2354                               Municipal Charters

tax anticipation notes, payable as to principal and interest from said taxes
when received, the same to be issued and sold in the manner prescribed
in Sections 31 to 37, inclusive, of Article 23A of the Annotated Code of
Maryland (1966 Replacement Volume, as amended), title "Corporations—
Municipal", subtitle "Home Rule", subheading "Creation of Municipal
Public Debt", provided, however, that if the ordinance or ordinances au-
thorizing the issue and sale of any of such bonds or notes shall so specify,
the bonds or notes may be sold at private sale, without advertisement or
publication of notice of sale or solicitation of competitive bids.

(b) The issuance and sale of such general obligation bonds, or tax
anticipation notes, shall constitute a pledge of the full faith and credit
of the Commissioners of Sharptown to the prompt payment, when due,
from ad valorem taxes and such other revenues as may be described in
the authorizing ordinance or ordinances, of the principal of and interest
on such bonds or notes. The maturing principal of and interest on any
general obligation bonds may be paid, in whole or in part, from the pro-
ceeds of such benefit assessments, rates, fees or other charges, or any com-
bination thereof, as the Commissioners may impose and collect during the
life of the bonds, power and authority so to do being hereby specifically
granted; but, in any event, the Commissioners shall, if and when neces-
sary, annually levy upon all property subject to taxation within its cor-
porate limits ad valorem taxes sufficient to provide for the payment of the
maturing principal of and interest on any such bonds or notes, without
limitation as to rate or amount, notwithstanding any other provision or
limitation contained in this Charter or in any other law, and the issuance
and sale of any such bonds or notes shall constitute a covenant to that
effect. In order to carry out the meaning and intent of this section, the
Commissioners are empowered to do all things and to take any action, by
ordinance or otherwise, which may be determined to be necessary or ap-
propriate for the regulation or efficient operation and maintenance of any
part of the system financed pursuant to the authority of this section.

Section 2. BE IT FURTHER RESOLVED that the date of the adop-
tion of this Resolution is December 21, 1970, that a complete and exact copy
of this Resolution shall be posted through January 30, 1971, and that a copy
of the Title of this Resolution shall be published in a newspaper of gen-
eral circulation in Sharptown not less than four (4) times, at weekly in-
tervals, before January 30, 1971.

Section 3. AND BE IT FURTHER RESOLVED that at the time
the charter amendment hereby adopted shall become effective, the Presi-
dent of the Commissioners shall cause the same to be registered with the
Secretary of State of Maryland and with the Department of Legislative
Reference, in accordance with the provisions of Section 17(f) of Article
23A of the Annotated Code of Maryland (1966 Replacement Volume).

Joseph S. Mitchell, Commissioner

James W. McWilliams, Commissioner

Allen T. Dickerson, Commissioner

Jennings B. Phillips, Commissioner

Ernest Bailey, President Commissioner