686                              LAWS OF MARYLAND                      [CH. 487

ing parks, piers, boat slips, docks and other similar properties and
improvements. In all such cases, the term "public facilities" shall in-
clude the acquisition and development of sites for any of the specific
projects or facilities listed hereinabove, the architectural and engi-
neering services incident thereto and the acquisition and installation
of necessary furnishings and fixed permanent equipment therefor.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public fa-
cilities, as defined in Section 1 of this Act, 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 purposes,
from time to time, in an amount not exceeding the sum of Five Hun-
dred Thousand Dollars ($500,000) 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 facilities become necessary, provided, however, that
the total debt which may be incurred pursuant to the authority of
this Act shall not exceed Five Hundred Thousand Dollars ($500,000).

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 facilities for which said
borrowing or indebtedness is intended, the amount needed for said
purposes in the aggregate, and determining to borrow money or incur
indebtedness 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 resolu-
tion, said County shall fix the annual serial maturity plan with re-
spect 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 but need not be in equal par amounts or in con-
secutive annual installments. Subject to the limitations herein con-
tained, said County shall have and is hereby granted full and com-
plete 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 arriving at the same, the date or
dates upon which said bonds shall respectively mature and be pay-
able, 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 of each such issue shall be dated, shall bear inter-
est 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 option of the
County, at such price or prices and under such terms and conditions
as may be fixed by said County, either in said resolution or in sub-
sequent resolutions, but prior to the issuance of said bonds. The
principal of and the interest on said bonds may be made payable in
any lawful medium. Said resolution shall determine the form of said
bonds, including any interest coupons to be attached thereto, and the
manner of executing and sealing the same, which may be by facsimile,