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Session Laws, 1969
Volume 692, Page 1614   View pdf image
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1614                           LAWS OF MARYLAND                     [CH. 731

struction, acquisition, improvement or extension of public schools
in the 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 the County to fix and determine, by
resolution, the form, tenor, interest rates or method of arriving at
the same, terms, including redemption and registration provisions,
conditions, maturities and all other details incident or necessary
to the issuance, public sale and delivery of the bonds, without
reference to any other law heretofore enacted; prescribing the
method and manner of selling the bonds at public sale; empowering
the County, subject to certain limitations, to sell the bonds at,
above or below the par value thereof; empowering the County to
refund any of the bonds purchased or redeemed in advance of
maturity; empowering the County to apply to the payment of
principal and interest of the bonds and 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 the County to contract to levy and to
levy, impose and collect annually ad valorem taxes which, in addi-
tion to the State and Federal allotments, if any, will provide funds
sufficient for the payment of said maturing principal and in-
terest; and exempting the bonds and refunding bonds and the
interest thereon and any income derived therefrom from all State,
county and municipal taxation in the State of Maryland; and
providing that the power to incur indebtedness and issue bonds
therefor under the provisions of this Act is additional and
alternative authority for borrowing money and shall be regarded
as supplemental and additional to powers conferred upon the
County by other laws; AND SUBMITTING THE EFFECTIVE-
NESS OF THIS ACT TO A REFERENDUM.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners of Dorchester County, and the term "public schools" shall
include the construction, reconstruction, improvement, extension,
acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Dorchester County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development
of the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Sec. 2. And be it further enacted, That, the County is hereby au-
thorized and empowered to finance the construction of public schools,
as defined in Section 1 of this A