Marvin Mandel, Governor                         805

the provisions of Sections 9, 10, and 11 of Article 31 of the Code of
Public General Laws of Maryland (1967 Replacement Volume), as
amended from time to time, except that, if all or any of the bonds
are sold at public sale, the County shall comply with the provisions
of Section 10 of said Article 31 only as to those bonds sold at public
sale. Said bonds may be sold for such price or prices as may be
determined to be for the best interests of the County, either at,
above or below the par value of any such bonds. Upon delivery of
any of said bonds to the purchaser or purchasers thereof, payment
therefor shall be made to the Treasurer of Carroll County or such
other official of the County designated to receive such payment in a
resolution passed by the Board of County Commissioners of Carroll
County before such delivery.

THE COUNTY MAY PROVIDE, IN SAID RESOLUTION
ABOVE REQUIRED, THAT THE BONDS ARE TO BE ISSUED
TO SECURE AN ADVANCE PROM THE UNITED STATES OF
AMERICA AS THE TERM "ADVANCE" IS DEFINED BY THE
WATERSHED PROTECTION AND FLOOD PREVENTION ACT
AND BY PUBLISHED REGULATIONS OF THE FARMERS
HOME ADMINISTRATION, U. S. DEPARTMENT OF AGRICUL-
TURE. IN THE EVENT THAT BONDS ARE ISSUED PURSU-
ANT TO THIS ACT SO TO SECURE AN ADVANCE OR
ADVANCES, THE RESOLUTION ABOVE REQUIRED MAY
PROVIDE, SUBJECT TO THE LIMITATIONS CONTAINED IN
THIS ACT, THAT SUCH BONDS BE ISSUED ON SUCH TERMS
AND CONDITIONS AS MAY BE REQUIRED BY THE UNITED
STATES OF AMERICA OR ANY AGENCY OR INSTRUMEN-
TALITY THEREOF.

Sec. 4. And be it further enacted, That, the money so borrowed
for the flood prevention and watershed projects described in said
resolution above required, in evidence of which any such bonds shall
be issued, shall be paid to the Treasurer of Carroll County (or to such
other official of the County designated to receive such payment in a
resolution passed by the Board of County Commissioners of Carroll
County before such delivery) and shall be used exclusively and solely
for such flood prevention and watershed projects. In the event the
amounts so borrowed shall prove inadequate for the financing of any
such flood prevention and watershed projects, 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 flood prevention and watershed projects, 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 flood prevention and watershed proj-
ects 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 redeemable, unless said County
shall adopt a resolution allocating said excess funds to other flood
prevention and watershed projects of Carroll County.

Anything in this Section 4 to the contrary notwithstanding, the
County may provide, in said resolution above required, that the money
so borrowed for the flood prevention and watershed projects described
in said resolution may be paid by the County to any board, agency,
department or other public body which is now or may hereafter be