506                              LAWS OF MARYLAND                     [CH. 208

to finance the construction, acquisition, improvement or exten-
sion of public schools in said County, as herein defined, and to
effect such borrowing by the issuance and sale to the highest
bidder or bidders at public sale of its general obligation, serial
maturity coupon bonds in like par amount; empowering said
County to fix and determine, by resolution, the form, tenor,
interest rates or method of arriving at the same, terms, includ-
ing redemption and registration provisions, conditions, maturi-
ties and all other details incident or necessary to the issuance,
public sale and delivery of said bonds, without reference to any
other law heretofore enacted; prescribing the method and man-
ner of selling said bonds at public sale; empowering said County,
subject to certain limitations, to sell said bonds at, above or below
the par value thereof; empowering said County to refund any
of said bonds purchased or redeemed in advance of maturity;
empowering and directing said County to apply to the payment
of principal and interest of said bonds and said refunding bonds
any funds received from the State of Maryland and the United
States of America, which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in addi-
tion to the State and Federal allotments, if any, will provide funds
sufficient for the payment of said maturing principal and interest;
exempting said bonds and said refunding bonds and the interest
thereon from all State, county and municipal taxation in the State
of Maryland; and providing that the power to incur indebtedness
and issue bonds therefor under the provisions of this Act is addi-
tional and alternative authority for borrowing money and shall be
regarded as supplemental and additional to powers conferred upon
the County by other laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners for Prince George's County, and the term "public schools"
shall include the construction, reconstruction, improvement, exten-
sion, acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Prince George's County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development of
the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board of
Education of Prince George's County and, 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 Twenty-Five
Million Dollars ($25,000,000) 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