J. MILLARD TAWES, GOVERNOR                         1689

CHAPTER 904
(House Bill 876)

AN ACT to authorize and empower the County Commissioners
for Prince George's County, from time to time, to borrow not
exceeding Sixty Thousand Dollars ($60,000) in order to finance the
construction, acquisition, and equipping of a library building in
the Tenth (Laurel) Election District of the County, and 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 provisions, 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;
prescribing 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; empower-
ing said County to refund any of said bonds purchased or re-
deemed 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 which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in ad-
dition to the State allotments, if any, will provide funds sufficient
for the payment of said maturing principal and interest; exempt-
ing said bonds and said refunding bonds and the interest thereon
from all State, county and municipal taxation in the State of
Maryland AND TO REQUIRE SITE SELECTION AND CON-
STRUCTION OF THE SAID LIBRARY BUILDING WITHIN A
CERTAIN TIME.

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 Com-
missioners for Prince George's County.

Sec. 2. And be it further enacted, That, the County is hereby au-
thorized and empowered to finance the construction of such library
building , ACQUISITION AND EQUIPPING OF A LIBRARY
BUILDING IN THE TENTH (LAUREL) ELECTION DISTRICT
OF THE COUNTY 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, from time to time, in an
amount not exceeding the sum of Sixty Thousand Dollars ($60,000)
and to evidence such borrowing 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

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.