MARVIN MANDEL, Governor                      1215

CHAPTER 502
(House Bill 665)

AN ACT to authorize and empower the County Commissioners of
Worcester County, from time to time, to borrow not exceeding
One Million Dollars ($1,000,000.00) in order to finance the con-
struction, acquisition, improvement or extension of public schools
in said County, as herein defined, and to effect such borrowing by
the issuance and sale to the highest bidder or bidders at public
sale of its general obligation, serial maturity coupon bonds in like
par amount; empowering said County to fix and determine, by
resolution, the form, tenor, interest rates 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; empower-
ing said County, subject 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 addition 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 Worcester County, and the term "public schools" shall
include the construction, reconstruction, improvement, extension,
acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Worcester County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development
of the grounds and landscaping thereof, and all customary perma-
nent appurtenances and recreational and pedagogical equipment
for such schools.

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public
schools, as defined in Section 1 of this Act, for the use of the Board
of Education of Worcester County and, in order to make such fi-
nancing possible, said County is hereby granted the power and au-
thority to borrow money and incur indebtedness for such purpose,