MARVIN MANDEL, Governor                       1493

bonds and shall state the date of issue of the bonds offered, the total
aggregate par amount thereof, the schedule of maturities thereof,
the interest payable thereon or the method of determining the
same, the purpose to which the proceeds thereof will be devoted,
and the general form thereof, including a statement whether said
bonds will be redeemable, will be in coupon or registered form, and
whether the same will be registrable as to principal, or as to both
principal and interest. Each such notice of sale shall also contain a
brief summary of the current financial condition of the County
or shall indicate where such a statement may be obtained and,
finally, shall reserve unto the County the right to reject any or
all bids received. In lieu of publishing said entire notice of sale,
the County may, if it shall so elect in said resolution, publish a brief
summary of said notice which need not contain all the information
required for said notice of sale but which shall state where interested
parties may obtain a complete copy thereof.

Sec. 5. And be it further enacted, That, the money so borrowed
for the public facilities described in said resolution above required,
in evidence of which any such bonds shall be issued, shall be paid
to the Treasurer of Prince George's County (or to such other official
of the County designated to receive such payment in a resolution
passed by the Board of County Commissioners for Prince George's
County before such delivery) and shall be used exclusively and solely
for such public facilities. In the event the amounts so borrowed shall
prove inadequate for the financing of any such public facilities, at
any time, the County may issue additional bonds within the
limitations hereof for the purpose of evidencing the borrowing
of additional funds for any such public facilities, provided the resolu-
tion for authorizing the additional bonds shall so recite, but if the
funds derived from the sale of any issue of said bonds shall exceed
the amount needed to finance the public facilities described in said
resolution, the excess funds so borrowed shall be applied by said
County in payment of the next principal maturity of the bonds so
issued or to the redemption of any part of said bonds, if the same
shall have been made redeemable, unless said County shall adopt a
resolution allocating such excess funds to other public facilities of
the same general type or class as the public facilities for which the
funds were borrowed.

Sec. 6. And be it further enacted, That, the bonds hereby authorized
shall constitute, and they shall so recite, an irrevocable pledge of the
full faith and credit and unlimited taxing power of the County to the
payment of the maturing principal and interest of such bonds as and
when the same respectively mature. In each and every fiscal year
that any of said bonds are outstanding, the County shall levy or
cause to be levied ad valorem taxes upon all the assessable property
within the corporate limits of the County in rate and amount