J. MILLARD TAWES, Governor 31

good faith deposit in a fixed or determinable amount as security for
compliance by the bidder with his bid. Said notice shall refer to this
Act as authority for the bonds and shall state the date of issue of
the bonds offered, the total aggregate par amount thereof, the sched-
ule of maturities thereof, the interest payable thereon, or the method
of determining the same, the purpose to which the proceeds thereof
will be devoted, and the general form thereof, including a statement
whether said bonds will be redeemable, will be in coupon or registered
form, and whether the same will be registerable as to principal, or
as to both principal and interest. Each such notice of sale shall also
contain a brief summary of the current financial condition of the
County or shall indicate where such a statement may be obtained and,
finally, shall reserve unto the County the right to reject any or all bids
received. In lieu of publishing said entire notice of sale, the County
may, if it shall so elect in said resolution, publish a brief summary
of said notice which need not contain all the information required
for said notice of sale but which shall state where interested parties
may obtain a complete copy thereof.

SEC. 4. And be it further enacted, That the money so borrowed
for the public school or schools described in said resolution above
required, in evidence of which any such bonds shall be issued, shall
be paid by the County to the Board of Education of Prince George's
County and, by said Board, shall be used exclusively and solely for
such public school or schools. In the event the amounts so borrowed
shall prove inadequate for the financing of any such public schools,
at any time, the County may issue additional bonds within the limita-
tions hereof for the purpose of evidencing the borrowing of addi-
tional funds for any such public school, provided the resolution for
authorizing the additional bonds shall so recite, but if the funds de-
rived from the sale of any issue of said bonds shall exceed the amount
needed to finance the public school or schools described in said resolu-
tion, the excess funds so borrowed and not expended by the Board of
Education shall be returned to the County by said Board and ap-
plied by said County in payment of the next principal maturity of
the bonds so issued or to the redemption of any part of said bonds,
if the same shall have been made redeemable, unless said County shall
adopt a resolution allocating said excess funds to some other part
of the school construction program of said Board of Education.

SEC. 5. And be it further enacted, That the bonds hereby authorized
shall constitute, and they shall so recite, an irrevocable pledge of the
full faith and credit and unlimited taxing power of the County to the
payment of the maturing principal and interest of such bonds as and
when the same respectively mature. In each and every fiscal year
that any of said bonds are outstanding, the County shall levy or
cause to be levied ad valorem taxes upon all the assessable property
within the corporate limits of the county in rate and amount sufficient
to provide for the payment, when due, of the interest and principal
of all said bonds maturing in each such fiscal year and in the event
the proceeds from the taxes so levied in any such fiscal year shall
prove inadequate for the above purposes, additional taxes shall be
levied in the succeeding fiscal year to make up any such deficiency.
The County may apply to the payment of principal and interest of any
bonds issued hereunder any funds received by it from the State of
Maryland, the United States of America, any agency or instrumen-