SPIRO T. AGNEW, Governor                      1511

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 transit 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 transit facilities. In the event the amounts so borrowed
shall prove inadequate for the financing of any such transit facili-
ties, 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 transit facilities, provided the reso-
lution 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 transit 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. 5. And be it further enacted, That the bonds hereby author-
ized 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 prop-
erty 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 received
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 transit facilities, as defined herein, and (ii) any
tax receipts or other funds which may be properly allocable 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.

Sec. 6. And be it further enacted, That the County is hereby further
authorized and empowered, at any time and from time to time to issue
its bonds in the manner hereinabove described for the purpose of
refunding, upon purchase or redemption, any bonds issued hereunder.
The validity of any such refunding bonds shall in no way be de-
pendent upon or related to the validity or invalidity of the obliga-
tions so refunded. The powers herein granted with respect to the