SPIRO T. AGNEW, Governor

necessary permanent furnishings, fixed permanent equipment and
fire fighting equipment therefor;

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of fire engine
houses, as defined in Section 1 of this Act, for the use of those fire
companies for which taxes are levied pursuant to subtitle 32 of the
Code of Public Local Laws (1963 Edition, as amended, being Article
17 of the Code of Public Local Laws of Maryland). In order to make
such financing possible, said County is hereby granted the power and
authority to borrow money and incur indebtedness for such purpose,
from time to time, in an amount not exceeding the sum of Two
Million Five Hundred Thousand Dollars ($2,500,000) 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 fire engine houses become necessary, provided,
however, that the total debt which may be incurred pursuant to the
authority of this Act shall not exceed Two Million Five Hundred
Thousand Dollars ($2,500,000).

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 the fire engine houses 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 resolution, said County
shall fix the annual serial maturity plan with respect 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 consecutive annual install-
ments. Subject to the limitations herein contained, said County shall
have and is hereby granted full and complete 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 payable, 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 interest 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 deter-
mined 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 subsequent
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