Marvin Mandel, Governor                        1801

levied pursuant to subtitle 32 of the Code of Public Local Laws of
Prince George's County (1963 Edition and 1967 Supplement, as
amended, being Article 17 of the Code of Public Local Laws of
Maryland), and (ii) before disbursing any fire taxes levied pursuant
to such subtitle, the appropriate fiscal officer of the County may
withhold a sufficient amount from those fire taxes to be disbursed
to any fire company to provide for the payment of the principal of
and interest on bonds issued by the County to finance the construc-
tion of a fire engine house or fire engine houses for such fire com-
pany, such disbursements to be in accordance with the limita-
tions, terms and conditions of subtitle 32 of the Code of Public Local
Laws of Prince George's County, as amended from time to time.

Sec. 5. And be it further enacted, That the money so borrowed
for the fire engine houses described in said resolution above re-
quired, in evidence of which any such bonds shall be issued, shall
be paid to the Treasurer of Prince George's County (or to such
other official of the County designated to receive such payment in
a resolution passed by the Board of County Commissioners for
Prince George's County before such delivery) and shall be used ex-
clusively and solely for such fire engine houses. In the event the
amounts so borrowed shall prove inadequate for the financing of
any such fire engine houses, at any time, the County may issue
additional bonds within the limitations hereof for the purpose of
evidencing the borrowing of additional funds for any such fire en-
gine houses, provided the resolution for authorizing the additional
bonds shall so recite, but if the funds derived from the sale of any
issue of said bonds shall exceed the amount needed to finance the
fire engine houses described in said resolution, the excess funds so
borrowed shall be applied by said County in payment of the next
principal maturity of the bonds so issued or to the redemption of
any part of said bonds, if the same shall have been made redeem-
able, unless said County shall adopt a resolution allocating such
excess funds to other fire engine house projects of Prince George's
County.

Sec. 6. And be it further enacted, That the bonds hereby author-
ized shall constitute, and they shall so recite, an irrevocable pledge
of the full faith and credit and unlimited taxing power of the Coun-
ty to the payment of the maturing principal and interest of such
bonds as and when the same respectively mature. In each and every
fiscal year that any of said bonds are outstanding, the County shall
levy or cause to be levied ad valorem taxes upon all the assessable
property within the corporate limits of the County in rate and
amount sufficient to provide for the payment, when due, of the in-
terest and principal of all said bonds maturing in each such fiscal
year and in the event the proceeds from the taxes so levied in any
such fiscal year shall prove inadequate for the above purposes, addi-
tional taxes shall be levied in the succeeding fiscal year to make up
any such deficiency. The County may apply to the payment of prin-
cipal and interest of any bonds issued hereunder any funds received
by it from the State of Maryland, the United States of America,
any agency or instrumentality thereof, or from any other source, if
such funds are granted for the purpose of assisting the County in
the construction of fire engine houses, as defined herein, and to
the extent of any such funds received or receivable in any fiscal
year the taxes hereby required to be levied may be reduced propor-
tionately.