MARVIN MANDEL, Governor                       1491

Sec. 2. And be it further enacted, That, the County is hereby
authorized and empowered to finance the construction of public facil-
ities, as defined in Section 1 of this Act, and, in order to make such
financing possible, said County is hereby granted the power and
authority to borrow money and incur indebtedness as follows:

(a)    in an amount not exceeding the sum of Five Million Dollars
($5,000,000) for the purposes defined in Section 1(a) of this Act;

(b)    in an amount not exceeding the sum of Three Million, Two
Hundred Twenty-Five Thousand Dollars ($3,225,000) for the pur-
poses defined in Section 1 (b) of this Act;

(c)    in an amount not exceeding the sum of One Million, Thirty-
eight Thousand, Two Hundred Twenty Eight Dollars ($1,038,228)
for the purposes defined in Section 1 (c) of this Act.

Sec. 3. And be it further enacted, That, the County shall evidence
the borrowing authorized by this Act 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 public facilities
construction or acquisition become necessary, provided, however, that
the total debt which may be incurred pursuant to the authority of
this Act shall not exceed Nine Million, Two Hundred and Sixty-Three
Thousand, Two Hundred Twenty Eight Dollars ($9,263,228).

Sec. 4. 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
describing the public facilities for which said borrowing or indebted-
ness is intended, the amount needed for said purposes in the aggre-
gate, and determining to borrow money or incur indebtedness for all
or a part of the amount so needed, and to issue its bonds to evidence
such borrowing or indebtedness. Each series or group of said bonds
shall be issued to mature in annual serial installments, the last
installment to mature not later than thirty (30) years from the date
of issue of said group or series. In said resolution, said County shall
fix the annual serial maturity plan with respect to the bonds to be
issued thereunder and said annual serial maturities shall be so fixed
as to conform to the general financial plans of the County but need
not be in equal par amounts or in consecutive annual installments.
Subject to the limitations herein contained, said County shall have
and is hereby granted full and complete authority and discretion to
fix and determine, in said resolution, the form and tenor of any such
bonds, the rate or rates of interest payable thereon, or the method
of arriving at the same, the date or dates upon which said bonds
shall respectively mature and be payable, the manner of selling said
bonds at public sale, and generally all matters incident or necessary
to the issuance, sa