Marvin Mandel, Governor                         483

redemption of any part of said bonds, if the same shall have been
made redeemable.

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 completion of construction and develop-
ment of the Gilbert Run Regional Park as 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 empowered to complete
the construction and development of the said Park in Charles County;
such funds to be disbursed upon such terms and conditions as shall
be prescribed by the Board of County Commissioners of Charles
County, to be used by any such board, agency, department or other
public body solely and exclusively for such completion of construction
and development of the Gilbert Run Regional Park.

Sec. 5. And be it further enacted, That the bonds hereby au-
thorized shall constitute and they shall so recite, an irrevocable pledge
of the full faith and credit and unlimited taxing power of the County
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 interest 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, additional taxes shall be
levied in the succeeding fiscal year to make up any such deficiency.
The County may apply to the payment of principal 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 completion of
construction and development of the Gilbert Run Regional Park, 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 pro-
portionately.

Sec. 6. And be it further enacted, That the County is hereby
further authorized and empowered, at any time and from time to
time to issue its bonds in the manner hereinabove described for the
purpose of refunding, upon purchase or redemption, any bonds
issued hereunder. The validity of any such refunding bonds shall
in no way be dependent upon or related to the validity or invalidity
of the obligations so refunded. The powers herein granted with
respect to the issuance of bonds, and also the limitations herein on
such powers shall be applicable to the issuance of refunding bonds.
Said refunding bonds may be issued by the County for the purpose
of providing it with funds to purchase in the open market any of
its outstanding bonds issued hereunder, prior to the maturity thereof,
or for the purpose of providing it with funds for the redemption prior
to maturity of any outstanding bonds issued hereunder which are,
by their terms, redeemable. The resolution authorizing the issue of
any such refunding bonds shall describe the issue or issues of bonds
of the County so to be refunded, and no issue of such refunding bonds
shall exceed in amount the par amount of such bonds so described