1476                            LAWS OF MARYLAND                      [CH. 888

ject to the restrictions and requirements set forth herein. The
County may, by appropriate resolution, provide for the replace-
ment of any bonds issued hereunder which shall have become
mutilated or be destroyed or lost upon such conditions and after
receiving such indemnity 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, their transfer and the
income therefrom (including any profit made on the sale thereof)
shall at all times be free from taxation by the State of Maryland
or by any of its political subdivisions, or by any town or incorporated
municipality or by any other public agency within the State of Mary-
land.

Sec. 9. And be it further enacted, That the authority to borrow
money and issue bonds conferred on the County by this Act shall
be deemed to provide an additional and alternative authority for
borrowing money and shall be regarded as supplemental and addi-
tional to powers conferred upon the County by other laws and shall
not be regarded as in derogation of any power now existing; and all
Acts of the General Assembly of Maryland heretofore passed au-
thorizing the County to borrow money are hereby continued to the
extent that the powers contained in such acts have not heretofore
been exercised, and nothing herein contained shall be construed to
impair, in any way whatsoever, the validity of any bonds which
may have been issued by the County under the authority of any of
said Acts, and the validity of said bonds is hereby ratified, confirmed
and approved.

Sec. 10. And be it further enacted, That this Act shall take effect
on the first day of June, 1965.

Approved May 4, 1965.

CHAPTER 888
(House Bill 567)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not exceed-
ing Fourteen Million Dollars ($14,000,000) in order to finance the
construction, acquisition, improvement or extension of certain
public facilities, as herein defined, and to effect such borrowing
by the issuance and sale to the highest bidder or bidders at public
sale of its general obligation, serial maturity coupon bonds in
like par amount; empowering said County to fix and determine,
by resolution, the form, tenor, interest rate or method of arriving
at the same, terms, including redemption and registration pro-
visions, conditions, maturities and all other details incident or
necessary to the issuance, public sale and delivery of said bonds,
without reference to any other law heretofore enacted; prescribing
the method and manner of selling said bonds at public sale; em-
powering said County, subject to certain limitations, to sell said