Marvin Mandel, Governor                        1803

all Acts of the General Assembly of Maryland heretofore passed
authorizing the County to borrow money are hereby continued to
the extent that the powers contained in such Acts have not hereto-
fore 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, con-
firmed and approved. This Act, being necessary for the welfare of
the inhabitants of Prince George's County, shall be liberally con-
strued 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inconsistent with the provisions of this Act are hereby repealed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 641
(House Bill 1346)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not ex-
ceeding Two Million Eight Hundred Seventy Five Thousand Five
Hundred Dollars ($2,875,500) in order to finance the construction,
acquisition, improvement or extension of community colleges in
said County, 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 rates or method of arriv-
ing at the same, terms, including redemption and registration pro-
visions, conditions, maturities and all other details incident or
necessary to the issuance, public sale and delivery of said bonds,
without reference to any other law heretofore enacted; prescrib-
ing the method and manner of selling said bonds at public sale;
empowering said County, subject to certain limitations, to sell
said bonds at, above or below the par value thereof; empowering
said County to refund any of said bonds purchased or redeemed
in advance of maturity; empowering said County to apply to the
payment of principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland and the
United States of America, which may be properly allocable to
said purpose; empowering and directing said County to contract
to levy and to levy, impose and collect annually ad valorem taxes,
which, in addition to the State and Federal allotments, if any,,
will provide funds sufficient for the payment of said maturing
principal and interest; exempting said bonds and said refunding
bonds and the interest thereon from all State, county and munic-
ipal taxation in the State of Maryland; and providing that the
power to incur indebtedness and issue bonds therefor under the
provisions of this Act is 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.