1454                           LAWS OF MARYLAND                      [CH. 702

at any time, the County may issue additional bonds within the limita-
tions hereof for the purpose of evidencing the borrowing or OF addi-
tional funds for such County Health Department Building, pro-
vided the resolution for authorizing the additional bonds shall
so recite, but if the funds derived from the sale of any issue of said
bonds shall exceed the amount needed to finance the County Health
Department Building described in said resolution, the excess funds
so borrowed shall be applied by said County in payment of the next
principal maturity of the bonds so issued or to the redemption of any
part of said bonds, if the same shall have been made redeemable.

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 assessable property within
the corporate limits of the County in rate and amount sufficient to
provide for the payment, when due, of the interest 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 instrumen-
tality thereof, or from any other source, if such funds are granted for
the purpose of assisting the County in accomplishing any project
described in Section 1 hereof and to the extent of any such funds
received or receivable 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 further
authorized and empowered, at any time and from time to time to
issue its bonds in the manner hereinabove described for the purpose
of refunding, upon purchase or redemption, any bonds issued here-
under. The validity of any such refunding bonds shall in no way be
dependent upon or related to the validity or invalidity of the obliga-
tions so refunded. The powers herein granted with respect to the
issuance of bonds, and also the limitations herein on such powers shall
be applicable 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 ma-
turity of any outstanding bonds issued hereunder which are, by their
terms, redeemable. The resolution authorizing the issue of any such
refunding bonds shall describe the issue or issues of bonds of the
County so to be refunded, and no issue of such refunding bonds shall
exceed in amount the par amount of such bonds so described in said
resolution. No such refunding bonds shall actually be delivered to
the purchaser or purchasers thereof more than six (6) months in
advance of redemption date or dates of bonds to be redeemed and
refunded and the proceeds of the sale of any such refunding bonds
shall be segregated and set apart by the County as a separate trust