALL BE THE GENERAL OBLI-
GATIONS OF ANNE ARUNDEL COUNTY, EXEMPT FROM
STATE, COUNTY AND MUNICIPAL TAXATION WITHIN THE
STATE OF MARYLAND, AND IN SUCH FORM AS MAY BE
ADOPTED OR PRESCRIBED BY SAID COUNTY COMMIS-
SIONERS OF ANNE ARUNDEL COUNTY. THE BOARD OF
COUNTY COMMISSIONERS OF ANNE ARUNDEL COUNTY
SHALL LEVY ANNUALLY, AT THE TIME TAXES ARE LEVIED
FOR GENERAL COUNTY PURPOSES, A TAX UPON ALL THE
PROPERTY ASSESSED FOR COUNTY TAX PURPOSES, WITH-
IN THE SAID COUNTY, IN AN AMOUNT SUFFICIENT TO
MEET THE PRINCIPAL AND INTEREST OF SAID BONDS SO
LONG AS ANY OF THEM SHALL BE OUTSTANDING; PRO-
VIDED, HOWEVER, THAT IF THE INTEREST MATURES ON
ANY ONE OR MORE OF SAID ISSUES BEFORE THE ANNUAL
LEVY, OR BEFORE A SUFFICIENT AMOUNT OF TAXES
LEVIED FOR THE PURPOSES OF PAYING SAID INTEREST
IS COLLECTED, THE SAID COUNTY COMMISSIONERS MAY
PAY SAID INTEREST OUT OF THE PROCEEDS OF THE SALE
OF SAID ISSUE OR ISSUES. THE COUNTY COMMISSIONERS
SHALL OFFER SAID BONDS FOR SALE TO THE HIGHEST
BIDDER BY SEALED BIDS DELIVERED AT A PLACE AND
TIME MENTIONED AND DESCRIBED IN ONE OR MORE AD-
VERTISEMENTS INSERTED IN AT LEAST TWO NEWS-
PAPERS PUBLISHED IN SAID COUNTY, AND IN PAPERS IN
NEARBY CITIES AS DIRECTED BY THE COUNTY COMMIS-
SIONERS. THE SAID COMMISSIONERS MAY ADOPT SUCH
RULES AND REGULATIONS RELATING TO SAID BONDS AND
OFFERING AS THEY MAY DEEM ADVISABLE. THE PRO-
CEEDS DERIVED FROM THE SALE OF SAID BONDS UP TO
AND INCLUDING THE SUM OF $600, 000. SHALL BE PAID TO
OR FOR THE USE OF ANNE ARUNDEL GENERAL HOSPITAL
IN THE CITY OF ANNAPOLIS FOR THE PURPOSES IN THIS
ACT SPECIFIED.