J. MILLARD TAWES, Governor                      871

proceeds thereof to be used for the purpose of contributing to not to
exceed one third of the cost of constructing and equipping a Charles
County Non Profit Nursing Home, to be located on property on the

south side of Old State Coach Road between Spring Hill and Port

Tobacco, and to pay all expenses, including advertising, printing, and
legal fees, incurred in the issuance and sale of any bonds hereunder,
the said amount so borrowed to be used for no other purpose what-

soever.

THAT SECTION 39 OF THE CODE OF PUBLIC LOCAL LAWS
OF CHARLES COUNTY (1965 EDITION, BEING ARTICLE 9 OF
THE CODE OF PUBLIC LOCAL LAWS OF MARYLAND), TITLE
"CHARLES COUNTY", SUBTITLE "COUNTY COMMISSION-
ERS", BE AND IT IS HEREBY REPEALED AND RE-ENACTED,
WITH AMENDMENTS, TO READ AS FOLLOWS:

39.

(A)  THE COUNTY COMMISSIONERS OF CHARLES COUNTY
ARE AUTHORIZED AT THEIR DISCRETION TO MAINTAIN
AND OPERATE A NURSING HOME OR HOMES FOR CHARLES
COUNTY. THE OPERATION AND CONTROL SHALL BE EXER-
CISED THROUGH A BOARD OF TRUSTEES APPOINTED BY
THE COUNTY COMMISSIONERS.

(B)   THE COUNTY COMMISSIONERS ARE AUTHORIZED IN
THEIR DISCRETION TO APPROPRIATE A SUM OF MONEY
TO THE HOME, NOT TO EXCEED ONE HUNDRED AND
SIXTY-FIVE THOUSAND DOLLARS ($165,000.) ANNUALLY,
TO BE ADMINISTERED AND EXPENDED AS THE BOARD OF
TRUSTEES MAY DEEM PROPER.

Sec. 2. And be it further enacted, That said County Commis-

sioners shall by proper resolution fix the maturity or maturities of

any such bonds, provided, however, that no bonds so issued shall

mature later than twenty years from the date of their issue, and pro-
vided further that any such bonds shall be issued on the serial matu-
rity plan; such resolution may fix the denomination or denomina-
tions in which said bonds shall be issued, the interest rate or rates of
said bonds or the manner of determining the same, provided the rate
or rates of interest shall not exceed four per centum (4%) per annum,

sale of the bonds, and all details not herein otherwise provided for

with respect to the form, issuance and sale thereof; said bonds shall
be signed by the President of the County Commissioners and by the
Treasurer of Charles County, and the seal of said County shall be
affixed thereto. Said bonds may be made registrable as to principal.

Sec. 3. And be it further enacted, That any bonds issued here-

under may be sold, in the discretion of the County Commissioners,
at public or private sale, provided that no bonds shall be sold at less
than par; that any bonds sold under the authority hereby conferred
shall be exempted from the provisions of Sections 10 and 11 of Article
31 of the Annotated Code of Maryland (1957 Edition as amended
from time to time), and said bonds and the coupons attached thereto
and the interest payable thereon shall be and remain forever exempt
from State, County and Municipal taxation in the State of Maryland.