J. MILLARD TAWES, GOVERNOR                             1661

Sec. 3. And be it further enacted, That the bonds hereby authorized
to be issued shall be known as "Anne Arundel General Hospital
Bonds of 1961", in an aggregate sum not exceeding $800,000.00, and
said bonds shall bear interest at a rate not exceeding four per cent
(4%), payable semi-annually; shall mature serially over a period
of thirty (30) years, the amounts of maturities to be fixed by said
Commissioners, said bonds shall be the general obligations of Anne
Arundel County, exempt from State, County and municipal taxation
within the State of Maryland, and in such form as may be adopted or
prescribed by said County Commissioners of Anne Arundel County.
The Board of County Commissioners of Anne Arundel County shall
levy annually, at the time taxes are levied for general county purposes,
a tax upon all the property assessed for county tax purposes, within
the said County, in an amount sufficient to meet the principal and
interest of said bonds so long as any of them shall be outstanding;
provided, however, that if the interest matures on any one or more
of said issues before the annual levy, or before a sufficient amount of
taxes levied for the purposes of paying said interest is collected, the
said County Commissioners may pay said interest out of the proceeds
of the sale of said issue or issues. The County Commissioners shall
offer said bonds for sale to the highest bidder by sealed bids delivered
at a place and time mentioned and described in one or more advertise-
ments inserted in at least two newspapers published in said County,
and in papers in nearby cities as directed by the County Commis-
sioners. The said Commissioners may adopt such rules and regula-
tions relating to said bonds and offering as they may deem advisable.
The proceeds derived from sale of said bonds up to and including the
sum of $400,000.00, and after payment of the cost of issuance thereof,
shall be paid over to the Board of Managers of The Annapolis Emer-
gency Hospital Association, Inc., and shall be used for payment in
part of the cost of erecting an addition and alterations, improvements
and enlargement to Anne Arundel General Hospital at Annapolis;
and the proceeds up to the sum $400,000.00 may be paid over at any
time within ten years from the effective date of this Act toward the
erection and furnishing of a hospital which, in the judgment of said
Commissioners, will make general hospital facilities available to
residents of northern Anne Arundel County PROVIDED HOWEVER
THAT NO PORTION OF THE BONDS AUTHORIZED UNDER
THIS ACT SHALL BE SOLD UNLESS AND UNTIL THE PAR-
TICULAR HOSPITAL INVOLVED HAS SECURED BY CONTRI-
BUTIONS 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 DE-
POSITED IN SOME BANK OR TRUST COMPANY IN ANNE
ARUNDEL COUNTY FOR THE PURPOSE OF PROVIDING AN
EQUAL AND MATCHING SUM ON THE PART OF THE PAR-
TICULAR HOSPITAL, PRIOR TO THE ISSUE OF AND SALE
OF AND SUCH BONDS.

Sec. 4. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved May 8, 1961.