1634                             Laws of Maryland                       Ch. 560

Sec. 5. And be it further enacted, That for the purpose of pay-
ing the maturing principal of and interest on any bonds issued pur-
suant to the authority of this Act, and for the purpose of redeem-
ing said bonds prior to their respective maturities, the County Com-
missioners of St. Mary's County shall levy annually upon all proper-
ty within, the corporate limits of said County, assessable for un-
limited taxation, ad valorem taxes in rate and amount sufficient to
provide for said purposes. In the event any such issue of bonds
are sold as term bonds, payable all at one time, said County Com-
missioners of St. Mary's County shall, by the resolution authorizing
said bonds, establish a sinking fund in the custody and control of
the County Treasurer, and thereafter said County shall annually
levy the ad valorem taxes above prescribed in rate and amount
sufficient to pay the interest on said bonds, due in each year, and
sufficient to pay into such sinking fund or increments thereon, will
be sufficient to provide for the payment in full of the principal of
said term bonds at maturity. In addition, the County Commission-
ers of St. Mary's County are hereby authorized and empowered to
utilize for the payment of any such principal and interest any part
not previously pledged of any moneys received by the Board of Edu-
cation of St. Mary's County from the State of Maryland under the
provisions of Section 130 of Article 77 of the Annotated Code of
Maryland (1969 Replacement Volume), providing for an incentive
fund for school construction, as such section may be amended from
time to time.

SEC. 5A. AND BE IT FURTHER ENACTED, THAT CHAP-
TER 619 OF THE ACTS OF THE GENERAL ASSEMBLY OF
MARYLAND OF 1969 BE AND THE SAME IS HEREBY RE-
PEALED.

Sec. 6. And be it further enacted, That before any bonds shall
be issued in St. Mary's County, under the provisions of this Act the
question of such issue shall first be submitted to a referendum of
the legally qualified voters of St. Mary's County at the general elec-
tion to be held in November of 1970. There shall be printed on the
ballots or ballot labels to be used at said election the title of this
Act and underneath said title, on separate lines, a square or box to
the right of and opposite the words: "For School Bond Issue" and
a corresponding square or box to the right of and opposite the
words "Against School Bond Issue," so that the voters of the County
shall be able to designate his or her decision for or against the pro-
visions of this Act. If a majority of the votes cast in said election
shall be "For School Bond Issue" then the provisions of this Act
shall become effective, but if a majority of the votes cast in the
election shall be "Against School Bond Issue" then the provisions
of this Act shall be of no effect and shall be null and void.

Sec. 7. And be it further enacted, That subject to the pro-
visions of Section 6 herein, this Act shall take effect on July 1, 1970.

Approved May 5, 1970