Marvin Mandel, Governor                         647

community college buildings or buildings for community college
purposes in Charles County, including sites therefor, the cost of
acquiring any such sites, architectural and engineering services, in-
cluding preparation of plans, drawings and specifications for such
community colleges and the development of the grounds and land-
scaping thereof, and all customary permanent appurtenances and
recreational and pedagogical equipment for such community colleges.

Sec. 2. And be it further enacted, That the County is hereby
authorized and empowered to finance the construction of community
colleges, as defined in Section 1 of this Act, for the use of the Board of
Community College Trustees of Charles County and, in order to make
such financing possible, said County is hereby granted the power and
authority to borrow money and incur indebtedness for such purpose,
from time to time, in an amount not exceeding the sum of Two
Million Dollars ($2,000,000) and to evidence such borrowing by the
issuance and sale upon its full faith and credit of its serial maturity,
general obligation coupon bonds in like par amount, upon the terms
and conditions hereinafter set forth. Such bonds may be issued
from time to time, in one or more groups or series, as funds for such
community college construction or acquisition become necessary, pro-
vided, however, that the total debt which may be incurred pursuant
to the authority of this Act shall not exceed Two Million Dollars
($2,000,000).

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing generally by classes the community college or colleges for
which said borrowing or indebtedness is intended, the amount needed
for said purposes, and determining to borrow money or incur indebt-
edness for all or a part of the amount so needed, and to issue its bonds
to evidence such borrowing or indebtedness. Each series or group of
said bonds shall be issued to mature in annual serial installments,
the last installment to mature not later than thirty (30) years from
the date of issue of said group or series. In said resolution, said
County shall fix the annual serial maturity plan with respect to the
bonds to be issued thereunder and said annual serial maturities shall
be so fixed as to conform to the general financial plans of the County
but need not be in equal par amounts or in consecutive annual install-
ments. Subject to the limitations herein contained, said County
shall have and is hereby granted full and complete authority and dis-
cretion to fix and determine, in said resolution, the form and tenor
of any such bonds, the rate or rates of interest payable thereon, or
the method of arriving at the same, the date or dates upon which
said bonds shall respectively mature and be payable, the manner of
selling said bonds at public sale, and generally all matters incident
or necessary to the issuance, sale and delivery thereof. The bonds of
each such issue shall be dated, shall bear interest at such rate or
rates, payable semi-annually, shall mature at such time or times as
may be determined by said resolution, and said bonds may, by said
resolution be made redeemable before maturity, at the option of the
County, at such price or prices and under such terms and conditions
as may be fixed by said County, either in said resolution or in sub-
sequent resolutions, but prior to the issuance of said bonds. The
principal of and the interest on said bonds may be made payable in