Marvin Mandel, Governor                       1845

their payment, of ad valorem taxes upon all property subject to
assessment for taxation in said County, said taxes to be in rate
and amount sufficient for said purpose.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Cecil County be and they are
hereby authorized and empowered to borrow upon its full faith and
credit, an amount not to exceed One Million Five Hundred Thousand
Dollars ($1,500,000.00), and to evidence such borrowing by the
issue and sale as herein prescribed of the general obligation bonds
of the County in like face amount, said bonds to be designated
as "Cecil County Union Hospital Construction Bonds," provided
that no bonds shall be offered for sale before July 1, 1972. The
money borrowed pursuant to the authority hereby conferred shall
be expended in the manner hereinafter described solely for the pur-
pose of financing the building, expansion and capital improvement
of and to the Union Hospital, situated in Elkton, Cecil County,
for equipment used in connection therewith, and for the payment
of architects' and other professional fees in connection therewith.

Sec. 2. And be it further enacted, That subject to the limitations
herein contained, the bonds hereby authorized shall be dated, shall
bear interest at such rate or rates, shall mature at such time or
times not exceeding twenty (20) years from their date or dates,
as may be determined by the County Commissioners of Cecil County,
and may be made redeemable before maturity, at the option of the
County Commissioners, at such price or prices and under such terms
and conditions as may be fixed by the County Commissioners prior
to the issuance of said bonds. In the event any such bonds shall
be issued to mature and be payable on the serial maturity plan,
then the schedule of maturities of said issue of bonds shall be so
arranged that one-twentieth (1/20) of the principal amount, except
for any adjustments in the maturity schedule necessary to permit
the division of the principal amount of the bonds issued at any one
time into twenty approximately equal annual payments, thereof shall
mature and be retired in each consecutive year accounting from the
date of issue thereof. The County shall determine the form and the
manner of executive EXECUTION of any of said bonds, including any
interest coupons to be attached thereto, and shall fix the denomination
or denominations of the bonds and the place or places of payment of
principal or interest, which may be at any bank or trust company
within or without the State. The County Commissioners are hereby
empowered to provide that the County seal to be affixed to said
bonds may be imprinted thereon in facsimile, and that all signa-
tures and counter-signatures on said bonds and the coupons attached
thereto may likewise be in facsimile except that at least one of
said signatures on each bond shall be manually affixed. In case any
official whose signature or facsimile of whose signature shall appear
on any such bonds or coupons shall cease to be such official before
the delivery of such bonds, or shall become such an official between
the date of issue and date of delivery thereof, such signature or
such facsimile will nevertheless be valid and sufficient for all pur-
poses the same as if he had remained in office until such delivery
or had taken office prior to said date of issue. The bonds may
be issued in coupon or in registered form, or both, as the County
Commissioners may determine, and provisions may be made for the