28                                Laws of Maryland                         Ch. 10

(b) Procedure. Subject to the conditions contained herein the
form, tenor, manner of selling, and all other matters relating to the
issuance of bonds under this subtitle shall be prescribed in a resolu-
tion to be adopted by the Harford County Metropolitan Commission
at least fifteen days prior to sale of the bonds. If bonds are issued,
the provisions of Sections 9, 10 and 11 of Article 31 of the Annotated
Code of Maryland (1957 Edition) and amendments thereto, shall be
complied with. The bonds shall be serial bonds issued upon serial
maturing plan and in such denominations as may be determined
by the Commission. The bonds may be redeemable before maturity
at the option of the Commission at such price and under such terms
and conditions as may be fixed by the Commission prior to the
issuance of the bonds, shall bear interest at a rate not exceeding
[six] eight per centum per annum, payable semiannually, shall
mature in not more than thirty years after date of issue, and shall
be forever exempt from State, City, and county taxation. They shall
be issued under the signature and seal of the Commission and shall
be guaranteed as to payment of principal and interest by the County
Commissioners of Harford County, which guarantee shall be en-
dorsed on each of said bonds in the following language: "The pay-
ment of interest when due and the principal at maturity is guaran-
teed by Harford County, Maryland." Such endorsement shall be
signed on each of the bonds by the President or Vice-President of
the Board of County Commissioners of the county within ten days
after the bonds are presented by the Commission to them for endorse-
ment.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the immedi-
ate preservation of the public health and safety and having been
passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly,
the same shall take effect from the date of its passage.

Approved by the Governor, December 18, 1969.

CHAPTER 10
(House Bill 4)

AN ACT to repeal and re-enact, with amendments, Section 2 of
Chapter 553 of the Acts of 1961; and Section 2 of Chapter 736 of
the Acts of 1967, removing the maximum interest rate ceiling on
certain Cecil County bonds.

Section 1. Be it enacted by the General Assembly of Maryland,,
That Section 2 of Chapter 553 of the Acts of 1961; and Section 2
of Chapter 736 of the Acts of 1967 be and they are hereby repealed
and re-enacted, with amendments, and all to read as follows:

1961, Chapter 553
2.

Subject to the limitations herein contained, the bonds of each
issue hereby authorized shall be dated, shall bear interest at such
rate or rates, shall mature at such time or times not exceeding twenty
(20) years from their date or dates, as may be determined by the
County Commissioners of Cecil County, and may be made redeemable