J. MILLARD TAWES, Governor 29

SECTION 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County
Commissioners for Prince George's County, and the term "public
schools" shall include the construction, reconstruction, improve-
ments, extension, acquisition, alteration, repair and modernization
of public school buildings or buildings for school purposes in Prince
George's County, including sites therefor, the cost of acquiring
any such sites, architectural and engineering services, including
preparation of plans, drawings and specifications for such schools
and the development of the grounds and landscaping thereof, and
all customary permanent appurtenances and recreational and peda-
gogical equipment for such schools.

SEC. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board
of Education of Prince George's County and, in order to make
such financing possible, said County is hereby granted the power
and authority to borrow money and incur indebtedness for such
purpose, from time to time, in an amount not exceeding the sum
of Fifteen Million Dollars ($15, 000, 000) and to evidence such bor-
rowing by the issuance and sale upon its full faith and credit of
its serial maturity, general obligation coupon bonds in like par
amount, upon the terms and conditions hereinafter set forth. Such
bonds may be issued from time to time, in one or more groups or
series, as funds for such public school construction or acquisition
become necessary, provided, however, that the total debt which
may be incurred pursuant to the authority of this Act shall not
exceed Fifteen Million Dollars ($15, 000, 000).

SEC. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing generally by classes the public school or schools for which
said borrowing or indebtedness is intended, the amount needed for
said purposes, and determining to borrow money or incur indebted-
ness for all or a part of the amount so needed, and to issue its bonds
to evidence such borrowing or indebtedness. Each series or group of
said bonds shall be issued to mature in annual serial installments,
the last installment to mature not later than thirty (30) years from
the date of issue of said group or series. In said resolution, said
County shall fix the annual serial maturity plan with respect to the
bonds to be issued thereunder and said annual serial maturities shall
be so fixed as to conform to the general financial plans of the
County but need not be in equal par amounts or in consecutive
annual installments. Subject to the limitations herein contained,
said County shall have and is hereby granted full and complete
authority and discretion to fix and determine, in said resolution, the
form and tenor of any such bonds, the rate or rates of interest
payable thereon, or the method of arriving at the same, the date or
dates upon which said bonds shall respectively mature and be payable,
the manner of selling said bonds at public sale, and generally all
matters incident or necessary to the issuance, sale and delivery
thereof. The bonds of each such issue shall be dated, shall bear
interest at such rate or rates not exceeding six per centum (6%) per
annum, payable semi-annually, shall mature at such time or times