MARVIN MANDEL, Governor                      1835

"An Act to authorize and empower the County Commissioners
of Kent County, from time to time, to borrow not exceeding
one million dollars ($1,000,000), to finance the construction,
acquisition, improvement, extension and maintenance of and
acquiring equipment and other property for public schools
in said 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 said County to fix
and determine, by resolution, the form, tenor, interest rate
or method of arriving at the same, terms, including redemp-
tion and registration provisions, conditions, maturities and
all other details incident or necessary to the issuance, public
sale and delivery of said bonds; without reference to any
other law heretofore enacted; prescribing the method and
manner of selling said bonds at public sale; empowering said
County, subject to certain limitations, to sell said bonds at,
above or below the par value thereof; empowering said County
to apply to the payment of principal and interest of said
bonds and said 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 said County to contract to levy and to levy, impose
and collect annually ad valorem taxes which, in addition to
the State and Federal allotments, if any, will provide funds
sufficient for the payment of said maturing principal and
interest; exempting said bonds and said refunding bonds
and the interest thereon from all State, county and municipal
taxation in the State of Maryland; 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 CON-
FERRED UPON THE COUNTY BY OTHER LAWS and
providing that the effectiveness of this Act is subject to a
referendum.

and I DO certify, that at said election, 3,314 votes were cast in
favor of the adoption of Chapter 733 of the Acts of 1968, and 1,594
votes were cast against adoption of said Chapter 733 of the Acts
of 1968, the said Act has therefore been ratified by a majority of the
qualified voters of Kent County.

In Testimony Whereof, I have hereunto subscribed my
name and affixed my official seal at the City of Annapolis
this 6th Day of December, 1968.

(Secretary of
State's Seal)

(s) C. STANLEY BLAIR,

Secretary of State.