1962] OF THE SENATE 135

to borrow $2, 000, 000. 00 and to use the same to establish, construct and
equip buildings and structures to be used by or for the Baltimore Urban
Renewal and Housing Agency, the Department of Welfare and a Central
Garage, respectively, authorizing said municipality or the Commissioners
of Finance thereof to determine the rate or rates of interest to be paid
in connection with such borrowed money and the form or forms of
certificates of indebtedness to be issued representing such debt, and
clarifying certain language used in said section; and relating generally
to the rate or rates of interest to be paid by the Mayor and City Council
of Baltimore in connection with money borrowed by it, and to the
powers of the Mayor and City Council of Baltimore and the Commis-
sioners of Finance thereof relative to the certificates of indebtedness
which may be issued by said municipality in connection with such bor-
rowed funds, under and pursuant to the terms and provisions of the
aforementioned Acts of the General Assembly of Maryland. "

Senator Delia, for the Rules Committee, recommended "House Bill
No. 6 be re-referred to the Finance Committee.

House Bill No. 7—By The Prince George's County Delegation:

A Bill entitled "An Act to authorize and empower the County Com-
missioners for Prince George's County, from time to time, to borrow
not exceeding Fifteen Million Dollars ($15, 000, 000) in order to finance
the construction, acquisition, improvement or extension of public schools
in said County, as herein defined, and to effect such borrowing by the
issuance and sale to the highest bidder or bidders at public sale of its
general obligation, serial maturity coupon bonds in like par amount;
empowering said County to fix and determine, by resolution, the form,
tenor, interest rate or method of arriving at the same, terms, including
redemption and registration provisions, conditions, maturities and all
other details incident or necessary to the issuance, public sale and de-
livery of said bonds, without reference to any other law heretofore en-
acted; prescribing the method and manner of selling said bonds at public
sale; empowering said County, (subject to certain limitations, to sell
said bonds at, above or below the par value thereof; empowering said
County to refund any of said bonds purchased or redeemed in advance
of maturity; empowering and directing said County to apply to the
payment of principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland and the United
States of America, which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to levy,
impose and collect annually ad valorem taxes which, in addition to
the State and Federal allotments, if any, will provide funds sufficient
for the payment of said maturing principal and interest; exempting
said bonds and said refunding bonds and the interest thereon from all
State, county and municipal taxation in the State of Maryland; and
providing that the power to incur indebtedness and issue bonds therefor
under the provisions of Chapter 634 of the Acts of the General As-
sembly of Maryland of 1959 and Chapter 893 of the Acts of the General
Assembly of Maryland of 1961 shall be continued. "

Senator Delia, for the Rules Committee, recommended House Bill
No. 7 be re-referred to the Finance Committee.

House Bill No. 8—By Mr. Mandel:

A Bill entitled "An Act to authorize the Mayor and City Council