Ch. 205                             MARVIN MANDEL, Governor                                  335

Approved April 26, 1973.

CHAPTER 205
(House Bill 1626)

AN ACT to authorize and empower the County Commissioners of Carroll County
from time to time, to borrow not exceeding six million dollars ($6,000,000) in
order to finance the construction and development of public facilities, as herein
defined, and to effect such borrowing by the issuance and sale of public or
private sale of its general obligation bonds in like par amount; empowering the
County to fix and determine, by resolution, the form, tenor, interest rate or
method of arriving at the same, terms, including redemption and registration
provisions, conditions, maturities and all other details incident or necessary to
the issuance, sale and delivery of such bonds, without reference to any other law
heretofore enacted; prescribing the method and manner of selling the bonds at
any public sale, empowering the County, subject to certain limitations, to sell
the bonds at, above or below the par value thereof; empowering the County to
refund any of the bonds purchased or redeemed in advance of maturity;
empowering the County to apply to the payment of principal and interest of the
bonds and refunding bonds any funds received from the State of Maryland and
the United States of America, which may be properly allocable to said purpose;
empowering and directing the County to contract to levy and to levy, impose
and collect annually ad valorem taxes which, in addition to the State and
Federal allotments, if any, will provide funds sufficient for the payment of
principal and interest, exempting the bonds and refunding bonds, the interest
thereon and any income derived therefrom, from all State, county and
municipal taxation in the State of Maryland.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That That, as used herein, the term "County" shall mean the
political subdivision of the State of Maryland known as the County Commissioners
of Carroll County, and the term "construction and development of public
facilities" shall mean the following:

(a)   The acquisition and development of sites for public school buildings or
buildings for school purposes in Carroll County, and the construction,
reconstruction, extension, acquisition, improvement, enlargement, alteration, repair
and modernization of community facilities in public school buildings, including,
without limitation, library facilities, public meeting facilities, and swimming pools;

(b)    The construction, reconstruction, extension, acquisition, improvement,
enlargement, alteration, repair and modernization of any structures to house any of
the functions of County government or administration, including (without
limitation) County agencies and instrumentalities;

(c)    The construction, reconstruction, extension, acquisition, improvement,
enlargement, alteration, repair and modernization of facilities for the storage and
conveyance of water for irrigation and drainage purposes and for the storage or
development, treatment and distribution of water, including (without limitation)
reservoirs;

(d)    The construction, reconstruction, extension, acquisition, improvement,
enlargement, alteration, repair and modernization of County recreational facilities;
including parks and any related structures;