1948                             Laws of Maryland                       Ch. 687

Sec. 7. And be it further enacted, That, in the issuance of any
of the bonds authorized hereby, the County may, prior to the prep-
aration of definitive bonds or obligations, issue interim certificates
or temporary bonds, with or without coupons, exchangeable for
definitive bonds when such bonds or obligations have been executed
and are available for delivery, provided, however, that any such
interim certificates or temporary bonds shall be issued in all respects
subject to the restrictions and requirements set forth herein. The
County may, by appropriate resolution, provide for the replace-
ment of any bonds issued hereunder which shall have become mu-
tilated or be destroyed or lost upon such conditions and after re-
ceiving such indemnity as the County may think it proper and
necessary to stipulate and require.

Sec. 8. And be it further enacted, That any and all obliga-
tions 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 is hereby declared to
be at all times exempt from taxation of every kind and nature
whatsoever 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. 9. 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 ad-
ditional 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 authorizing the County to borrow money are hereby con-
tinued 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 au-
thority 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 inhabitants of Harford 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. 10. And be it further enacted, That this Act shall take effect
July 1, 1970. 1971.

Approved May 21, 1970.

CHAPTER 687
(Senate Bill 802)

AN ACT to repeal and re-enact, with amendments, Section 108 (18)
of Article 52 of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Justices of the Peace," subtitle "Trial Magis-