1376                            LAWS OF MARYLAND                       CH. 689

be registrable as to principal, or as to both principal and interest.
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 com-
plete copy thereof.

Sec. 4. And be it further enacted, That the money so borrowed
for the public airport facilities and industrial parks 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 Com-
missioners for Prince George's County before such delivery) and
shall be used exclusively and solely for such public airport facilities
and industrial parks. In the event the amounts so borrowed shall
prove inadequate for the financing of any such public airport facil-
ities and industrial parks, at any time, the County may issue addi-
tional bonds within the limitations hereof for the purpose of evi-
dencing the borrowing of additional funds for any such public air-
port facilities and industrial parks, provided the resolution for au-
thorizing the additional bonds shall so recite, but if the funds de-
rived from the sale of any issue of said bonds shall exceed the amount
needed to finance the public airport facilities and industrial parks
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. 5. 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 (I) any funds re-
ceived by it from the State of Maryland, the United States of
America, any agency or instrumentality thereof, or from any other
source, if such funds are granted for the purpose of assisting the
County in the construction of public airport facilities and industrial
parks, as defined herein, AND (II) ANY REVENUES AND OTHER
FUNDS PROPERLY ALLOCATED TO SUCH PURPOSE and to
the extent of any such funds received or receivable in any fiscal year
the taxes hereby required to be levied may be reduced proportionately.