Marvin Mandel, Governor                         649

condition of the County or shall indicate where such a statement may
be obtained and, finally, shall reserve unto the County the right to
reject any or all bids received. In lieu of publishing said entire notice
of sale, the County may, if it shall so elect in said resolution, publish
a brief summary of said notice which need not contain all the infor-
mation required for said notice of sale but which shall state where
interested parties may obtain a complete copy thereof.

Sec. 4. And be it further enacted, That, the money so borrowed
for the community college or colleges described in said resolution
above required, in evidence of which any such bonds shall be issued,
shall be paid by the County to the Board of Community College
Trustees of Charles County, and, by said Board, shall be used ex-
clusively and solely for such community college or colleges. In the
event the amounts so borrowed shall prove inadequate for the financ-
ing of any such community colleges, 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 com-
munity college, 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
community college or colleges described in said resolution, the excess
funds so borrowed and not expended by the Board of Community
College Trustees shall be returned to the County by said Board and
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 community
college projects of Charles County.

Sec. 5. And be it further enacted, That, the bonds hereby author-
ized 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 instrumental-
ity thereof, or from any other source, if such funds are granted for the
purpose of assisting the County in community college construction,
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
proportionately.

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