J. MILLARD T AWES, Governor 51

money and incur indebtedness for such purpose, from time to time,
in such amounts as the County Commissioners may deem to be
necessary to carry on their work pursuant to this Chapter, and
to evidence such borrowing by the issuance and sale upon the
County's full faith and credit of serial maturity, general obliga-
tion coupon bonds in like par amounts, upon the terms and con-
ditions hereinafter set forth, but the total par value of such bonds
outstanding for all purposes under this Chapter, shall not at the
time or times of the issue of any part thereof exceed fourteen
per centum (14%) of the then assessed value of all real and per-
sonal property subject to assessment for unlimited taxation by
the County Commissioners within the drainage area defined in
Section 6A-3 for which such bonds are issued. Such bonds may
be issued from time to time, in one or more groups or series, as
funds for the construction of storm water or surface water drain-
age systems become necessary.

6A-7. Subject to the foregoing limitations, the County Commis-
sioners shall, before borrowing any money or issuing any bonds
pursuant to the authority of this Chapter, adopt a resolution de-
scribing generally the storm water or surface water drainage system
or systems for which said borrowing or indebtedness is intended,
the amount needed for said purposes, and determining to borrow
money or incur indebtedness for all or a part of the amount so
needed, and to issue 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 forty (40) years from the date of issue of said group or series.
In said resolution, the County Commissioners 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 Anne Arundel County but need not be
in equal par amounts or in consecutive annual installments. Subject
to the limitations herein contained, said County Commissioners shall
have and are hereby granted full and complete authority and dis-
cretion 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 as may be determined by
said resolution, and said bonds may, by said resolution, be made
redeemable before maturity, at the option of the County Commis-
sioners, at such price or prices and under such terms and conditions
as may be fixed by said County Commissioners, either in said resolu-
tion or in subsequent resolutions, but prior to the issuance of said
bonds. The principal of and the interest on said bonds may be made
payable in any lawful medium. Said resolution shall determine the
form of said bonds, including any interest coupons to be attached
thereto, and the manner of executing and sealing the same, which
may be by facsimile, and shall fix the denomination or denominations
of the bonds and the place or places of payment of the principal and