MARVIN MANDEL, Governor                      1435

four million five hundred thousand dollars ($4,500,000.00), and
to evidence such borrowing by the issuance and sale of the general
obligation bonds of the County in such form and bearing such rate
or rates of interest as said County Commissioners may by resolu-
tion determine, provided the average interest cost of each issue
of such bonds shall not exceed six per centum (6%) per annum;
to provide that proceeds of the sale of any such bonds shall be
used exclusively for the purpose of erecting new school buildings,
including land for such buildings and for facilities appurtenant
thereto, the payment of architects' and other professional fees in
connection therewith, the alteration or repair of existing school
buildings and the equipping of school buildings, all in St. Mary's
County; to authorize and direct the County Commissioners of
St. Mary's County to provide for the payment of the maturing
principal of and the interest on any bond issued hereunder by the
annual levy, until all of said bonds and the interest thereon,
shall have been paid or provisions made for their payment, of ad
valorem taxes upon all property subject to assessment for tax-
ation in said County, said taxes to be in rate and amount sufficient
for said purpose, subject to the application, hereby permitted, on
account of such principal and interest of any school building
incentive funds allocated to St. Mary's County by the State of
Maryland and not otherwise pledged and providing a referendum
thereon.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of St. Mary's County are hereby
authorized and empowered to borrow upon its full faith and credit,
an aggregate sum not exceeding four million five hundred thousand
dollars ($4,500,000.00) and to evidence such borrowing by the issue
and sale as herein prescribed of the general obligation bonds of the
County in like face amount. The money borrowed pursuant to the au-
thority hereby conferred shall be expended in the manner hereinafter
described: one hundred and thirty thousand dollars ($130,000.00)
for the Greenview Knolls addition; ninety-eight thousand dollars
($98,000.00) for the Oakville addition; two million sixty thousand
dollars ($2,060,000.00) for the construction of Park Hall Middle
School; two million two hundred thousand dollars ($2,200,000.00)
for the construction of Loveville Middle School; and twelve thousand
dollars ($12,000.00) for the bond issue election. The County Com-
missioners of St. Mary's County shall select the bond referendum
date at their discretion. THE AMOUNTS LISTED ABOVE FOR
THE SEVERAL PROJECTS ARE APPROXIMATIONS ONLY,
AND WITHIN THE TOTAL AMOUNT AVAILABLE THEY MAY
BE RESPECTIVELY INCREASED OR DECREASED BY THE
COUNTY COMMISSIONERS. The bond referendum shall be super-
vised by the St. Mary's County Election Supervisors. The money
borrowed shall be used solely for the purpose of financing the erec-
tion of new school buildings in the County, including the purchase
of land therefor