40                                Laws of Maryland                         Ch. 17

as the said County Commissioners shall by resolution provide. The
bonds shall bear interest at a net average rate [not in excess of six
per centum (6%)] per annum for the entire issue, as shall be
provided by resolution of said County Commissioners, and install-
ments of interest may be evidenced by semi-annual coupons attached
to said bonds bearing the facsimile signature of the Treasurer of
Caroline County. If such bonds are issued, such issue and sale
shall be in accordance with the provisions of Sections 8 to 18,
inclusive, of Article 31 of the Annotated Code of Maryland (1957
Edition, as supplemented).

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

Approved by the Governor, December 18, 1969.

CHAPTER 17

(House Bill 14)

AN ACT to repeal and re-enact, with amendments, Sections 1 and 2
of Chapter 734 of the Acts of the General Assembly of 1968
amending THE LAW WHICH AUTHORIZED the issue of certain
public library and parking facility bonds in BY Caroline County
in order to remove therefrom certain references therein to a net
average interest rate thereon.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 1 and 2 of Chapter 734 of the Acts of the General
Assembly of 1968 be and they are hereby repealed and re-enacted,
with amendments, to read as follows:

1.

The County Commissioners of Caroline County be and they are
authorized and empowered to borrow at one time or from time to
time, upon the full faith and credit of Caroline County, and to
issue and sell at one time or from time to time its bonds therefor,
a sum or sums of money not to exceed Three Hundred Twenty-Five
Thousand Dollars ($325,000.00) [at a net average interest rate not
in excess of six per centum (6%) per annum for the entire issue],
for the purposes of designing, constructing, equipping and land-
scaping a public library and patron parking facilities in Caroline
County, including architects and other professional fees in con-
nection therewith. The money raised by the bond issue authorized
by this Act shall be expended for the above purposes. Such bonds
shall be designated, shall be of such denomination or denominations
and of such type or form, and shall be of such periods of maturity,
not exceeding twenty-five (25) years, all as the County Commis-
sioners of Caroline County may by resolution provide, and the
proceeds of such sale or sales shall be spent in accordance with the
provisions hereof. The said borrowing and every bond, coupon or