260                              Laws of Maryland                        [Ch. 57

worth of assessable property in the said area, as hereinbefore de-
scribed, to be collected as all other taxes in said County are collected,
to be paid over by said Board of County Commissioners to the County
Treasurer [for the sole purpose of amortizing the bond issue herein-
before provided for].

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.

Approved April 11, 1972.

CHAPTER 57
(House Bill 696)

AN ACT to authorize and empower the County Commissioners of
Charles County to borrow upon the faith and credit of Charles
County an amount not exceeding One Million Dollars ($1,000,000),
and to issue bonds therefor, for the cost of courthouse repairs,
alterations, and/or additions and providing for the levy of taxes
in Charles County for the payment of principal and interest on
such bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Charles County be and they are
hereby authorized and empowered to borrow at one time, or from
time to time, on the faith and credit of Charles County, a sum or
sums not exceeding in the aggregate One Million Dollars ($1,000,000),
and to issue and sell bonds therefor, the proceeds thereof to be used
for the cost of courthouse repairs, alterations and/or additions in
Charles County and to pay all expenses, including advertising, print-
ing, and legal fees, incurred in the issuance and sale of any bonds
hereunder, the said amount so borrowed to be used for no other
purpose whatsoever.

Sec. 2. And be it further enacted, That said County Commission-
ers shall by proper resolution fix the maturity or maturities of
any such bonds, provided, however, that no bonds issued shall mature
later than twenty (20) years from the date of their issue, and pro-
vided further that any such bonds shall be issued on the serial
maturity plan; such resolution may fix the denomination or denomi-
nations in which said bonds shall be issued, the interest rate or
rates of said bonds or the manner of determining the same, the
manner and place of payment, the date, place and terms of the
sale of the bonds, and all details not herein otherwise provided for
with respect to the form, issuance and sale thereof; said bonds
shall be signed by the President of the County Commissioners and
the Treasurer of Charles County, and the seal of said County shall
be affixed thereto. Said bonds may be made registrable as to principal.

SEC. 3. And be it further enacted, That any bonds issued hereun-
der may be sold, in the discretion of the County Commissioners, at
less than par; that any bonds sold under the authority hereby con-
ferred shall be exempt from the provisions of Sections 10 and 11