1274                           LAWS OF MARYLAND                     [CH. 552

Sec. 5. And be it further enacted, That for the purpose of paying
the principal and interest of said bonds, the County Commissioners
of Charles County are hereby authorized, empowered and directed
to levy in each year so long as any of said bonds are outstanding
and unpaid, an ad valorem tax on all property subject to taxation,
within Charles County, sufficient in rate and amount to pay the
interest payable in said year on all outstanding bonds and the prin-
cipal of all bonds maturing in said year, the proceeds of said tax
to be kept in a special fund and in no case to be used for any other
purpose. In case such bonds shall be issued in any year after the
making of the regular levy for that year, then the County Commis-
sioners of Charles County are empowered, authorized and directed
to pay any and all interest becoming due before the next levy, out of
any other funds at their disposal, and to levy at the next succeed-
ing levy an amount sufficient to reimburse such other funds.

Sec. 6. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 2, 1969.

CHAPTER 552
(House Bill 1478)

AN ACT to authorize and empower the County Commissioners of
Somerset County, from time to time, to borrow not exceeding
Nine Hundred and Fifty Thousand Dollars ($950,000.00) in
order to finance the construction, 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
rate or method of arriving at the same, terms, including redemp-
tion 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 the provisions of
Sections 9, 10, and 11 of Article 31 of the Code of Public General
Laws of Maryland; prescribing the method and manner of selling
said bonds at public sale; empowering 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; exempt-
ing said bonds and said refunding bonds and the interest thereon
fro