658                             LAWS OF MARYLAND                       CH. 437

Sec. 6. 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. All such bonds shall be
payable primarily from the fees, rents and other charges imposed
pursuant to Section 5 hereof, but if such fees, rents and other
charges are insufficient for such purpose, such bonds shall be pay-
able from unlimited ad valorem taxes levied upon all assessable
property within the County, and the resolution or resolutions of the
County authorizing the issuance of such bonds shall so provide. In
each and every fiscal year that any of such bonds are or will be
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 pay-
ment, when due, of the interest and principal of all such bonds
maturing in each such fiscal year. 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 shall apply
to the payment of principal and interest of any bonds issued here-
under any revenues received by it from the fees, rents and other
charges imposed pursuant to Section 5 hereof and may apply to such
payment any funds received by the County from the State of Mary-
land, 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 and acquisition
of recreational facilities, and to the extent of any such revenues and
funds received or receivable in any fiscal year the taxes hereby re-
quired to be levied may be reduced proportionately.

Sec. 7. 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 dependent upon or related to the validity or invalidity
of the obligations so refunded. The powers herein granted with re-
spect to the issuance of bonds, and also the limitations herein on
such powers shall be applicable to the issuance of refunding bonds.
Said refunding bonds may be issued by the County for the purpose
of providing it with funds to purchase in the open market any of
its outstanding bonds issued hereunder, prior to the maturity there-
of, or for the purpose of providing it with funds for the redemption
prior to maturity of any outstanding bonds issued hereunder which
are, by their terms, redeemable. The resolution authorizing the issue
of any such refunding bonds shall describe the issue or issues of
bonds of the County so to be refunded, and no issue of such refund-
ing bonds shall exceed in amount the par amount of such bonds so
described in said resolution. No such refunding bonds shall actually
be delivered to the purchaser or purchasers thereof more than six
(6) months in advance of redemption date or dates of bonds to be
redeemed and refunded and the proceeds of the sale of any such
refunding bonds shall be segregated and set apart by the County as
a separate trust fund to be used solely for the purpose of paying the
purchase or redemption prices of the bonds to be refunded.