J. MILLARD TAWES, Governor                     1991

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 and the United
States of America, which may be properly allocable to said pur-
pose; and empowering and directing said County to contract to
levy and to levy, impose and collect annually ad valorem taxes
which, in addition to the State and Federal allotments, if any, will
provide funds sufficient for the payment of said maturing prin-
cipal and interest; exempting said bonds and said refunding bonds
and the interest thereon from all State, county and municipal taxa-
tion in the State of Maryland.

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 of Anne Arundel County.

Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the construction of a central
fire alarm system and to commence a fire training program in Anne
Arundel 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 in an amount not exceeding
the sum of Two Hundred Fifty Thousand Dollars ($250,000) 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.

Sec. 3. And be it further enacted, That, subject to the aforegoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolu-
tion describing the purpose for which said borrowing or indebted-
ness is intended, the amount needed for said purposes, and determin-
ing to borrow money or incur indebtedness for the amount so needed,
and to issue its bonds to evidence such borrowing or indebtedness.
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. In said resolution, said County shall fix the annual
serial maturity plan with respect to the bonds to be issued there-
under and said annual serial maturities shall be so fixed as to con-
form to the general financial plans of the County but need not be
in equal par amounts or in consecutive annual installments. Subject
to the limitations herein contained, 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 arriv-
ing at the same, the date or dates upon which said bonds shall respec-
tively 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 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 times as may be determined by said resolution, and said bonds
may, by said resolution, be made redeemable before maturity, at the