1962] OF THE HOUSE OF DELEGATES 21

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 the County to fix and determine, by
resolution, the form, tenor, interest rate (or method of arriving at the
same), terms, including redemption and registration of provisions, con-
ditions, maturities, and all other details incident or necessary to the
issuance, public sale and delivery of said bonds; 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 direct-
ing said County to contract to levy and to levy, impose and collect an-
nually ad valorem taxes which 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. "

Approved by the Rules Committee and referred to the Committee on
Ways and Means.

House Bill No. 6—By Mr. Mandel:

A Bill entitled "An Act to repeal and re-enact, with amendments,
Section 2 of Chapter 207 of the Laws of Maryland of 1961, which Act
authorized the Mayor and City Council of Baltimore to borrow $2, 150, -
000. 00 and to use the same to establish, construct and equip an incinera-
tor or reduction plant, authorizing said municipality or the Commis-
sioners 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 208 of the Laws of Mary-
land of 1961, which Act authorized the Mayor and City Council of
Baltimore to borrow $18, 500, 000. 00 and to use the same to extend, en-
large, develop and improve the municipal water supply and water system
of Baltimore City, 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 209 of the Laws of Maryland
of 1961, which Act authorized the Mayor and City Council of Baltimore
to borrow $5, 000, 000. 00 and to use the same to extend, enlarge, develop
and improve the Friendship International Airport, 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 210 of the Laws of Maryland of 1961, which Act authorized
the Mayor and City Council of Baltimore to borrow $3, 000, 000. 00 and
to use the same to establish, construct and equip a rehabilitation center
for alcoholics and indigents and a detention building for women, au-
thorizing 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 indebted-