1962] OF THE HOUSE OF DELEGATES 11

Druid Hill Park Zoo and the Baltimore Memorial Stadium, 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; to repeal and re-enact, with amendments, Section 2 of Chapter
376 of the Laws of Maryland of 1961, which Act authorized the Mayor
and City Council of Baltimore 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 Commissioners of Finance thereof relative to
the certificates of indebtedness which may be issued by said municipality
in connection with such borrowed funds, under and pursuant to the
terms and provisions of the aforementioned Acts of the General Assembly
of Maryland. "

Which was read the first time and referred to the Committee on Rules.

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

A Bill entitled "An Act to authorize and empower the County
Commissioners 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
enacted; 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 refund-
ing 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