1658                              Laws of Maryland                       [Ch. 896

and equipping of a library building and for the acquisition of a site,
to be selected by said Association, for the library building, PRO-
VIDED HOWEVER, THAT NO PORTION OF THE BONDS AU-
THORIZED UNDER THIS ACT SHALL BE SOLD UNLESS
AND UNTIL THE ANNAPOLIS-ANNE ARUNDEL PUBLIC LI-
BRARY ASSOCIATION, INC. SHALL HAVE SECURED BY CON-
TRIBUTIONS OR OTHERWISE, A SUM OF MONEY AT LEAST
EQUAL TO THE AMOUNT OF BONDS THEN PROPOSED TO
BE SOLD. A CERTIFICATION SHALL BE MADE TO THE
BOARD OF COUNTY COMMISSIONERS OF ANNE ARUNDEL
COUNTY THAT AT LEAST THIS REQUIRED SUM OF MONEY
IS DEPOSITED IN SOME BANK OR TRUST COMPANY IN
ANNE ARUNDEL COUNTY FOR THE PURPOSE OF PROVID-
ING AN EQUAL AND MATCHING SUM ON THE PART OF THE
ANNAPOLIS-ANNE ARUNDEL PUBLIC LIBRARY ASSOCIA-
TION, INC., PRIOR TO THE ISSUE OF AND SALE OF ANY
SUCH BONDS.

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
from the State of Maryland, the United States of America, any
agency or instrumentality thereof, or from any other source, if such
funds are granted for the purpose of assisting the County in library
construction, and to the extent of any such funds received or re-
ceivable in any fiscal year the taxes hereby required to be levied may
be reduced proportionately.

Sec. 6. And be it further enacted, That the County is hereby au-
thorized and empowered, at any time and from time to time to issue
its bonds in the manner hereinabove described for the purpose of re-
funding, upon purchase or redemption, any bonds issued hereunder.
The validity of any such refunding bonds shall in no way be de-
pendent upon or related to the validity or invalidity of the obligations
so refunded. The powers herein granted with respect to the issuance
of bonds, and also the limitations herein on such powers shall be ap-
plicable to the issuance of refunding bonds. Said refunding bonds
may be issued by the County for the purpose of providing it with
funds to purchase in the open market any of its outstanding bonds
issued hereunder, prior to the maturity thereof, or for the purpose of
providing it with funds for the redemption prior to maturity of any
outstanding bonds issued hereunder which are, by their terms, re-
deemable. The resolution authorizing the issue of any such refunding
bonds shall describe the issue or issues of bonds of the County so to