J. MILLARD TAWES, GOVERNOR                             1093

County to levy taxes on the assessable real property located in a
certain portion of Worcester County in order to provide funds for
the payment of interest and to pay the principal of these bonds as
they mature and become payable.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 68A of Article 24 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Worcester County", sub-title "Coun-
ty Commissioners", said section having been enacted by Chapter 554
of the Acts of 1959, be and it is hereby repealed.

Sec. 2. And be it further enacted, That the Board of County Com-
missioners of Worcester County is authorized to issue and sell serial
bonds upon the faith and credit of Worcester County in an amount
not exceeding two hundred seventy-five thousand dollars ($275,000)
for the purpose of defraying part of the cost of constructing a
bridge or a combination bridge and causeway, together with the ap-
proaches thereto, across Sinepuxent Bay between Assateague Island
and the mainland in the State of Maryland, this sum or any portion
thereof to be used in conjunction with monies supplied for the same
purpose by the State of Maryland, the State Roads Commission of
Maryland or from any other source or by any one or combination of
these agencies and sources. Such action of the Board of County Com-
missioners of Worcester County shall be by resolution of the Board
which sets forth in general terms the project for which the funds
are to be expended and the manner in which the proceeds shall be
spent, all in accordance herewith.

Sec. 3. And be it further enacted. That any bonds issued under
the provisions of this Act shall be in coupon form, but may be made
registerable as to principal, shall be issued on the serial annuity plan
and may in the discretion of the County Commissioners be made
callable upon such terms as they deem proper at any time after ten
(10) years from the date of their issue, and shall be known as

"Assateague Island Bridge Bonds of Worcester County of........................,"

inserting the year of issue; the Board of County Commissioners
shall by resolution adopt the form of said bonds, fixing the date of
issue, the denomination, place of payment, the maturities, provided
that none of said bonds shall mature more than twenty-five (25)
years from the date of issue, the rate of interest, or the manner of
determining the same when the bonds are offered for sale, the form
of advertisement and all of the other details in connection therewith.

Sec. 4. And be it further enacted, That said bonds may be sold at
one time or from time to time in such amount as may be determined
by the Board of County Commissioners of Worcester County, pro-
vided that the total principal amount of bonds issued hereunder shall
not exceed in the aggregate two hundred seventy-five thousand dollars
($275,000); they shall be sold in accordance with the provisions of
Article 31, Sections 9 to 11 of the Annotated Code of Maryland, as
amended, on such terms as the Board of County Commissioners of
Worcester County may determine, provided that none of said bonds
shall be sold at less than par and accrued interest, and the County
Commissioners shall have the right to reject any or all bids. Said
bonds shall be signed by the President of the Board of County Com-
missioners of Worcester County and shall be countersigned by the
Treasurer of said County and the corporate seal of the County shall
be affixed thereto; the interest coupons on said bonds shall be authen-