SPIRO T. AGNEW, Governor                        1289

CHAPTER 644
(House Bill 129)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not exceed-
ing Thirty Million Dollars ($30,000,000) in order to finance the
construction, acquisition, improvement or extension of public
schools in said County, as herein defined, and to effect such borrow-
ing 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, including redemption and registration provi-
sions, conditions, maturities and all other details incident or neces-
sary to the issuance, public sale and delivery of said bonds, with-
out reference to any other law heretofore enacted; prescribing the
method and manner of selling said bonds at public sale; empower-
ing 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 addition to the State and Federal allotments, if any, will
provide funds sufficient for the payment of said maturing prin-
cipal 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 provi-
sions of this Act is additional and alternative authority for bor-
rowing money and shall be regarded as supplemental and addi-
tional 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,
architectural and engineering services, including preparation of
plans, drawings and specifications for such schools and the develop-
ment of the grounds and landscaping thereof, and all customary
permanent appurtenances and recreational and pedagogical equip-
ment 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,