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Ch. 917
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3474
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LAWS OF MARYLAND
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AN ACT concerning
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Charles County - Charles County Jail Bonds
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FOR the purpose of authorizing and empowering the County
Commissioners of Charles County, from time to time,
to borrow upon the faith and credit of Charles
County an amount not exceeding $1,300,000, and to
issue bonds therefor, for the cost of constructing
and equipping a Charles County Jail and providing
for the levy of taxes in Charles County for the
payment of principal and interest on such bonds. in
order to finance the construction, acquisition,
improvement or extension of certain public
facilities as herein defined, and to effect such
borrowing by the issuance and sale to the highest
bidder or bidders at public sale or, at the
discretion of the County, private sale of its
general obligation, serial maturity coupon bonds in
like par amount; empowering said 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 said bonds, without reference to the
provisions of Sections 9, 10 and 11 of Article 31 of
the Annotated Code of Maryland (1971 Replacement
Volume); prescribing the method and manner of
selling said bonds at public or private sale;
empowering said County to sell said bonds at or
above the par value thereof; empowering said County
to refund any of said bonds purchased or redeemed in
advance of maturity; empowering said County to apply
to the payment of principal and interest of said
bonds and said refunding bonds any funds received
from the State of Maryland, the United States of
America, or any other source which may be properly
allocable to said purpose; empowering and directing
said County to contract to levy and to levy, impose
and collect annually ad valorem taxes which, in
addition to 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
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thereon from all State, county and municipal
taxation in the State of Maryland; and providing
that the power to incur indebtedness and issue bonds
therefor under the provisions of this Act is
additional and alternative authority for borrowing
money and shall be regarded as supplemental and
additional to powers conferred upon the County by
other laws.
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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
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