J. MILLARD TAWES, Governor                     1421

and corporate of the State of Maryland known as the County Com-
missioners for Prince George's County, and the term "public schools"
shall include the construction, reconstruction, improvements, exten-
sion, acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Prince George's County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development
of the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board
of Education of Prince George's 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 Twenty-
Five Million Dollars ($25,000,000) 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 forth. Such bonds may be
issued from time to time, in one or more groups or series, as funds
for such public school construction or acquisition become necessary,
provided, however, that the total debt which may be incurred pur-
suant to the authority of this Act shall not exceed Twenty-Five
Million Dollars ($25,000,000).

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing generally by classes the public school or schools for
which said borrowing or indebtedness is intended, the amount needed
for said purposes, and determining to borrow money or incur in-
debtedness for all or a part of the amount so needed, and to issue
its bonds to evidence such borrowing or indebtedness. Each series
or group of said bonds shall be issued to mature in annual serial
installments, the last installment to mature not later than thirty
(30) years from the date of issue of said group or series. In said
resolution, said County shall fix the annual serial maturity plan with
respect to the bonds to be issued thereunder and said annual serial
maturities shall be so fixed as to conform to the general financial
plans of the County but need not be in equal par amounts or in con-
secutive annual installments. Subject to the limitations herein con-
tained, said County shall have and is hereby granted full and
complete authority and discretion to fix and determine, in said
resolution, the form and tenor of any such bonds, the rate or rates
of interest payable thereon, or the method of arriving at the same,
the date or dates upon which said bonds shall respectively mature
and be payable, the manner of selling said bonds at public sale, and
generally all matters incident or necessary to the issuance, sale and
delivery thereof. The bonds of each such issue shall be dated, shall
bear interest at such rate or rates not exceeding six per centum (6% )
per annum, payable semi-annually, shall mature at such time or