BLAIR LEE III,

Acting Governor

1481

State of Maryland; relating generally to the issuance
and sale of such bonds; and making this Act an
emergency measure.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the
body politic and corporate of the State of Maryland known as
the County Commissioners of Dorchester County, and the term
"construction, improvement or development of public
facilities" means bridge construction, rehabilitation and
repair, including the costs of acquisition and development
of property rights, and any related planning, architectural
and engineering services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized and empowered to finance the
construction, improvement or development of public
facilities, as defined in Section 1 of this Act, and to
borrow money and incur indebtedness for that purpose, at one
time or from time to time, in an amount not exceeding, in
the aggregate. Five Hundred Thousand Dollars ($500,000), and
to evidence such borrowing by the issuance and sale upon its
full faith and credit of general obligation bonds in like
par amount, which may be issued at one time or from time to
time, in one or more groups or series, as the County may
determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the public facilities for which the
proceeds of the bond sale are intended and the amount needed
for those purposes. The County shall have and is hereby
granted full and complete authority and discretion in the
resolution to fix and determine with respect to the bonds of
any issue: the designation, date of issue, denomination or
denominations, form or forms and tenor of the bonds; the
rate or rates of interest payable thereon, or the method of
determining the same; the date or dates and amount or
amounts of maturity, which need not be in equal par amounts
or in consecutive annual installments, provided only that no
bond of any issue shall mature later than twenty—five (25)
years from the date of its issue; the manner of selling the
bonds, which may be at either public or private sale, for
such price or prices as may be determined to be for the best
interests of the County; the manner of executing and sealing
the bonds, which may be by facsimile; the place or places of
payment of the principal of and the interest on the bonds,
which may be at any tank or trust company within or without
the State of Maryland; and generally all matters incident to
the terms, conditions, issuance, sale and delivery thereof.

The bonds may be made redeemable before maturity, at
the option of the County, at such price or prices and under
such terms and conditions as may be fixed by the County
prior to the issuance of the bonds, either in the resolution
or in subsequent resolutions. The bonds may be issued in
coupon or in registered form or both, and provision may be