1961] OF THE SENATE 39

SIONERS OF ANNE ARUNDEL COUNTY SELLS THE BONDS AU-
THORIZED UNDER SAID ACTS.

Favorable report adopted.

Amendments to House Bill No. 4
By Senator Phipps from the floor:

Amendment No. 1—In line 10 of the title of the third reading file
bill, immediately following the word "Acts", add the following: "; and to
authorize the County Commissioners of Anne Arundel County to con-
tribute to and for the use of the Anne Arundel General Hospital in the
City of Annapolis a sum not exceeding $600, 000., and to issue bonds
therefor, in order to finance in part a new addition, equipment and the
construction of alterations and improvements to said hospital".

Which amendment was read and adopted.

Amendment No. 2—Following line 21 of Section 2 on Page 2 of the
third reading file bill, insert the following:

"Sec. 2. And be it further enacted, That the County Commis-
sioners of Anne Arundel County are authorized and empowered to
raise, contribute and deliver to or for the use of Anne Arundel
General 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 addition, equipment and the construction of altera-
tions and improvements to said hospital; such contributions 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 au-
thorized to be issued shall be known as 'Anne Arundel General Hos-
pital 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 obligations 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 Commissioners 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 pur-
poses, a tax upon all the property assessed for county tax purposes,
within 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;
provided, 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 Commis-
sioners 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 advertisements inserted in at least two newspapers published
in said County, and in papers in nearby cities as directed by the
County Commissioners. The said Commissioners may adopt such
rules and regulations relating to said bonds and offering as they may
deem advisable. The proceeds derived from the sale of said bonds