MARVIN MANDEL, Governor                       1577

CHAPTER 713
(House Bill 983)

AN ACT to authorize and empower the County Commissioners of
Allegany County to borrow an amount not to exceed Two Hundred
Thousand Dollars ($200,000.00) and to issue bonds, promissory
notes or other certificates of indebtedness therefor, for the purpose
of acquiring land for the construction of buildings and facilities
for a Regional Health Center in Allegany County, and for the con-
struction of buildings and facilities for the use of said Regional
Health Center, and purchasing facilities and equipment needed for
the operation of said Regional Health Center in Allegany County
and matters incident thereto.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Allegany County, a body cor-
porate, in order to provide funds for the purpose of acquiring land
for the construction of buildings and facilities for a Regional Health
Center in Allegany County, and for the construction of buildings
and facilities for the use of said Regional Health Center, and pur-
chasing facilities and equipment needed for the operation of said
Regional Health Center in Allegany County, are authorized and em-
powered to borrow from time to time, in such amounts as the Board
of County Commissioners shall deem necessary, money on the faith
and credit of said county, and to issue therefor the promissory notes
or bonds or other certificates of indebtedness of the county; pro-
vided, however, that in the aggregate said notes, bonds, or other
certificates of indebtedness shall not exceed the sum of Two Hundred
Thousand Dollars ($200,000). Said notes, bonds or other certificates
of indebtedness shall bear a rate of interest not exceeding six per
centum per annum. If said sum or any portion thereof shall be bor-
rowed by the sale of notes, bonds or other certificates of indebtedness,
they shall be designated as "Regional Health Center Construction
and Improvement Notes, Bonds or Other Certificates of Indebted-
ness." They shall be of such denomination or denominations, callable
or non-callable, and of such type or form and of such period of matu-
rity as the County Commissioners of Allegany County may deem ad-
visable. The notes, bonds or other certificates of indebtedness shall
be signed by the President of the County Commissioners of Allegany
County and the Treasurer of the County and shall have the corporate
seal of Allegany County affixed thereto. The principal amount of
said notes, bonds or other certificates of indebtedness and the interest
payable thereon shall be and remain exempt from taxation by the
State of Maryland and by the counties and municipalities of the
State. If any such bonds, notes or other certificates of indebtedness
shall be sold, the provisions of Sections 8 through 11 inclusive, of
Article 31 of the Annotated Code of Maryland (1957 Edition), as
amended from time to time, shall be complied with.

Sec. 2. And be it further enacted, That the proceeds received
from time to time from the sale of the