1366                           laws of Maryland                       ch. 688

no Director of the Trust, his duties and powers shall devolve upon
the Chairman.

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

Approved May 7, 1968.

CHAPTER 688
(House Bill 547)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not exceed-
ing Nine Million Seven Hundred Fifty Thousand Dollars ($9,750,
000) TWELVE MILLION TWO HUNDRED FIFTY THOUSAND
DOLLARS ($12,250,000) in order to finance the construction, ac-
quisition, improvement or extension of certain public facilities, 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; em-
powering said County to fix and determine, by resolution, the form
tenor, interest rate or method of arriving at the same, terms, includ-
ing redemption and registration provisions, conditions, maturities
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 manner of selling
said bonds at public sale; empowering said County, subject to cer-
tain 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 re-
ceived from the State of Maryland and the United States of
America, which may be properly allocable to said purpose; em-
powering 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 suf-
ficient 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 facili-
ties" shall mean the following:

(a) the construction, improvement, repair, opening, relocation,
grading, resurfacing, widening, extension and drainage of all public
roads, streets, highways and sidewalks in the County now or here-