1594                           LAWS OF MARYLAND                      [CH. 730

to the cost of constructing and equipping a non-profit nursing
home, and providing for the levy of taxes in Charles County for
the payment of principal and interest on such bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Charles County be and they are
hereby authorized and empowered to borrow at one time, or from
time to time, on the faith and credit of said County, a sum or sums
not exceeding in the aggregate Two Hundred Thousand Dollars
($200,000) and to issue and sell bonds therefor, the 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, 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 whatsoever.

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
provided further that any such bonds shall be issued on the serial
maturity plan; such resolution may fix the denomination or denomi-
nations in which said bonds shall be issued, the interest rate or
rates of said bonds or the manner of determining the same, the
manner and place of payment, the date, place and terms of the
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 con-
ferred 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 re-
main forever exempt from State, County and Municipal taxation
in the State of Maryland.

Sec. 4. And be it further enacted, That the proceeds of the
sale of said bonds shall be paid to the Treasurer of Charles County
and shall be placed in a special fund by the County Treasurer, and
shall be paid out by him only on warrants from the County Com-
missioners, which warrants shall be issued only upon proper
vouchers presented to the County Commissioners for the purposes
mentioned in Section 1 of this Act.

Sec. 5. And be it further enacted, That for the purpose of
paying the principal and interest of said bonds, the County Com-
missioners of Charles County are hereby authorized, empowered and
directed to levy in each year so long as any of said bonds are out-