126                             LAWS OF MARYLAND                        [CH. 95

establishment, extension, alteration or acquisition of adequate storm
drainage systems, and for the purpose of financing the design, acqui-
sition, establishment, improvement, extension, operation or altera-
tion of public parking facilities, or pedestrian malls, and for the
purpose of financing the design, acquisition, erection, construction,
improvement and maintenance of street and area lighting, to create
within their respective corporate limits special taxing districts for
such purposes and to levy on all real and personal property located
within said special taxing districts an ad valorem tax at a rate suffi-
cient to provide adequate annual revenues to pay the principal and
interest on any bonds or other obligations of such municipality issued
for such purposes as the said principal and interest may become due.
All such taxes shall be levied in the same manner, upon the same
assessments, for the same period or periods, and as of the same date *
or dates of finality as are now or may hereafter be prescribed.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved April 10, 1968.

CHAPTER 95
(Senate Bill 99)

AN ACT to repeal and re-enact, with amendments, Section 17 of
Article 25B of the Annotated Code of Maryland (1966 Replace-
ment Volume and 1967 Supplement), title "Home Rule for Code
Counties," subtitle "Creation of Public Debt by Code Counties,"
amending the home rule laws in order to correct an erroneous
reference therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 17 of Article 25B of the Annotated Code of Maryland
(1966 Replacement Volume and 1967 Supplement), title "Home Rule
for Code Counties," subtitle "Creation of Public Debt by Code
Counties," be and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

17.

All bonds issued by any code county in accordance with this sub-
title shall have and possess all the attributes of negotiable instru-
ments as provided in Section 8 of Article 31 of this Code and in
[section] subtitle 8 of Article 95B of this Code. The principal of and
interest on any bonds in the hands of the owner or owners thereof
from time to time shall be and remain exempt from taxation of any
kind or nature whatsoever by the State of Maryland and by any
county, municipal corporation, or other political subdivision thereof.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved April 10, 1968.