64                               LAWS OF MARYLAND                        [CH. 39

bonds. In addition there shall be deducted from said proceeds all
amounts received on account of accrued interest which shall be set
apart by the County Treasurer for application on account of the
first maturing interest liability on said bonds, and in addition said
County Treasurer shall set apart any premium received on the sale
of any issue of said bonds which shall be used for the purpose of
paying the principal thereof at maturity or on prior redemption.
The entire balance of said proceeds shall be retained by the County
Treasurer until needed to pay for the purposes specified in Section
1 hereof. Said payments for the aforesaid purposes, and for no
other purposes, shall be made from time to time by the County
Treasurer to the Union Hospital Board upon the order of the County
Commissioners of Cecil County. Said County Commissioners shall
not issue any such order except upon written notification from said
Union Hospital Board that in its best judgment and discretion an
expenditure for any of the aforesaid purposes is necessary, such
notification setting forth the approximate amount of each expendi-
ture and the specific use to be made of it. Said Union Hospital Board
shall receive and expend the money so paid to it only for the pur-
poses authorized by Section 1 hereof, and said Board shall account
for said money so paid to it and the expenditures thereof in the
same manner as it accounts for other moneys passing through its
hands. A member of the Board of County Commissioners shall serve
as Director on the Hospital Board. and all members of the Board
shall be residents of Cecil County.

Sec. 5. And be it further enacted, That for the purpose of pay-
ing the maturing principal of and interest on any bonds issued pur-
suant to the authority of this Act, and for the purpose of redeeming
said bonds prior to their respective maturities, the County Com-
missioners of Cecil County shall levy annually upon all property
within the corporate limits of said County, assessable for unlimited
taxation, ad valorem taxes in rate and amount sufficient to provide
for said purposes. In the event any such issue of bonds are sold as
term bonds, payable all at one time, said County Commissioners of
Cecil County shall, by the resolution authorizing said bonds, establish
a sinking fund in the custody and control of the County Treasurer,
and thereafter said County shall annually levy the ad valorem taxes
above prescribed in rate and amount sufficient to pay the interest on
said bonds, due in each year, and sufficient to pay into such sinking
fund or increments thereon, will be sufficient to provide for the pay-
ment in full of the principal of said term bonds at maturity. Pro-
vided further that no bonds shall be offered for sale before Jan-
uary 1, 1968, Two Million Dollars of said issue not to be offered for
sale until January 1, 1970.

Sec. 6. And be it further enacted, That this Act shall take effect
June 1, 1966.

Approved March 23, 1966.

CHAPTER 39
(Senate Bill 145)

AN ACT to repeal and re-enact, with amendments, Section 74 (g) of
Article 2B of the Annotated Code of Maryland (1965 Supplement),