J. MILLARD TAWES, Governor                      393

County; to authorize and direct the County Commissioners of Cecil
County to provide for the payment of the maturing principal of
and the interest on any bond issued hereunder by the annual levy,
until all of said bonds and the interest thereon, shall have been
paid or provisions made for their payment, of ad valorem taxes
upon all property subject to assessment for taxation in said County,
said taxes to be in rate and amount sufficient for said purpose.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Cecil County be and it is hereby
authorized and empowered to borrow upon its full faith and credit,
during the periods of time and in the manner hereinafter specified,
an aggregate sum not exceeding One Million Five Hundred Thousand
Dollars ($1,500,000), and to evidence such borrowing by the issue
and sale as herein prescribed of the general obligation bonds of the
County in like face amount. The money borrowed pursuant to the
authority hereby conferred shall be expended in the manner herein-
after described solely for the purpose of financing the erection of a
new county office building in the County, including the purchase of
land therefor, and for appurtenant facilities, the payment of archi-
tects' and other professional fees in connection therewith, the altera-
tion or repairing of existing jail facilities in the County and the
equipment of all such buildings, provided however, that expenditures
on alterations and repair of jail facilities shall not exceed Twenty
Five Thousand Dollars ($25,000) of the total sum authorized.

Sec. 2. And be it further enacted, Subject to the limitations herein
contained, the bonds of each issue hereby authorized shall be dated,
shall bear interest at such rate or rates, shall mature at such time or
times not exceeding twenty (20) years from their date or dates, as
may be determined by the County Commissioners of Cecil County,
and may be made redeemable before maturity, at the option of the
County Commissioners, at such price or prices and under such terms
and conditions as may be fixed by the County Commissioners prior to
the issuance of said bonds. In the event any such issue of bonds shall
be issued to mature and be payable on the serial maturity plan, then
the schedule of maturities of said issue of bonds shall be so arranged
that one-twentieth (1/20) of the principal amount thereof shall ma-
ture and be retired in each consecutive year accounting from the date
of issue thereof. The interest to be borne by the bonds of any such is-
sue shall be limited to such rate or rates as will produce an average in-
terest cost on said bonds to the County of not exceeding five per
centum (5%) per annum. The County shall determine the form and
the manner of execution of any of said bonds, including any interest
coupons to be attached thereto, and shall fix the denomination or de-
nominations of the bonds and the place or places of payment of prin-
cipal or interest, which may be at any bank or trust company within
or without the State. The County Commissioners are hereby empow-
ered to provide that the County seal to be affixed to said bonds may be
imprinted thereon in facsimile, and that all signature and counter-
signature on said bonds and the coupons attached thereto may like-
wise be in facsimile except that at least one of said signature on each
bond shall be manually affixed. In case any official whose signature
or facsimile of whose signature shall appear on any such bonds or
coupons shall cease to be such official before the delivery of such
bonds, or shall become such an official between the date of issue and