SPIRO T. AGNEW, Governor                       657

sealed proposal and shall be accompanied by a good faith deposit
in a fixed or determinable amount as security for compliance by
the bidder with his bid. Said notice shall refer to this Act as author-
ity 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 payable 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 state-
ment whether said bonds will be redeemable, will be in coupon
or registered form, and whether the same will 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 con-
dition 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 publishing 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. 4. And be it further enacted, That the money so borrowed
for the recreational facilities described in said resolution above re-
quired, in evidence of which any such bonds shall be issued, shall
be used exclusively and solely for such recreational facilities. The
money so borrowed may SHALL be paid by the County to the Board
of Parks and Recreation of Harford County for expenditure on the
recreational facilities described in said resolution. In the event the
amounts so borrowed shall prove inadequate for the financing of
any such recreational 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 recrea-
tional facilities, provided the resolution for authorizing the addi-
tional 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 recreational facilities described in said resolution, the excess
funds so borrowed and not expended 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, unless said County shall adopt a reso-
lution allocating said excess funds to some other part of its pro-
gram for the construction and acquisition of recreational facilities.

Sec. 5. And be it further enacted, That the County may fix, re-
vise and collect, from time to time, fees, rents and other charges for
the use of any recreational facilities constructed or acquired with
the proceeds of bonds issued pursuant to the authority of this Act.
The County, by resolution, may delegate this power to fix, revise
and collect fees, rents and other charges to the Board of Parks and
Recreation of Harford County. It is the intention of this Act that
the recreational facilities constructed or acquired from the proceeds
of the bonds authorized hereby be self-supporting and self-liquidating
projects insofar as practicable. To this end, the County is hereby
directed to cause such fees, rents and other charges to be imposed,
fixed and adjusted from time to time so as to provide a fund suffi-
cient to pay (i) the cost of maintaining, repairing and operating
recreational facilities constructed or acquired from the proceeds of
the bonds authorized hereby and (ii) the principal of and the in-
terest on such bonds as the same shall become due and payable.