142                              LAWS OF MARYLAND                      [CH. 103

funding bonds shall exceed in amount the par amount of such bonds
so described in said resolution. No such refunding bonds shall
actually be delivered to the purchaser or purchasers thereof more
than six (6) months in advance of redemption date or dates of bonds
to be redeemed and refunded and the proceeds of the sale of any
such refunding bonds shall be segregated and set apart by the
County as a separate trust fund to be used solely for the purpose
of paying the purchase or redemption prices of the bonds to be
refunded.

Sec. 7. And be it further enacted, That, in the issuance of any of
the bonds authorized hereby, the County may, prior to the prepara-
tion of definitive bonds or obligations, issue interim certificates or
temporary bonds, with or without coupons, exchangeable for defini-
tive bonds when such bonds or obligations have been executed and
are available for delivery, provided, however, that any such interim
certificates or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The County
may, by appropriate resolution, provide for the replacement of any
bonds issued hereunder which shall have become mutilated or be
destroyed or lost upon such conditions and after receiving such in-
demnity as the County may think it proper and necessary to stipu-
late and require.

Sec. 8. And be it further enacted, That any and all obligations is-
sued 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 incor-
porated municipality or by any other public agency within the
State of Maryland.

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
authorizing the County to borrow money are hereby continued
to the extent that the powers contained in such acts have not hereto-
fore been exercised, and nothing herein contained shall be con-
strued 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 rati-
fied, confirmed and approved. This Act, being necessary for the
welfare of the inhabitants of Prince George's County, shall be
liberally construed to effect the purposes hereof. All acts and parts
of acts inconsistent with the provisions of this Act are hereby re-
pealed to the extent of such inconsistency.

Sec. 10. And be it further enacted, That this Act shall take effect
on the first day of June, 1966.

Approved March 23, 1966.