1724                             Laws of Maryland                      [Ch. 668

If such a Constitutional amendment is not submitted to the voters
of the State of Maryland, or if such a Constitutional amendment is
submitted to the voters of the State of Maryland and fails of
adoption, this Act is null and void and of no further effect whatsoever.

Approved May 31, 1972.

CHAPTER 668
(Senate Bill 306)

AN ACT to add new Section 2C to Article 31 of the Annotated Code
of Maryland (1971 Replacement Volume), title "Debt--Public,"
subtitle "In General," to follow immediately after Section 2B there-
of, providing all counties and Baltimore City with the express
power to determine that different loans which have been separately
authorized by different bond enabling acts may be consolidated for
sale and issued, sold and delivered through a single issue of bonds
to be designated Consolidated Public Improvement Bonds of the
issuer, and relating generally to the authorization, issuance, sale
and delivery of municipal bonds on such a consolidated basis.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 2C be and it is hereby added to Article 31 of the
Annotated Code of Maryland (1971 Replacement Volume), title
"Debt—Public," subtitle "In General," to follow immediately after
Section 2B thereof and to read as follows:

2C.

(a)   The county council of any charter county, the county commis-
sioners of any non-charter county, and the commissioners of finance
of the Mayor and City Council of Baltimore may, in authorizing
or in providing for the sale of municipal bonds, from time to time
provide by resolution, which shall not be deemed to be a legislative
act, that loans authorized to be incurred and bonds authorized to
be sold by separate acts of enabling legislation be consolidated for
sale and issued, sold and delivered as a single issue of bonds, re-
gardless whether enabling legislation authorizing any such loan or
the sale of any bonds evidencing such loan was enacted before or
after July 1, 1972.

(b)  Any consolidated issue of municipal bonds made under the
authority of this section shall be designated "Consolidated Public
Improvement Bonds" of the issuing authority of the year in which
the bonds are to be dated. The resolution authorizing the issuance
and sale of Consolidated Public Improvement Bonds may determine
all matters relating to the advertisement, sale, issuance, delivery
and payment of the bonds, including all matters relating to the
forms, dates and denominations of the bonds, the principal maturi-
ties, the methods to be used in determining interest payable on the
bonds, and provisions, if any, for registration, for redemption prior
to stated maturity, and for the use of facsimile signatures or seals.
Unless the bonds are authorized to be sold at private sale, a notice
of sale or advertisement of the public sale of Consolidated Public