J. MILLARD TAWES, Governor 61

for a library building and the construction and equipping of said
library building in Anne Arundel County; 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 pro-
visions, 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 heretofore enacted; prescrib-
ing 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; 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; and 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.

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 of Anne Arundel County.

SEC. 2. And "be it further enacted. That the County is hereby au-
thorized and empowered to finance the acquisition of a site for a
library building and the construction and equipping of said library
building in Anne Arundel County, for the use of the Annapolis-
Anne Arundel Public Library Association, Inc. 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 in an amount not exceeding the sum of Three Hundred
Eighty-two Thousand Dollars ($382, 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.

SEC. 3. And be it further enacted, That, subject to the aforegoing
limitations, the County shall, before borrowing any money or issu-
ing any bonds pursuant to the authority of this Act, adopt a resolu-
tion describing the library building for which said borrowing or
indebtedness is intended, the amount needed for said purposes, and
determining to borrow money or incur indebtedness for the amount
so needed, and to issue its bonds to evidence such borrowing or
indebtedness. 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. In said resolution, said County
shall fix the annual serial maturity plan with respect to the bonds