J. MILLARD TAWES, Governor 63

form of notice of sale, which shall briefly outline said terms and
conditions in accordance with the provisions hereof. Said notice shall
be published at least twice in one or more daily or weekly newspapers
having a general circulation in the County, and may also be published
in one or more journals having a circulation primarily among banks
and investment bankers. The sale of said bonds shall be held not
sooner than ten (10) days following the first publication of said no-
tice. Said notice shall offer said bonds to the highest bidder or bidders
therefor, and shall state how said highest bidder or bidders will be
determined. Said notice of sale shall specify the date, place
and hour at which bids for said bonds will be received and opened
and the bonds awarded. It shall also specify that each bid shall be
made in writing by a sealed proposal and shall be accompanied by a
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 schedule
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 con-
tain 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 re-
ceived. 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 hereof.

SEC. 4. And be it further enacted, That the money so borrowed for
the library building described in said resolution above required, in
evidence of which any such bonds shall be issued, shall be paid by
the County to the Annapolis-Anne Arundel Public Library Associa-
tion Inc. to be used by said Association solely for the construction
and equipping of a library building and for the acquisition of a site,
to be selected by said Association, for the library building.

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 assess-
able property within the corporate limits of the County in rate and
amount sufficient to provide for the payment, when due, of the inter-
est 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