1962] OF THE HOUSE OF DELEGATES 23

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. "

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

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
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 ad-
vance 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 Assembly of
Maryland of 1959 and Chapter 893 of the Acts of the General Assembly
of Maryland of 1961 shall be continued. "

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