1472                            LAWS OF MARYLAND                      [CH. 887

to contract to levy and to levy, impose and collect annually ad
valorem taxes which, in addition to the State and Federal allot-
ments, if any, will provide funds sufficient for the payment of said
maturing principal and interest; exempting said bonds and said
refunding bonds and the interest thereon from all State, county
and municipal taxation in the State of Maryland; and providing
that the power to incur indebtedness and issue bonds therefor
under the provisions of this Act is additional and alternative au-
thority for borrowing money and shall be regarded as supplemental
and additional to powers conferred upon the County by other laws.

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 for Prince George's County, and the term "public schools"
shall include the construction, reconstruction, improvement, 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 au-
thority 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 Mil-
lion 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 indebted-
ness 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