2182

LAWS OF MARYLAND

[Ch. 356

bonds at, above or below the par value thereof;
empowering said County to refund any of said bonds
purchased or redeemed in advance of maturity;
empowering and directing said County to apply to the
payment of principal and interest of said bonds and
said refunding bonds any funds received from Carroll
County General Hospital, Inc., the State of Maryland
and the United States of America, which may be
properly allocable to said purposes; empowering and
directing said County to contract to levy and to
levy, impose and collect annually ad valorem taxes
which, in addition [[to the]] to payments from
Carroll County General Hospital, Inc. and State and
Federal allotments, if any, will provide funds
sufficient for the payment of said maturing
principal and interest; exempting said bonds and
said refunding bonds and 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 as used herein, the term "County" shall
mean the body politic and corporate of the State of
Maryland known as the County Commissioners of Carroll
County, and the term "Construction of additions and
improvements to Carroll County General Hospital, Inc."
shall include the construction, reconstruction,
development, improvement, modernization of buildings and
facilities of Carroll County General Hospital, Inc.,
including planning, architectural and engineering
services, including the preparation of plans, drawings
and specifications for such buildings and facilities and
the development of the grounds and landscaping thereof,
and all customary permanent appurtenances, furnishings
and equipment appropriate to the full use thereof.

SECTION 2. AND BE IT FURTHER ENACTED, That the
County is hereby authorized and empowered to make a loan
to Carroll County General Hospital, Inc. upon such terms
and conditions as may be determined by said County to
finance the construction of additions and improvements to
"Carroll County General Hospital, Inc.", as defined in
Section 1 of this Act, and, in order to make such loan
and financing possible said County is hereby granted the
power and authority to borrow money and incur
indebtedness for such purpose, from time to time, in an
amount not exceeding the sum of two million dollars
($2,000,000) and to evidence such borrowing by the
issuance and sale upon its full faith and credit of its
serial maturity, general obligation bonds in like par
amount, upon the terms and conditions hereinafter set
forth. Such bonds may be issued from time to time, in