MARVIN MANDEL, Governor 1153
Memorial Hospital, Inc., a Maryland corporation operating the
Harford Memorial Hospital in Havre de Grace, Harford County,
the furnishing of equipment used in connection therewith, and the
payment of architects and other professional fees in connection
therewith, and to effect such borrowing by the issuance and sale
to the highest bidder or bidders at public sale of its general obliga-
tion, serial maturity coupon bonds in like par amount; empowering
said County to fix and determine, by resolution, the form, tenor,
interest rate or method of arriving at the same, terms, including
redemption and registration provisions, conditions, maturities
and all other details incident or necessary to the issuance, public
sale and delivery of said bonds, without reference to any other
law heretofore enacted; prescribing the method and manner of
selling said bonds at public sale; empowering said County, sub-
ject to certain limitations, to sell said bonds at, above or below
the par value thereof; empowering said County to refund any
of said bonds purchased or redeemed in advance of maturity;
empowering and directing said County to apply to the payment of
principal and interest of said bonds and said refunding bonds any
funds received from the State of Maryland and the United States
of America, which may be properly allocable to said purpose;
empowering and directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in ad-
dition to the State and Federal allotments, if any, will provide
funds sufficient for the payment of said maturing principal and
interest; exempting said bonds and said refunding bonds and the
interest thereon from all State, county and municipal taxation in
the State of Maryland; and providing that the power to incur
indebtedness and issue bonds therefor under the provisions of
this Act is additional and alternative authority for borrowing
money and shall be regarded as supplemental and additional to
powers conferred upon the County by other laws.
Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners of Harford County.
Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance certain construction and im-
provements as more particularly described in Section 4 of this Act.
In order to make such financing possible, said County is hereby
granted the power and authority to borrow money and incur indebt-
edness for such purpose, from time to time, in an amount not exceed-
ing the sum of Two Million Dollars ($2,000,000) 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 such hospital construction or improvements
become necessary, provided, however, that the total debt which may
be incurred pursuant to the authority of this Act shall not exceed
Two Million Dollars ($2,000,000).
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 resolution
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