28 LAWS OF MARYLAND [CH. 11

be, shall set forth in detail the dates when any of the bonds are to
mature and the amount to mature upon such dates.

SEC. 11. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immedi-
ate preservation of the public health and safety, and having been
passed by a yea and nay vote, supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly
of Maryland, the same shall take effect from the date of its passage-
Approved March 23, 1962.

CHAPTER 11
(House Bill 7)

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
delivery of said bonds, without reference to any other law here-
tofore 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; empower-
ing and directing said County to apply to the payment of prin-
cipal 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 pro-
vide 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 pro-
visions 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.

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.