SPIRO T. AGNEW, Governor                      655

parks, open space areas, recreational areas and any recreational
facilities to be placed under the control of the Board of Parks and
Recreation pursuant to the provisions of Section 226 of the Code of
Public Local Laws of Harford County (1965 Edition, being Article
13 of the Code of Public Local Laws of Maryland), sites therefor,
the cost of acquiring any such sites, buildings and other permanent
structures for recreational purposes, architectural and engineering
services (including preparation of plans, drawings and specifications
for such facilities), the development of the grounds and landscaping
of such facilities and all customary permanent appurtenances and
recreational equipment for such facilities.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of recreational
facilities, as defined in Section 1 of this Act, for the County's use
and the use of the Board of Parks and Recreation of Harford County
and, in order to make such financing possible, said County is hereby
granted the power and authority to borrow money and incur in-
debtedness for such purpose, from time to time, in an amount not
exceeding the sum of Five Hundred Thousand Dollars ($500,000)
and to evidence such borrowing by the issuance and sale upon its
full faith and credit of its serial maturity, general obligation coupon
bonds in like par amount, upon the terms and conditions hereinafter
set forth. Such bonds may be issued from time to time, in one or
more groups or series, as funds for the construction or acquisition
of such recreational facilities become necessary, provided, however,
that the total debt which may be incurred pursuant to the authority
of this Act shall not exceed Five Hundred Thousand Dollars
($500,000).

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a reso-
lution describing generally the recreational facilities for which said
borrowing or indebtedness is intended, the amount needed for said
purposes, and determining to borrow money or incur indebtedness
for all or a part of the amount so needed, and to issue its bonds to
evidence such borrowing or indebtedness. Each series or group of
said bonds shall be issued to mature in annual serial installments,
the last installment to mature not later than thirty (30) years from
the date of issue of said group or series. In said resolution, said
County shall fix the annual serial maturity plan with respect to the
bonds to be issued thereunder and said annual serial maturities
shall be so fixed as to conform to the general financial plans of the
County but need not be in equal par amounts or in consecutive an-
nual installments. Subject to the limitations herein contained, said
County shall have and is hereby granted full and complete authority
and discretion to fix and determine, in said resolution, the form
and tenor of any such bonds, the rate or rates of interest payable
thereon, or the method of arriving at the same, the date or dates
upon which said bonds shall respectively mature and be payable,
the manner of selling said bonds at public sale, and generally all
matters incident or necessary to the issuance, sale and delivery
thereof. The bonds of each such issue shall be dated, shall bear in-
terest at such rate or rates not exceeding six per centum (6%) per
annum, payable semi-annually, shall mature at such time or times
as may be determined by said resolution, and said bonds may, by