SPIRO T. AGNEW, Governor                          505

Sec. 8. 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 subject
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
indemnity as the County may think it proper and necessary to stipu-
late and require.

Sec. 9. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, their transfer, the inter-
est payable thereon, and the income derived therefrom in the hands
of the holders thereof from time to time (including any profit made
in the sale thereof) shall be and is hereby declared to be at all times
exempt from taxation of every kind and nature whatsoever by the
State of Maryland or by any of its political subdivisions, or by any
town or incorporated municipality or by any other public agency
within the State of Maryland.

Sec. 10. And be it further enacted, That the authority to borrow
money and issue bonds conferred on the County by this Act shall
be deemed to provide an additional and alternative authority for bor-
rowing money and shall be regarded as supplemental and additional
to powers conferred upon the County by other laws and shall not be
regarded as in derogation of any power now existing; and all Acts
of the General Assembly of Maryland heretofore passed authorizing
the County to borrow money are hereby continued to the extent that
the powers contained in such Acts have not heretofore been
exercised, and nothing herein contained shall be construed to impair,
in any way whatsoever, the validity of any bonds which may have
been issued by the County under the authority of any of said Acts, and
the validity of said bonds is hereby ratified, confirmed and approved.
This Act, being necessary for the welfare of the inhabitants of Prince
George's County, shall be liberally construed to effect the purposes
hereof. All Acts and parts of Acts inconsistent with the provisions
of this Act are hereby repealed to the extent of such inconsistency.

Sec. 11. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved April 14, 1967.

CHAPTER 208
(House Bill 172)

AN ACT to authorize and empower the County Commissioners
for Prince George's County, from time to time, to borrow not
exceeding Twenty-Five Million Dollars ($25,000,000) in order