J. MILLARD TAWES, Governor                     1673

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,
redeemable. The resolution authorizing the issue of any such refund-
ing 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 resolu-
tion. No such refunding bonds shall actually be delivered to the pur-
chaser 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 fund to
be used solely for the purpose of paying the purchase or redemption
prices of the bonds to be refunded.

Sec. 7. And be it further enacted, That, in the issuance of any of
the bonds authorized hereby, the County may, prior to the prepara-
tion of definitive bonds or obligations, issue interim certificates or
temporary bonds, with or without coupons, exchangeable for defini-
tive bonds when such bonds or obligations have been executed and
are available for delivery, provided, however, that any such interim
certificates or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The County
may, by appropriate resolution, provide for the replacement of any
bonds issued hereunder which shall have become mutilated or be
destroyed or lost upon such conditions and after receiving such in-
demnity as the County may think it proper and necessary to stipulate
and require.

Sec. 8. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the holders
thereof from time to time, shall be and is hereby declared to be
exempt from State, county and municipal taxation of every kind
and nature whatsoever in the State of Maryland.

Sec. 9. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved May 6, 1963.

CHAPTER 797
(House Bill 706)

AN ACT to repeal and re-enact, with amendments, Section 406B of
Article 27 of the Annotated Code of Maryland (1962 Supplement),
title "Crimes and Punishments," subtitle "Minors—Possession of
Alcoholic Beverages in Worcester County and in Anne Arundel
County," providing that in Anne Arundel County the provisions
of Article 26 relating to Juvenile Causes shall apply to any vio-