Marvin Mandel, Governor                       1797

Sec. 9. And be it further enacted, That, any and all obligations
issued pursuant to the authority of this Act, their transfer, the
interest payable thereon, and the income derived therefrom in the
hands of the holders thereof from time to time (including any
profit made in the sale thereof) shall be and are hereby declared to
be at all times exempt from taxation of every kind and nature what-
soever by the State of Maryland or by any of its political subdivisions,
or by any town or incorporated municipality or by any other public
agency within the State of Maryland.

Sec. 10. And be it further enacted, That, the authority to borrow
money and issue bonds conferred on the County by this Act shall
be deemed to provide an additional and alternative authority for
borrowing money and shall be regarded as supplemental and addi-
tional to powers conferred upon the County by other laws and shall
not be regarded as in derogation of any power now existing; and all
Acts of the General Assembly of Maryland heretofore passed author-
izing the County to borrow money are hereby continued to the extent
that the powers contained in such Acts have not heretofore been
exercised, and nothing herein contained shall be construed to impair,
in any way whatsoever, the validity of any bonds which may have
been issued by the County under the authority of any of said Acts,
and the validity of said bonds is hereby ratified, confirmed and
approved. This Act, being necessary for the welfare of the inhabi-
tants of Prince George's County, shall be liberally construed to effect
the purposes hereof. All Acts and parts of Acts inconsistent with
the provisions of this Act are hereby repealed to the extent of such
inconsistency.

Sec. 11. And be it further enacted, That, this Act shall take effect
June 1, 1970.

Approved May 5, 1970

CHAPTER 640
(House Bill 1345)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not ex-
ceeding Three Hundred Twenty-Five Thousand Dollars ($325,000)
in order to finance the construction, acquisition, improvement or
extension of fire engine houses, 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 redemption and
registration provisions, conditions, maturities and all other de-
tails incident or necessary to the issuance, public sale and delivery
of said bonds, without reference to any other law heretofore en-
acted; prescribing the method and manner of selling said bonds at
public sale; empowering said County, to sell said bonds at, above or
below the par value thereof; empowering said County to refund any