J. MILLARD TAWES, Governor                        91

fiscal year to make up any such deficiency. The County may apply
to the payment of principal and interest of any bonds issued here-
under any funds received by it from the State of Maryland, the
United States of America, any agency or instrumentality thereof,
or from any other source, if such funds are granted for the purpose
of assisting the County in public school construction, and to the
extent of any such funds received or receivable in any fiscal year
the taxes hereby required to be levied may be reduced proportionately.

Sec. 6. 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 sub-
ject 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. 7. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the
holders thereof from time to time, shall be and is hereby declared
to be exempt from State, county and municipal taxation of every
kind and nature whatsoever in the State of Maryland.

Sec. 8. And be it further enacted, That this Act shall take effect
on the first day of June, 1966.

Approved March 23, 1966.

CHAPTER 65
(Senate Bill 534)

AN ACT to repeal and re-enact, with amendments, Section 18 of
the Code of Public Local Laws of Allegany County (1963 Edition,
being Article 1 of the Code of Public Local Laws of Maryland),
title "Allegany County", subtitle "Circuit Court", to change the
number of annual terms of the Circuit Court for Allegany County,
the calling of jurors for such terms and to make other related
changes.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 18 of the Code of Public Local Laws of Allegany County
(1963 Edition, being Article 1 of the Code of Public Local Laws of
Maryland), title "Allegany County", subtitle "Circuit Court", be and
it is hereby repealed and re-enacted, with amendments, to read as
follows:

18.

There shall be [four regular common law] two annual terms of
the Circuit Court for Allegany County held at Cumberland, [two]