1370                            LAWS OF MARYLAND                       CH. 688

amount as security for compliance by the bidder with his bid. Said
notice shall refer to this Act as authority for the bonds and shall
state the date of issue of the bonds offered, the total aggregate par
amount thereof, the schedule of maturities thereof, the interest pay-
able thereon or the method of determining the same, the purpose
to which the proceeds thereof will be devoted, and the general form
thereof, including a statement whether said bonds will be redeem-
able, will be in coupon or registered form, and whether the same
will be registrable as to principal, or as to both principal and inter-
est. Each such notice of sale shall also contain a brief summary of
the current financial condition of the County or shall indicate where
such a statement may be obtained and, finally, shall reserve unto the
County the right to reject any or all bids received. In lieu of pub-
lishing said entire notice of sale, the County may, if it shall so elect
in said resolution, publish a brief summary of said notice which need
not contain all the information required for said notice of sale but
which shall state where interested parties may obtain a complete
copy thereof.

Sec 5. And be it further enacted, That, the money so borrowed
for the public facilities described in said resolution above required,
in evidence of which any such bonds shall be issued, shall be paid
to the Treasurer of Prince George's County (or to such other official
of the County designated to receive such payment in a resolution
passed by the Board of County Commissioners for Prince George's
County before such delivery) and shall be used exclusively and solely
for such public facilities. In the event the amounts so borrowed
shall prove inadequate for the financing of any such public facilities,
at any time, the County may issue additional bonds within the
limitations hereof for the purpose of evidencing the borrowing of
additional funds for any such public facilities, provided the resolu-
tion for authorizing the additional bonds shall so recite, but if the
funds derived from the sale of any issue of said bonds shall exceed
the amount needed to finance the public facilities described in said
resolution, the excess funds so borrowed shall be applied by said
County in payment of the next principal maturity of the bonds so
issued or to the redemption of any part of said bonds, if the same
shall have been made redeemable.

Sec. 6. And be it further enacted, That, the bonds hereby au-
thorized shall constitute, and they shall so recite, an irrevocable
pledge of the full faith and credit and unlimited taxing power of
the County to the payment of the maturing principal and interest
of such bonds as and when the same respectively mature. In each
and every fiscal year that any of said bonds are outstanding, the
County shall levy or cause to be levied ad valorem taxes upon all
the assessable property within the corporate limits of the County in
rate and amount sufficient to provide for the payment, when due, of
the interest on and principal of all said bonds maturing in each such
fiscal year and in the event the proceeds from the taxes so levied
in any such fiscal year shall prove inadequate for the above purposes,
additional taxes shall be levied in the succeeding fiscal year to make
up any such deficiency. The County may apply to the payment of
principal and interest of any bonds issued hereunder any funds re-
ceived by it from the State of Maryland, the United States of Amer-
ica, any agency or instrumentality thereof, or from any other source,